Income From India and Out Of India

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If you're an Indian resident earning income both within India and overseas, you're generally liable to declare your global income on your Indian tax return. However, if you've become a Non-Resident Indian (NRI), you'll typically only need to report income earned or accrued within India.

SIDDHARTH MAHESHKUMAR SHAH

SIDDHARTH MAHESHKUMAR SHAH (Querist)
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14 July 2024 If someone is retired person in India and having Pension + Interest Income in India.
And Also he moved out of India and having Income in Out of India

So if he files his Income Tax Return in India should he need to show NRI Income in India

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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15 July 2024 Depends upon his/her residential status.
If Resident Indian, then yes, he is liable for assessment over his global income.
But if NRI, then only income earned or accrued in India is taxable under IT act, 1961.

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Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 August 2024 You are welcome.

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