NRI Status and Tax Query
This query is : Resolved
31 July 2007
Scenario:
1)Will get Salary in India and for the same amount will pay tax
2)As we are having Valid Work permit, Even we will pay tax in Poland for certain amount
3)Will get perdiems and perks in abroad
Query:
1)Can we open NRI account
2)If we can open NRI account, can we remit our savings, If yes is there any tax implication
3)Is there any tax implication if the company transfers perdiem from foreign account to our NRI account
4)As we are paying Tax in India and also in Poland, Is there any better way to handle funds with out any hassle.
1)Will get Salary in India and for the same amount will pay tax
2)As we are having Valid Work permit, Even we will pay tax in Poland for certain amount
3)Will get perdiems and perks in abroad
Query:
1)Can we open NRI account
2)If we can open NRI account, can we remit our savings, If yes is there any tax implication
3)Is there any tax implication if the company transfers perdiem from foreign account to our NRI account
4)As we are paying Tax in India and also in Poland, Is there any better way to handle funds with out any hassle.
05 November 2007
You can open NRI account but as regards remittnace you will have to verify reptriation rules. I will get back to you regarding better way out.
09 November 2007
Kindly provide further details Mr. Kapil
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