Tax implications for PIO person on becoming a resident in India
This query is : Resolved
01 March 2024
Hello.
Consider the case of a PIO (with OCI Card) who wants to stay in India over a few months and sometimes could cross into resident limits. How would he/she be taxed under DTAA if the said person becomes resident in India.
Can you point to me an expert in DTAA matters (India and Singapore) to assess tax implications for a PIO who becomes resident in India? How is his global income (Singapore) taxed?
Consider the case of a PIO (with OCI Card) who wants to stay in India over a few months and sometimes could cross into resident limits. How would he/she be taxed under DTAA if the said person becomes resident in India.
Can you point to me an expert in DTAA matters (India and Singapore) to assess tax implications for a PIO who becomes resident in India? How is his global income (Singapore) taxed?
01 March 2024
His global income will not be taxable in India.
He will be considered as resident but not ordinary resident (RNOR).
He will be considered as resident but not ordinary resident (RNOR).
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01 March 2024
Thanks.
I am keen to evaluate the tax implication when he becomes a Resident post RNOR period and starts staying in India for over 182 days, for example.
I am keen to evaluate the tax implication when he becomes a Resident post RNOR period and starts staying in India for over 182 days, for example.
01 March 2024
In such a case his global income is taxable in India less tax paid outside India.
01 March 2024
Thanks again.
Can you point me to an expert who can do a specific assessment based on actual income in India and Overseas? DTAA expertise in the context of India - Singapore would be very helpful.
Can you point me to an expert who can do a specific assessment based on actual income in India and Overseas? DTAA expertise in the context of India - Singapore would be very helpful.
02 March 2024
https://www.ey.com/en_in/tax/international-tax-planning
02 March 2024
Thanks Mr. Seetharaman.
02 March 2024
You are welcome...
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