26 January 2010
I am a US citizen and I hold a PIO card. I have been living india for the past 6 years. My guess is that I am resident Indian now for tax purposes.
If I transfer money from one of my OWN foreign bank accounts (money on which I have already paid taxes during the years of stay abroad) to my OWN NRI account in India, would that amount be treated as income and be taxable in India?
CAclubindia
