Taxation for Remote Working in India for a UK Firm
This query is : Resolved
25 May 2024
Hi Everyone,
I am a UK citizen and planning to move to India and work remotely for my UK Firm and receive UK salary in UK Bank Account.
As I will be in RONR for first 3 Years as per my understanding so I have below queries
1.If I am working remotely for a UK Firm and receive UK Salary in a UK bank Account will this Income be taxed in India.(I have not been in India for the last 5 Years)
2.If I want to move to UK Salary Income to India what Indian Bank account should I open ?
3.After spending 3 years being resident in India will the income earned in previous financial years be taxed in India.
Appreciate your help.
Thanks,
I am a UK citizen and planning to move to India and work remotely for my UK Firm and receive UK salary in UK Bank Account.
As I will be in RONR for first 3 Years as per my understanding so I have below queries
1.If I am working remotely for a UK Firm and receive UK Salary in a UK bank Account will this Income be taxed in India.(I have not been in India for the last 5 Years)
2.If I want to move to UK Salary Income to India what Indian Bank account should I open ?
3.After spending 3 years being resident in India will the income earned in previous financial years be taxed in India.
Appreciate your help.
Thanks,
25 May 2024
1. No till your status in not ROR.
2. NRE & or NRO acc.
3. From the year you become ROR.
2. NRE & or NRO acc.
3. From the year you become ROR.
25 May 2024
Hi Dhirajlal,
Thanks a lot for quick response.Regarding the Bank Account If I am resident in India the NRE & NRO accounts become invalid as per bank website.Is there somewhere I have to declare I am RNOR when opening a Bank Account or move Foreign Income to Indian Bank Account for first 3 Years.
Thanks,
Thanks a lot for quick response.Regarding the Bank Account If I am resident in India the NRE & NRO accounts become invalid as per bank website.Is there somewhere I have to declare I am RNOR when opening a Bank Account or move Foreign Income to Indian Bank Account for first 3 Years.
Thanks,
25 May 2024
Yes, NRIs/PIOs/OCIs can open an NRO account. Under prevailing FEMA regulations, you will be considered an NRI if:
You are residing overseas (except Nepal or Bhutan) for more than 182 days in one Financial Year (April–March);
You are residing overseas (except Nepal or Bhutan) for more than 182 days in one Financial Year (April–March);
25 May 2024
Refer: https://www.sbi.co.in/web/nri/accounts/eligibility-fcnr
25 May 2024
thanks for clarifying. Just another query regarding once i become ROR salary from UK I will be paying UK Tax and then I will have to Indian Tax as well. Is there DTAA with UK to avoid double taxation and how it works.. are there any links to understand it better.Are there any forms I need to fill in to specify UK Income tax paid ?
26 May 2024
Refer:
https://cleartax.in/s/claim-tax-credit-on-foreign-income-of-resident-indian
&/or
https://taxguru.in/income-tax/claiming-credit-taxes-paid-foreign-countries.html
https://cleartax.in/s/claim-tax-credit-on-foreign-income-of-resident-indian
&/or
https://taxguru.in/income-tax/claiming-credit-taxes-paid-foreign-countries.html
26 May 2024
You are welcome.
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