I was in the US for a few years and didn't close my savings and checking accounts in the US at the time of return. After three years of my return from US, I transferred some funds to my savings account in India. Am I liable to pay any taxes in India? Do I need to declare these funds while filing income tax return in India? Please advise. Thank you.
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Funds transferred to india after three years of leaving us
Replies (1)
"Am I liable to pay any taxes in India? Do I need to declare these funds while filing income tax return in India?"
1. No. (if its not earned in previous year).
2. As such No; unless query raised.
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