Abhinav (None) (24 Points)
05 September 2012Hi,
I currently live & work in the UK and applying for UK citizenship and then OCI. My question is, if I come back to India after taking UK Passport and OCI what will be the situation in India.
I am told on OCI, I can work in India for any private firm but what I do not know is how the salary or tax things will work? I don't think I'll be allowed to open a resident bank account?
Can anybody help or advise.
Many Thanks in advance!!!
manavi
(article)
(30 Points)
Replied 05 December 2012
The below attached chart is available on the RBI site. May be it helps
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 12 June 2013
OCI or UK Passport doesn't trigger any tax implications in India.
Only if there is any income from India or the person has spent more than 182 days in india, the question of taxability in INDIA shall arise.
Anuj
femaquery @ gmail.com
CAclubindia
