Nri status and tax on foreign earned money

1. Yes, if you stay for 182 or more days in this financial year, your status will change. (assuming less than 365 days in last 4 years).

2. No to both. But interest earned during this year over the money trasferred to NRI account will be taxable.

Thanks Dhiraj,

If I do not go back, will I still have to pay tax on the amount in my NRI account earned so far?

Thanks again!

Abdul Wahid

Any income earned in India (including bank interest), is taxable in India, irrespective or your NRI/resident status, provided over and above basic limit of 2.50L

Thanks,

So the money earned in foreign and was transferred this year in july to India is not taxable (Excluding interest).

Kindly confirm if my understanding is correct.

Thanks,

Abdul Wahid

Almost correct, alongwith any income you may earn during this year, in India or UAE will also be taxable, but subject to DTAA agreement.