I was an NRI until June 2011, when I returned back from Japan.
After I came back to India, I remitted my savings in Japan
to my NRE account and my pension amount was also transferred to my
NRE account later. Since I would be spending more than 183 days in India
during this year, would I have to pay income tax for my overseas income?
Please advise.
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Nri tax question
Replies (2)
Hi Balu,
Since you would be spending more than 183 days in India, you will be treated as Resident for the year 2011-12 and so you have to pay Income tax on your foreign income and indian income.
So your pension income will be taxable under Income Tax Act.
Please consider other's view also.
if you earned income from india or business connection of india under sec 9 you have to pay tax over & above limit specify by income tax
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