Suppose that a person of Indian origin, holding an American passport and also dual citizenship of India is resident in India in the PY. Will the Pension income he receive from the US be taxable in India if the same is directly credited into his bank account in India? Will it make any difference if the amount is first credited into his bank account in the US and thereafter transferred to his bank account in India?
Thanks in advance.
Dear Jijo,
For determining taxability relevant DTAA has to be looked in. Generally taxable in the foreign country since pension is received in respect of services rendered in the foreign country.
Further once u said that the person is resident in India, which I believe u mean ROR then the fact the receipts are first credited in India or in the foreign country has no relevance becos then Global Income becomes taxable in India...
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