hi
I am planning to move to europe for work in december. I would like to know about my tax liabilities on my income abroad. Though I would be paying taxes there as a full-time employee, I guess that i am supposed to declare my global income and liable to pay taxes in india as for the current FY2010-11 I will be a resident indian. But the country where I am going has a double taxation avoidance treaty with India so I expect I need not pay double taxes. Can anyone please clarify that?
Apart from that, will I be able to maintain and operate my saving account in India from there or it is mandatory to opn up a NRE account? Is there any tax liability if I transfer money from my account in Europe to mine or my parents' indian savings account?
Thanks
regards
PB