If you are resident or non-resident but not ordinarily resident in India, you will be paying tax on income earned in India
I am a returning non-resident Indian (NRI) and my status will be converted to resident and ordinarily resident (and not resident and not ordinarily resident or RNOR) in India. I hold some shares in the US that are not subject to any tax as they were bought from the UAE. Will I have to pay long-term capital gains (LTCG) tax on these shares once I am back to India? If I have to, I would prefer to liquidate those shares and bring the capital with me once I come back to India. Are assets acquired outside India from non-Indian income taxable once I become an ordinary citizen of India?