Income that was not taxable in India due to DTAA, would not be taxed in India at all
Listen to this article
For non-residents who have worked abroad and have thereafter returned to India and become tax residents here, or expatriates who have become tax residents in India, taxation of their foreign retirement accounts (FRAs) has long been a sore point. While the foreign country in which they have their FRAs generally taxes such income only on withdrawal, there was no such provision in Indian tax laws. They had to pay tax on such income for the years in which the income was earned and credited to their retirement accounts.
Recommended For You
Select your Category
Internet Not Available
Wait for it…
Log in to our website to save your bookmarks. It'll just take a moment.