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Sign Up. Related Companies Intuit. To find out whether your income tax shall be taxed in India, you need to establish your residential status as per the I-T Act of India for the relevant financial year. I have been working in the US for the past six years. In May, I came to India for personal reasons. I continue to receive salary in dollars in my US account.
Would my US salary be considered India-sourced income, and would I have to pay taxes in India on this salary? To find out whether your income shall be taxed in India, you need to establish your residential status as per the I-T Act of India for the relevant financial year FY. Note that this status may change year after year and therefore it needs to be determined for every FY. You can test your residential status in the following manner.
Conditions: a you are in India for days or more in the FY; or b you are in India for 60 days or more in the FY and days or more in the four FYs immediately preceding the relevant FY. Additional conditions: You are resident in India in two of the 10 FYs immediately preceding the relevant FY; and you are in India in the seven years immediately preceding the relevant FY for days or more. If you meet any of the first set of conditions and both the additional conditions, you shall be considered a resident in India.
If you meet any of the first conditions but do not meet the additional conditions, you shall be considered a resident but not ordinarily resident RNOR in India. Don't have time to visit an office? You can swing by an office to drop off your tax documents, or you can even upload your documents and work with a local tax pro with our virtual tax prep service. Do you have a highly specific or complicated tax situation? They are experts in identifying all the tax deductions you qualify for so you know you're getting the most from your tax return.
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