remittance from usa to india - Implications

[Sreeni P]

Team,

Please help to clarify on below points..

I was in USA from Jan-13 to Jan-14 on H1B visa and was getting salary in USD in to USA Bank account. My Family was staying here in India and I used to transfer amount using different remittance service providers to my account in India or to my wife’s account .

I was getting Salary post TDS by employer and i I filed USA tax returns also last year.

And my company is planning to send me once again on the same project for next one year.

My Question:

1. Do I need to pay any TAX in India for the amount transferred through Remittance ?
2. Is it compulsory to have NRI account ?
3. Is there any advantage of having NRI account?
4. Let me know any pro and cons for this kind of transaction.

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the above issue? If not please inform.

AI Summary

Taxation of foreign salary: whether amounts remitted to India are taxable and if an NRI account is required. Query addresses whether salary earned and received in the United States and later remitted to India is taxable in India, whether an NRI account is mandatory, what advantages an NRI account provides, and the general pros and cons of transferring funds from a U.S. bank to personal or spouse's accounts in India. The petitioner notes salary was paid after withholding and U.S. tax returns were filed; the record contains only a request asking if the issue was clarified.