I have returned from abroad and have stayed for more that 182 day in India between 1st April 2018 to 31st March 2019 (so technically a resident).
Need to know if my salary earned abroad during this FY 2018-19 is taxable in India during this FY 2018-19 ? I did transfer from abroad about 10 lakhs to an NRE account in India during this time.
Please provide some guidance
Returning Indian Resident's Foreign Salary Taxable Under Global Income Rule; Check DTAA for Deductions. An individual returning to India after working abroad inquires about the tax implications on their foreign salary for the fiscal year 2018-19, having stayed in India for more than 182 days, thus becoming a resident taxpayer. A tax advisor explains that all global income, including foreign salary, is taxable in India for residents. The advisor suggests checking if a Double Taxation Avoidance Agreement (DTAA) exists between India and the country of employment to claim deductions for any tax deducted at source. Transfers to an NRE account are generally not taxable. Another contributor agrees with this advice. (AI Summary)