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*Ostroff, Fair and Company>>>India Taxes

Hi I am Mudiam , I have a Income Tax related Question?


I am an IT assesse and holding PAN no,I am planing to migrate to Abroad.My question is though i will be earning foriegn currency, should i need to file my IT returns every year in my home country?

Dear Mudiam,
Filing return depends on your stay in foreign country. If you stay out of this country for 182 days , you will be treated as Non Resident Indian and that means your income earned abroad shall be non taxable in India.
Remember for a person who stays in India for more than 182 days, all income including salary earne abroad is taxable. I would suggest go through my recent blog http://q4tax.blogspot.com in form of FAQ . The first topic I have chosen is taxation of Non Resident. See if it helps. Source(s): http://q4tax.blogspot.com
You will have to file in whatever country you reside in. It doesn't matter where the money is coming from, just where you live.
http://www.watchtower.org/library/w/2004...
Depends on your residential status:
1. If you are resident in India as per indian laws, then you need to file returns here.
2. If you are resident in the foreign country as per foreign laws, then you need to file returns there.
3. If you are resident in the both countries, then you need to file returns at both places.

The Double Taxation avoidance agreements and tax laws in each country are very clear on this.
In this case your income tax payable will depend on your residential status under section 6 of income tax act.
and resident status depand on your stay in india.
If your residential status is decleared as Not resident in india and earn income from out side of india then u have not liable to pay tax in india. you have to pay tax in abroad.
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