Moving to India? Understand Your Tax and Compliance

Описание: Thinking about moving to India? Before you pack your bags, it’s crucial to understand how your taxes and financial compliance will change once you become an Indian resident again.

In this video, we break down the key tax implications for NRIs and returning Indians — from residency rules and income taxation to managing foreign assets and claiming double taxation benefits. Whether you’re moving back for good or splitting time between countries, this guide will help you plan smarter and avoid costly mistakes.

Key Points & Sections

Residency Rules in India
Your tax obligations in India depend heavily on your residency status.
There are specific criteria (number of days in India in a year, and consecutive years) to determine whether you are a resident, non-resident, or resident but not ordinarily resident.

What Income Is Taxable
If you're a resident, your global income (income from India + foreign income) may be taxable in India.
If you’re a non-resident (NRI), only the income that accrues or arises in India is typically taxable.
There are special rules regarding foreign assets, foreign income, and how they’re treated for tax.

Before You Move
Plan your finances: know how your foreign income, capital gains, or investments will be treated when you shift residencies.
Consider entering into Double Taxation Avoidance Agreements (DTAA) or how foreign tax credits may be claimed.
Document your departure from India (exit date, proof of stay outside India) and maintain records.

After Moving / Upon Return
Once you qualify as a resident, your foreign income could become taxable.
You may need to disclose foreign assets, overseas bank accounts, etc.
Tax compliance becomes more complex with multiple jurisdictions.

Special Cases & Exemptions
There are certain exemptions or reliefs for income from certain sources.
There might be differences for pensioners, income from employment vs. capital gains, etc.

Practical Advice & Compliance Tips
Keep clear records of your stays abroad and in India.
Be aware of deadlines and filings (for both Indian and foreign tax authorities).
Seek professional advice if you have complex cross-border income.
Stay updated on changes to tax laws or treaties.

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You can also explore our detailed Moving Back to India Guide - it covers finances, housing, schooling, taxation, and everything you need to plan a smooth transition:
📘 Read the guide - https://bit.ly/moving-back-to-india-g...