Income Tax for NRI: Tax Rules for a Resident with Global Income
Tax Rules for a Resident with Global Income
An individual Indian resident working in many countries of the world will be termed as “Resident with Global Income”.
For example In case you are an Indian resident but earning income from other foreign countries, you need to pay tax on your global income in India. Tax is levied even if you have earned or received that income outside. If for one income you are paying tax in India and in another country too, you can take the benefit of Double tax avoidance agreement (DTAA). If you are an Indian resident and earned any income from abroad, it is mandatory to disclose that income in your income tax return.