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Planning to return to India? Here's a thread on what you need to do from a tax/ compliance perspective.
#r2i #returntoIndia #incometaxindia
#r2i #returntoIndia #incometaxindia
Assets outside India💰
Continue to hold. You can hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such assets was acquired, held or owned by you when you were a non-resident or was inherited from non-resident
Continue to hold. You can hold, own, transfer or invest in foreign currency, foreign security or any immovable property situated outside India if such assets was acquired, held or owned by you when you were a non-resident or was inherited from non-resident
Pro-tip:
Be mindful of income tax regulations that determine scope of total income. You want to minimize tax paid in India on overseas assets and avoid double taxation. Plan your investments and date of return in the most tax efficient manner.
Be mindful of income tax regulations that determine scope of total income. You want to minimize tax paid in India on overseas assets and avoid double taxation. Plan your investments and date of return in the most tax efficient manner.
