Home |Tax returns filing | I was an NRI for 12 years. I have come back to India and now a resident Indian. My German company recently, deposited INR4 lakh into my India account. How will this money, which I earned as an NRI, be treated for tax purposes?

I was an NRI for 12 years. I have come back to India and now a resident Indian. My German company recently, deposited INR4 lakh into my India account. How will this money, which I earned as an NRI, be treated for tax purposes?

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Ishitha Ishitha
Answered on February 11,2020

To find out how your income will be taxed in India, you must first find out your residential status in India as per the income tax Act. You are considered a resident of India if you meet any one of the following conditions:

  • You are in India for a period of 182 days or more in the financial year; or
  • You are in India for a period of 60 days or more during the financial year and have been in India for 365 days or more during the immediately preceding four financial years.

Once you are a resident in India, your income earned or received anywhere in the world is taxable in India. Income earned or received in India is also taxable in India for a non-resident. You must include the income received from your German employer in your income tax return that you will file in India. If any tax has been deducted in Germany on this income, you can make use of the Double Taxation Avoidance Agreement (DTAA) so that your income is not doubly taxed.

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