Home > Money > Question
Need Expert Advice?Our Gurus Can Help
Samkit

Samkit Maniar  | Answer  |Ask -

Tax Expert - Answered on May 27, 2024

CA Samkit Maniar has eight years of experience in income tax, mergers and acquisitions and estate planning.
He has graduated from Mumbai’s N M College of Commerce and Economics and has completed his CA from The Institute of Chartered Accountants of India."... more
Asked by Anonymous - Apr 01, 2024Hindi
Listen
Money

Hi Sir, I have been Nri for more than 9 years on return back to India how long can i keep my NRI status and any money earned after return to india from foreign sources is it taxable ?

Ans: Once you become resident Indian you are subject to worldwide taxation depending upon your time you stay in India.

Nri status depends upon number of days you stay in India.

You can get tax credit of any taxes paid in foreign country/ ies once you become resident Indian depending tax treaty with that country.

Please take your CAs advice before moving ahead.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
Money

You may like to see similar questions and answers below

Moneywize

Moneywize   | Answer  |Ask -

Financial Planner - Answered on May 13, 2024

Asked by Anonymous - May 12, 2024Hindi
Listen
Money
I have been NRI for more than 20 years. If I return to India for how long can i keep my NRI status and will any money earned by me after my return to India from a foreign sources be taxable? If yes, how much tax will I have to pay?
Ans: When you return to India after being an NRI (Non-Resident Indian) for more than 20 years, your tax residency status will change. You will be considered a Resident but Not Ordinarily Resident (RNOR) for the first two financial years (April to March) after your return.

As an RNOR, your foreign income is generally not taxable in India unless it's derived from a business controlled or set up in India. So, any income earned from foreign sources during the RNOR period would generally not be taxable in India.

However, any income earned in India during the RNOR period will be taxable in India, along with any income from a business controlled or set up in India, regardless of whether it's earned domestically or abroad.

After the RNOR period, if you continue to stay in India, you will become a Resident and Ordinarily Resident (ROR) for tax purposes. In this case, your global income, including income earned abroad, will be taxable in India.

Tax rates in India vary depending on the income slab you fall into, and there are also various deductions and exemptions available. It's recommended to consult with a tax advisor in India who can provide personalized advice based on your specific financial situation and the prevailing tax laws at the time of your return.

..Read more

Latest Questions
Nayagam P

Nayagam P P  |7007 Answers  |Ask -

Career Counsellor - Answered on Jun 26, 2025

Nayagam P

Nayagam P P  |7007 Answers  |Ask -

Career Counsellor - Answered on Jun 26, 2025

Career
My son score 96.69 in jee mains rank 15213, 98.56 in mhtcet, comedk rank 7856, BITSAT 223 score and manipal rank 9730. Please help which top college can he get ece. He has maharashtra domicile
Ans: With a JEE Main percentile of 96.69 (rank 15,213), MHT CET 98.56 percentile, COMEDK rank 7,856, BITSAT score of 223, and Manipal rank 9,730, your son has strong chances for ECE in several top colleges, especially with Maharashtra domicile. In Maharashtra, VJTI Mumbai and COEP Pune are unlikely for ECE as their cutoffs close around 1,200 and 1,250, but he has a realistic chance for ECE at PICT Pune (cutoff up to 1,820), SPIT Mumbai (up to 1,711), and Walchand College of Engineering, Sangli. SGGS Nanded and ICT Mumbai are also possible for ECE or allied branches. Through JEE Main, he can target NITs like NIT Patna, NIT Raipur, NIT Jalandhar, and NIT Meghalaya for ECE, as their closing ranks for ECE are often in the 15,000–20,000 range for open/home state seats, and IIITs such as IIIT Kottayam, IIIT Lucknow, and IIITDM Kancheepuram for IT or ECE. In COMEDK, his rank is suitable for ECE at good Bangalore colleges like Dayananda Sagar College of Engineering and CMR Institute of Technology, though not for RVCE or BMSCE. With a BITSAT score of 223, ECE at BITS Pilani is unlikely, but BITS Goa or Hyderabad for lower-demand branches may be possible. Manipal rank 9,730 may fetch ECE or allied branches at MIT Manipal in later rounds.

The recommendation is to prioritize ECE at PICT Pune, SPIT Mumbai, or Walchand Sangli through MHT CET; also apply for ECE in NITs and IIITs via JEE Main, and use COMEDK and Manipal as strong backups for ECE in reputable Bangalore or Manipal colleges, maximizing options through all relevant counselling rounds. All the BEST for the Admission & a Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

...Read more

Nayagam P

Nayagam P P  |7007 Answers  |Ask -

Career Counsellor - Answered on Jun 26, 2025

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x