@pk and @Opus 17
Thanks for taking time out to understand and address my queries. Really Appreciate.
I got delayed in filing taxes in India for period 1 April 2023 to 31 March 2024 and am doing now, largely due to lack of clarity on taxation policy for someone in my situation.
You have understood my situation correctly- I was present and working in India for the period 1 April 2023- 31 December 2023 and have been living in USA from 1 January 2024.
For taxes to be paid in India, for the period 1 April 2023 to 31 March 2024 (already delayed),
- As per law, Would India tax me on my global income for 1 April 2023 to 31 March 2024? OR only for the time I was on Indian shores “1 April 2023- 31 December 2023”
- As a corollary to above, Do I need to show US Income, I received for period 1 January 2024 to 31 March 2024, or can be avoided given I am a US tax entity for Calendar Year 2024
- If answer to above question is Yes,
- Would the relocation benefits given by my employer and also taxed in USA, be a part of “global income” which I declare in India?
- Subsequently, would you suggest, that I choose US to give credit for taxes paid to India on ONLY the doubly taxed income when I file returns in March/ April 2025 for CY24?
thanks and Best regards, Rahul
