Moving abroad? What changes in your Indian tax return.
Residential status, the income that stays taxable in India, and what to tell your bank.
By the partners · 1 min read
A move abroad changes how India taxes you, but it does not end your links with the Indian tax system. Three questions are worth settling early.
What is your residential status this year?
Your status depends mainly on the number of days you spend in India during the year, and in earlier years. The year you leave is often the hardest to work out, so keep your travel dates together.
Which income stays taxable in India?
Income that arises in India, such as rent from a property here or interest on Indian deposits, generally remains taxable in India after you move. Income you earn abroad is treated differently once your status changes.
What should you tell your bank?
Your savings accounts will usually need to be changed to the kind meant for non-residents. Tell your bank when you move, and keep their confirmation with your tax papers.
Settle your status first. Most of the other answers follow from it.
This note is general information, not advice for your situation. Rules and dates change, so please write to the firm before acting on it.