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Income Tax related?


If an Indian national works abroad and earns money and dont have any other income in India, is he liable to pay income tax in India ? If he costruct a house or buy a land, he is liable to disclose the source of income ?

The money you earn out side India as a NRI, is not taxable in India. When you lose your NRI status, then you have to pay taxes in India from that year.

You can construct a house, purchase of house plot or commercial property. If any Income tax authorities asks you at a later date, then you should be able to show the source of funds. As a NRI it is not difficult for your to show the source for funds.

If the property so purchased earns any income, then it is taxable in India as it is an India Income for you.

The taxablity of income earn our\t side depends on the residential status. If he is non resident then the amount of income earned outside India is not taxable. However if he is resident to India then his income is taxable in India subject to DTAA

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