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Do I need to Pay tax in Inda for my remittances in my savings account. I am paying tax here in USA.?


Do I need to Pay tax in Inda for my remittances in my savings account. I am paying tax here in USA.?

TRANSFER OF funds from US to your own account in India (either to NRE A/c or NRO a/c or other account in your name) is not taxable. The transfer of funds is not an income. You are just transferring your own money from one account to another account. May be you are transferring it from USA. It dose not matter. So no question of tax at all in India.

I always advise you to transfer your funds to your NRE A/c in India. If you do not have an NRE A/c, open it as soon as passable. There are some extra benefits in NRE A/c.

are you remitting the deposit from usa to india
if yes you need not pay any tax
because the source country is usa
there you had paid the tax
so you need not pay any tax at all in india


but the things will change is you are getting some income from india also

please contact
cajawahar@gmail.com

death and taxes are the only guarantees in life.....YES of course you do and you will have to pay them for the rest of your life just like all of us do on a daily basis... unfortunate but true

No never. No need to pay tax twice.
You are an NRI and the remittances to you account or your blood relations account is completely tax free.

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