Do NRIs in Gulf need to pay income tax in India?
Benjamin Franklin, who was credited with drafting the Declaration of Independence and the American constitution, said there were only two things certain in life: death and taxes. His utterances made in 1700s hold true even this day. Non-resident Indians are required to pay an income tax on income of more than 250,000 Indian rupees that is earned in India. Siddesh Mayenkar of Gulf News spoke to Naveen Sharma, immediate past chairman of Institute of Chartered Accountants of India Dubai Chapter on a host of tax issues concerning the Indian population in overseas land. Here’s our comprehensive guide on everything that NRIs wanted to know about TAXES back home.
