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What are the rules for tax if non resident indian becomes residence?
Wiki User
∙ 12y ago
As a US citizen or a US resident, you are subject to US taxes, both federal and state income taxes on your world wide income and US source income. Since you are a resident alien, you must follow the same tax laws as U.S. citizens. You are taxed on income from all sources, both within and outside the United States.You will have to file Form 1040 or 1040A/1040EZ (if you do not itemize deductions on Sch A of 1040).
Wiki User
∙ 12y ago
When a non-resident Indian (NRI) becomes a resident in India for tax purposes, they become liable to pay tax on their global income in India. This includes income earned outside India. However, specific rules apply depending on the individual's residency status, so it is advisable to consult with a tax expert or accountant to understand the implications and requirements.
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