Need a help to get rid of Global taxation rule. I did google and found following 2 rules.
An individual is considered to be a resident of India if he/ she is present in India for a period of 182 days or more in the relevant tax year running from April to March or ("182 days rule"),
OR
He/she is present in India for 60 days in the relevant tax year and 365 days or more in the preceding four financial years. ("60 days rule").
Here is the thing that I am planning to do –
I am staying in US since November 2012 but travelling to Nepal on 1st January 2015 and would be staying there for like 40 days for vacation then will enter in India on February 5 then would start with my employment. But before I plan for vacation in Nepal I would like to understand whether I would get rid of Global taxation or not? Please check on the possibilities and advise if there are any.
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Tax is complicated at the best of times, and even more so when it comes to international taxation. The safest route you can go is to make an appointment with a reputable immigration tax professional.
You might, however, want to find out about Double Taxation Avoidance Agreements between India and the USA, and the terms thereof.
To get a general idea, have a look at our Taxes in India page, which is written by a local professional.
Hope this helps.
Best of luck,
Xavier