173. Income tax filling by British OCI holder in India
Q: I am a British citizen with OCI. I also have some income in India from investments made in India by some money which i
received by selling a property which had been gifted to me. At the moment i have a CA in India who files a tax return for my
income from India and i also pay income tax separately in UK. Is this the right arrangement to pay the tax in the respective
countries where it is generated from even though I am not living there?
Thanks PT
A. UK residents are taxed on their worldwide income. Unless you are declaring your Indian income when filling UK taxes you
may have a problem. UK and India do have a double taxation avoidance agreement so you would get credit for taxes that you
have already paid in India. Your CA should be able to guide you better in this regard.
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stated on this website and the relevant Act, Rules, Regulations, Policy Statements etc. the latter shall prevail.
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