Pay taxes in India with no income PAN and OCI?


#1 Apr 15th, 2017, 00:44
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  • NowLikeThis is offline
#1
I have OCI and PAN card. Although I had NRI account for whatever reason they asked me to furnish my PAN card number. I had no choice but to apply. Now Iam confused if Govt of India will start bothering me to pay taxes for my income obtained in Canada? I already file taxes in Canada and have 0 income in India. If I deposit any money in my indian bank account will the income tax department be after me?
#2 Apr 15th, 2017, 14:23
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  • Golghar is offline
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Originally Posted by NowLikeThis View Post Although I had NRI account for whatever reason they asked me to furnish my PAN card number
Do you have an NRE account or an NRO account?

In the latter case the interest earned is taxable in India. Your bank should be deducting 25% of the amount as TDS (Tax Deduction at Source). The tax authorities in Canada may expect you to mention this on your tax return. I presume there is a dual-taxation agreement between India and Canada in force so you won't have to pay anything more.
#3 Apr 15th, 2017, 20:18
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#3
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Originally Posted by NowLikeThis View Post I have OCI and PAN card. Although I had NRI account for whatever reason they asked me to furnish my PAN card number. I had no choice but to apply. Now Iam confused if Govt of India will start bothering me to pay taxes for my income obtained in Canada? I already file taxes in Canada and have 0 income in India. If I deposit any money in my indian bank account will the income tax department be after me?
As long as you maintain your Non resident status and if you don't have any income in India you wouldn't have to pay any taxes in India .

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