US tax refund tax status in India
I am a Indian citizen and I was in the US for a year.
I have received tax refund cheques from US Treasury.
Since I am back in India, I have deposited these cheques in my Indian bank account.
Is the US tax refund received taxable in India ?
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Is the US tax refund received taxable in India ?
As this was income when your status was NRI, this does not attract taxes in India. There is a 7 years period by which you can bring in the funds earned outside India [when you tax status is NRI] into India.
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