Double taxation India and belgiun

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gc1092 Active member

Member since 20 September 2021

gc1092Active member06 January 2022 10:35:34

I am an Indian citizen who lived to Belgium a few months ago. Should I pay tax in India on the interest earned on security deposit?

Kdeepak Contributor

Member since 20 April 2021

KdeepakContributor06 January 2022 22:07:10

158

gc1092 wrote:
I am an Indian citizen who lived to Belgium a few months ago. Should I pay tax in India on the interest earned on security deposit?

What ever you earn in belgium you only pay taxes in belgium. You can transfer any amount to India tax free. In india to NRE Account and if you have house ( rent earnings) or business or anything in India As you mentioned security from you earn money so on that money or interest you have to pay taxes those transactions can only be done via NRO Account (same like an india. Account just for NRI). Hope this helps you.

gc1092 Active member

Member since 20 September 2021

gc1092Active member07 January 2022 07:10:12

Sorry I meant the security deposit is in Belgium for the apartment I am renting.

Kdeepak Contributor

Member since 20 April 2021

KdeepakContributor07 January 2022 13:02:17

158

gc1092 wrote:
Sorry I meant the security deposit is in Belgium for the apartment I am renting.

No for belgium all the taxes will be paid to Belgium. 😊

As far as I never paid any taxes in india.

Sanjay R Member

Member since 18 March 2021

Sanjay RMember09 January 2022 02:55:35

Here is my understanding :
If you qualify as an Indian resident, you need to file return in India and pay taxes on your global income. You can claim credit of taxes already paid in Belgium under the doubly tax treaty.
I am assuming you have worked for a few months in Belgium so you will qualify as Indian resident. You can check your status at https://cleartax.in/paytax/residential- … calculator

Regards, Sanjay

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