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You will be considered a resident if you stay in India for 182 days or more in a financial year; if not, you may qualify as an RNOR (Resident but Not Ordinarily Resident) initially.
During the RNOR status, foreign income is usually exempt from tax. Once you become a resident, global income, including US earnings, will be subject to taxation in India.
DTAA prevents double taxation on the same income by allowing credit for taxes paid in the USA against Indian tax liabilities.
You must convert NRE and FCNR accounts to resident accounts within 90 days of becoming a resident and update your status for NRO accounts.
Yes, PAN must be linked to Aadhaar and updated with the new Indian address as soon as possible.
Yes, filing in both nations is common during the transition year to comply with the tax laws of both countries and claim DTAA benefits.
Gains acquired on US assets are taxed in both nations. However, you can avail tax relief under DTAA by claiming foreign tax credits.
You can receive US Social Security benefits in India, but 401 (k) transfers require careful planning and may also have some tax implications.