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Hari Sadu
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Comments by "Hari Sadu" (@harisadu8998) on "Best Second Citizenships for Indians and South Asians" video.
Pakistan permits dual citizenship if it is from a select list of mostly Western countries. India has a blanket ban on dual citizenship.
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@indidesitourer585 Yes that is correct. If you live abroad and you want to change your citizenship, you can try to get citizenship in the country of residence or if that is not an option, go for a Caribbean country. Then you must renounce Indian citizenship after you get it and then get an OCI card which is lifetime unlimited travel and permission to live and work in India. If you want to continue living in India but you want to change your citizenship, there are some reasons you may want to do this: 1. More visa free travel to countries than the Indian passport. 2. More residence options 3. A chance to escape India in case something goes wrong.
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@SanjayAroraIN If you are a foreign passport holder with an OCI card living in India for 119 days or less, you will be taxed only on your Indian source income and not foreign income. If your Indian sourced income is below 15 lakhs, you can live in India for 182 days with no tax on foreign sourced income. HOWEVER, if you are an Indian citizen living overseas, if your taxable income is above 15 lakhs, you will also need to provide a tax residence certificate of your country of residence, otherwise once again, you'll be liable to pay tax on worldwide income.
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@hmmm....1910 You can have 10 citizenships of other countries and OCI of India. Why not? But remember, you cannot be a citizen of India if you take even 1 citizenship overseas.
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As long as you LIVE in India, you will be considered a resident, even as a foreign passport holder and hence, you are expected to pay tax on worldwide income, not just Indian source. If you only want to pay tax on Indian source income, you must be an NRI or OCI living in India for a maximum of 119 days IF your taxable Indian income is above 15 lakhs. Any longer than that and you will be liable to pay worldwide tax. Remember one more thing that if you are an Indian citizen living overseas, if your taxable income is above 15 lakhs, you will also need to provide a tax residence certificate of your country of residence, otherwise once again, you'll be liable to pay tax on worldwide income.
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The answer is literally no different for Bangladeshis. He didn't mention Bangladesh but the video content would be the same.
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