Unlike India, the US tax law is based on residency as well as citizenship. If you are a Green Card holder living in India, you would qualify as a resident in India and therefore will have to pay taxes and file returns in India on your global income.

Can I move to India after green card?

You can move back to India and still maintain your green card if you are able to comply with the residency obligations attached with the GC. Be prepared to pay taxes, maintain accounts and some other basic connections in US.

Can a green card holder get citizenship?

Who Qualifies For Citizenship? All green card holders, as long as they meet key conditions, can apply for U.S. citizenship after five years (known as the “five-year rule”) — but those with a U.S. spouse and a green card through marriage can apply after only three years (known as the “three-year rule”).

Can OCI holder get back Indian citizenship?

Yes. As per the provisions of section 5(1) (g) of the Citizenship Act, 1955, a person who is registered as an OCI for 5 years and is residing in India for 1 year out of the above 5 years, is eligible to apply for Indian Citizenship. 30.

Is a green card holder an NRI?

It is clarified that People of Indian Origin having foreign nationality and residing in foreign countries FNIOs/ Green card holders are not considered as NRIs for the purpose of allowing insurance. NRIs are allowed insurance on their visit to India where all formalities are completed during their stay in India.

Can a US green card holder live in India?

This basic difference poses several challenges for US Green Card holders. If you are a Green Card holder living in India, you would qualify as a resident in India and therefore will have to pay taxes and file returns in India on your global income.

Can a green card holder apply for citizenship?

Green Card holders can apply for citizenship with the USCIS, United States Citizenship and Immigration Services, after having fulfilled certain requirements. The process is also called naturalization.

Do you have to file tax return in India if you have green card?

However, as a Green Card holder, you are obligated to file your tax returns in the US and declare your global income there. So if you are a resident of India and earn a pension in India, you would be taxed in India and you would also need to show this pension income in the US tax return.

Do you have to pay US taxes if you are green card holder?

As a citizen of the US or a green card holder living outside the US, you are treated at par with a ‘US resident’ for tax purposes. So you must pay taxes on your global income in the US. At the same time, if you have lived in India for more than 182 days in a financial year, you are treated as a resident of India.