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I am an Indian citizen and a PR holder in Germany. I am opening a depot account in Germany and there is a question about Tax residency. I would like to know if I am a resident for tax purposes only in Germany or both in India and Germany.

p.s. I have some savings in India and the interest from those savings are exempted from tax in India.

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  • You would be classified as NRI for India tax purposes. Ensure that you have converted your savings account to NRO. – Dheer Mar 21 '20 at 16:08
  • Yes, I do have NRE and NRO accounts. All I want to know is how to answer the tax residency question while opening the depot account in Germany. – Arpit Bajpai Mar 21 '20 at 19:11

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