New Delhi, Feb. 3 -- I applied for Portugal Golden Visa with my children's education in mind. I was been granted one and now live in Portugal where I have my own business. Since I'm an Indian citizen, how will my NPS annuity be taxed in India? Will it change if I apply for Portuguese citizenship in the future?

-Name withheld on request

You have not mentioned your period of stay, but I assume you have become a non-resident Indian and a resident of Portugal as you run a business there. I also assume you do not spend more than the specified threshold period (120 days/182 days) on your visits to India, and therefore do not become a resident under Indian income tax law. Assuming you are liable to pay tax in Portugal as a resident, you qualif...