How to find NRI status?
- 63 Comment
Introduction
In this article I will be writing about the NRI status. Many people confused about the NRI term and when a person is considered as Non-Resident Indian(NRI). This article gives you the policies related to NRI and how to decide whether a person is NRI for the specific financial year. Please post your feedback in the comments section. If you like this article please subscribe to our future articles here.
What makes you resident?
- If a person stays in India for more the 182 days for the current financial year
- If you stay in India for at least 60 days in India during the current FY and have stayed in India for at least a total of 365 days during the four previous FYs, then you are a resident.
- However, the criteria of 60 days are extended to the first criteria of 182 days for any one of the following instances:
- 1. If you reside abroad for the purpose of employment.
- 2. If you reside abroad as the member of the crew of an Indian ship.
- 3. If you are an Indian citizen or a person of Indian origin who comes to India on a visit.
- If you are an NRI, only your income from India will be taxed. You don’t have to pay taxes on income earned abroad, even if you remit this income to India.
- An Indian citizen leaves India for the purpose of Employment, Education or Staty with parent, at the moment when he is leaving the India he becomes the NRI. In this case when the return period is un-certain then he will be considered as an NRI.
Summary
I hope this article helps to undertand the NRI status. If you have any doubts regarding the NRI status, please post it in the comments section. I will answer your questions. Thank you for reading this article. If you like this article please subscribe to our future articles here.
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63 Comments on this post
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sanjeev said:
Hi,
I want to know my residential status.
I had come to US on Oct31,2008 for employment.
I visited to India for two weeks in month of July,2009
for family visit.
I want to know when shall I plan my permanent return to maintain the NRI status.Can u please help me for same?
Regards,
SanAugust 28th, 2009 at 7:03 pm -
Gaurav said:
Hi,
Thanks for the articles. I have one question about my NRI status for this financial year. I left India on 12 March 2009 for employment purpose. come back to India on 12 th June 2009 for VISA renew and vacation and again left India on 9th Aug before finally coming back on 16th Oct. Now I am working in a Indian Firm and I am not sure If I have to pay tax for my earning while I was away.
Thanks
GauravNovember 15th, 2009 at 10:23 pm -
krishnas said:
Hello Gaurav,
You are not required to pay the tax what you have earned outside India. But, when you are outisde India, if there is any income in India, for that you have to pay the tax.
Thanks,
KrishnaNovember 16th, 2009 at 6:13 am -
rakesh said:
hiiiiiiiiiii iam rakesh a betech student. nd ur artle is very nice i vant some rinn formation abt ohw many indians are in other contris nd hav dedr green cards nd vats da finacial status der nd vats da taxes paid by dem to hteir respctive countries pls pls pls send me iam collectin dis data for as film story pur pose nd sir i hav many other doubts nd donno hum to ask vill u pls send me ur id to be ibcontact abt fda stoiers furtgher infomation nd to clarify my douya pls pls p[ls dont ignore me sir
November 23rd, 2009 at 2:17 am -
krishnas said:
Hello Rakesh,
Thank you for the comments. Please write your doubt clearly. I will answer your question.
Thanks,
KrishnaNovember 23rd, 2009 at 3:41 am -
rachna said:
Why should Gaurav not need to pay tax on what he earned outside India. If we count the vacation time he spent in India between June and August, he would have spent more than 182 days in India, hence would be considered a resident. I havent seen any explanation that vacation time will not be considered in the “182 days”.
November 24th, 2009 at 9:07 am -
krishnas said:
Hello Rachna
However the income generated in India only need to pay the tax.
Thanks,
KrishnaNovember 24th, 2009 at 5:37 pm -
rachna said:
Ok so I am confused. Why is that. He does not qualify under RNOR nor is he resident. As an ROR(Resident and ordinarily resident) he is liable to pay tax in India on his world income.
November 24th, 2009 at 6:56 pm -
krishnas said:
Hello rachna,
There is a transitional status of Resident but not Ordinarily Resident (RNOR) between being an NRI and becoming a full-fledged Resident after returning to India permanently.
RNOR is a person who satisfies one of the following conditions:
a. he has been a non-resident in India in nine out of the ten previous years preceding that year, or
b. has during the seven previous years preceding that year been in India for a period of, or periods amounting in all to, seven hundred and twenty-nine days or less.
An RNOR is not required pay tax in India on his foreign exchange income.
Most of the NRIs will be caught by the requirement of stay in India for 729 days or less during the last 7 financial years.
Consequently, anyone who returns after 7 or more financial years of being an NRI will become RNOR for 2 years. Those returning after 6 years will become RNOR for 1 year only. This is subject to his stay in India during the previous 7 years for 729 days or less.
Thanks,
KrishnaNovember 24th, 2009 at 7:10 pm -
rachna said:
Sure I understand that. However in the case in question, Gaurav left India on Mar 2009 and returned in Oct 2009. But he came for visa renewal and vacation for 1 month. So he is employed outside of India for more than 182 days, however because of his vacation/visa renewal trip he has spent more than 182 days in India.
Anyway my situation is this:
I left India in Feb 2005. I returned back on Oct 15 2009. I was employed overseas. Now from Oct 15th to 31st Mar 2010, I would have spent < 182 days in India. However I also visited India on vacation in Apr 2009 for 1 month. If we include this 1 month as well, then my physical presence in India will be for more than 182 days.
I have 2 questions. For this financial year, will I be resident or non-resident(Will I have to pay tax on my overseas earning this Financial year).
If the answer is Non Resident, can you please point me to the relevant section/ruling that allows for not counting the days I spent on vacation in IndiaMany thanks,
You are very prompt in replying. Awesome.
November 24th, 2009 at 11:31 pm -
krishnas said:
Hello Rachna,
You can find the definition for RNOR here:
http://www.incometaxindia.gov.in/publications/2_TDS_On_Salaries/Chapter09.aspA person who is otherwise resident as defined above would be RNOR if he satisfies any of the following two conditions :
i) He has not been resident in India in 9 out of 10 preceding previous years.
ii) He has not be in India for an aggregate period of 730 days or more in the preceding 7 previous years.
When you come back to India, you will be resident only. But, the question is whether you are Ordinary Resident or Not-Ordinary Resident(NOR). For that you have to satisfy the any of the above condition. If you fail both the above condition, then you are resident.
hope you are clear now.
Thanks,
KrishnaNovember 25th, 2009 at 8:30 pm -
ADB said:
HI…WELL I HAVE A QUESTION, PLEASE SEE BELOW MY TRAVEL DETAILS CAN YOU PLEASE ADVISE ME WHAT TO DO TO MAINTAIN MY NRI STATUS I HAVE BEEN OVERSEAS SINCE 2005 AND HAVE FULLFILLED THE MINIMUM STAY OVERSEAS OBIGATION.
NOW SINCE I HAVE TO GET THE ADMISSION OF MY CHILD INTO SCHOOL. I NEED TO STAY IN INDIA FOR THE MONTH OF 24TH DEC TO 10 FEB. I THINK ILL BE SHORT OF 10~15 DAYS.
WHAT SHOULD I DO.
MY TRAVELL DETAILS ARE:
DEPARTURE FROM IND 17TH JUN 2009 38
ARRIVAL IN IND 26TH JUL 2009DEPARTURE FROM IND 21ST SEP 2009 42
ARRIVAL IN IND 03RD NOV 2009DEPARTURE FROM IND 12TH NOV 2009 42
ARRIVAL IN IND 27TH DEC 2009DEPARTURE FROM IND 05TH JAN 2010 09
ARRIVAL IN IND 15TH JAN 2010DEPARTURE FROM IND 15TH FEB 2010 44
ARRIVAL IN IND 01ST APR 2010PLEASE ADVISE.
TKS ANIK
December 8th, 2009 at 5:48 am -
vineet said:
Hi,
I came to USA for studies in sept 2008. From your post it appears I got NRI status from then itself. My question is
#1 Are there restrictions on the amount of money that I can remit when I start working?
#2 Are they taxable if remitted to my parent’s accounts. And is it better to transfer it to an NRE / NRO account or to my regular savings account in India through a bank wire transfer?January 1st, 2010 at 5:04 am -
sandeep said:
hi, i am a marine engineer and in this current year i have completed 175 days outside india, so now i am short of 8 days, for my nre status, and will have to pay income tax, can i visit countries like srilanka or bangladesh for 8 days as a tourist and finish my nri status, please reply. thanks sandeep
January 10th, 2010 at 7:45 am -
kunal chandra said:
hello sir,
my name is kunal chandra,a marine engineer.i have spent 182 days outside india,(excluding the date of arrival and departure date in india).i want to know whether i will have to pay tax.i have my nri status for the last 5 years. urs reply will be of great help to me. can i visit bangladesh for completing my nri days.
thanksJanuary 16th, 2010 at 8:32 am -
Rakesh Palla said:
I am working with UK based shipping company, residing in india. wages per month 5000USD. Wages goes to my NRE account every month (12 months)direct from company. 4 months on (in ship out side india) and 4 months off(at home india). so some times it is not possible to be on ship for more than 183 days in a particular financial year. In the next financial year ,possible to do 8months on ship.
1. Is this earnings taxable if i am not outside india for 183days in a financial year? how much?
2.If i have 183 days outside india for consecutive last 7 years…any exemptions…or does not make any difference?
3.Any special IT rules for seafarers? or any latest?thanks and regards
rakesh
4.January 17th, 2010 at 12:53 am -
Tony said:
Hello,
I have business in UAE and India also.. In both countries i have patnership in different company..In UAE I have Residence Visa with Partner status.. So let me know please, is it required to stay outside India more than 182 days to get NRI status ? is it required for business men? is it required stay abroad more than 182 days to get tax redumption & NRI status ? because i cannot find anything about NRI status of business man so please make topic about that…and also i have one NRI account and also joint account in india..So is it possible to continue in that joint account? I asked bcoz it is noticed in ur site that all bank accounts in india changed into NRI accounts.. so please give me a reply on these doubts please.. Thanking you…January 24th, 2010 at 12:19 am -
Capt B P leblond said:
Dear Sir
I am marine officer
1) I would like to know to maintain NRE status do i require to be out of india during the financial yeary for 182 days or 184 days
as some tell me 184 days and recently some one told me to be on the safe side i should be out for 186 day in the FY
2) and does the countdown starts from the date of departure or one day after the departure date
3) and salary certificate required should me made from the departure date or the actual joining day of joining the ship
4) Do i require to file my returns as i am maintaining my NRE statusThanking You
Yours faithfully
BryanJanuary 31st, 2010 at 5:10 am -
krishnas said:
Hello Capt B P leblond,
If you are NRI, then need to file the IT returns. If you are maintaining 182 days outside India, then you become NRI. It need not be continuous. You can come back to India and go abroad. Total days must be above 182.
Thanks,
KrishnaJanuary 31st, 2010 at 5:27 am -
krishnas said:
Hello Tony,
Yes. You have to maintain 182 days to become NRI. Also, if you have any account in India, it must be converted to NRO or NRE account.
Thanks,
KrishnaJanuary 31st, 2010 at 5:29 am -
krishnas said:
Hello Rakesh Palla,
If you are not maintain the 182 days, then you become ordinary resident. In that case, what ever income you have earned will be considered as global income and taxable in India.
Thanks,
KrishnaJanuary 31st, 2010 at 5:31 am -
krishnas said:
Hello kunal chandra,
You need not pay the tax.
Thanks,
KrishnaJanuary 31st, 2010 at 5:32 am -
krishnas said:
Hello sandeep,
yes. You can visit other countries and complete the NRI status.
Thanks,
KrishnaJanuary 31st, 2010 at 5:33 am -
RAJIV TRIPATHI said:
I am Indian and recently likly to visit China for 4-5 weeks and want to know basic of NRI as :
(1) How one can become NRI ?
(2) How to maintain NRI status ?Thanks
Rajiv Tripathi
February 1st, 2010 at 6:03 am -
Mukesh Sharma said:
Dear Sir
I am in Merchant navy. and completed 140 days outside India in this financial year 2009-2010
I was on medical leave for 37 days other than these 140 days
I am NRI since 1999-2000 except 2005-2006Can RNOR help me for tax purpose as it says you need not to pay tax if you are NRI for any 9 years in last 10 years
and is there any provision for medical leave as I was not able to earn during that time
Thanks and Best Regards
MukeshFebruary 1st, 2010 at 10:30 pm -
arpit said:
hello sir
iam in merchant navy and have completed 143 days in this fy and will leave india on 17th of feb 2010 but ill start earning from 25th feb2010 in that case will these days that is b/w 17th to the 25th of feb will be added to 143 days which i have mentioned above.February 10th, 2010 at 12:54 pm -
J.K said:
Dear Krishnadas
I’m in merchant navy.I’ve completed 172 days outside India this fin
year.I was in Indian company for 2.5 months for Rs.300000/month and already deducted 32.5% of my wages as tax.Later I joined a foreign registered company,earned USD8300/month, completed rest days out of 172.I m planning to visit singapore to complete my NRI status.
1.Do I have to pay tax from my USD wages if I’ve not complete 182 days.
2.Can I get back the tax paid If I complete 182 days.
3.What is Form 16 and its relevancePls Advice
J.k
February 11th, 2010 at 9:46 pm -
Jeremy Nirmal said:
Hi Krishna,
My Sister is a US citizen who has gone to India for a 6 month period in search of employment. Will she have to pay any kind of tax for staying there for a certain period of time or is she required to do this only if she actually starts earning? Please advice.Thanks
Jeremy Nirmal
February 16th, 2010 at 11:57 am -
Lokz said:
Hi Krishna
Nice artilcle and post comments. It did indded help me understand about taxation process for NRIs.
I went overseas in Jul 2009 and planning to return to India in Jul 2010. So if I have understood correctly, since my stay for 2009-10 FY is less than 182 so I get NRI status for 2009-10. So I will need to pay tax for my income generated in India for 2009-10.
When I return in Jul 2010, I will not get NRI status as my stay in India would be more than 182 days. So do I need to pay a tax in India on my income generated aboard for Apr-Jul 2010? If yes, is there a way to avoid double taxation? I would end up paying tax overseas and in India too.Thanks
LokzFebruary 17th, 2010 at 8:41 pm -
Lokz said:
Plz read “So I will need to pay tax for my income generated in India for 2009-10.” as “So I do not have to pay tax for my income generated in India for 2009-10.”
February 21st, 2010 at 5:14 pm -
ASHEESH said:
Dear Krishna,
plz tell me that whether the days of leaving and arriving INDIA are included in the 182 days period ( to gain the status of NRI) or not.
PLZ REPLY ASAP..
THNXFebruary 22nd, 2010 at 5:49 am -
Milind Goyal said:
Good day Krishna,
First of all thank you for the wonderful job you are doing.
I am also in the Merchant Navy.1) Do people with NRI status have to file returns. I have recently taken a home loan & purchased a property.
2) The 182 days that are required to gain NRI status should be acquired on board ship or does the time spent abroad for courses & holidays also count?
3)If for some reasons we miss out on NRI status in a year can we Opt for RNOR staus that year if the two conditions of 9 out of ten years & 7 Yrs (729 days in India) conditions are applicable and then revert back to NRI status the next year?Much apprecaite the work you are doing,
Thanking you once again,
Milind GoyalMarch 7th, 2010 at 6:10 am -
Sanjay Khare said:
Hello Sir,
This is Sanjay Khare working in abroad since july 2009 & I am paying tax in abroad. I will go back to inida july 2010. I would like to know what will be my tax liabilities in india in financial year of 2010 – 2011
Thanks if anybody will give the response with & according to the Indian Tax Regulation act.
March 24th, 2010 at 9:06 pm -
Dinesh said:
Dear Sir,
I left India on 10thOct 2009 & since then I am working In UAE. In Nov’09 I went for Family visit for 8 Days.
Further, I would like to know :
1. Am I taxable for what I have earned in UAE in current Financial year (FY2009-10) ?
2. If yes, My salary in UAE has break up of ( Basic & HRA ), the HRA/month = actual rent which I am paying to my landlord.
So do I need to just declare my Basic income as only income.March 25th, 2010 at 3:29 am -
anu mehta said:
hi
i m very confused actually i want to know about a web site on which i can add status of person who is a NRI and there is FRI against him in punjab police station as he has done a crime he has injured a person and now trying to go USA stealthly.plz tell me web site with which i can stop a person to leave punjab.its urgent.thanksMarch 25th, 2010 at 7:12 am -
sonalkumar y bansodkar said:
hi, i am a marine engineer, and i could sail out of india for 180+ days, and i may also earn money out of india.but, my company is indian.my doubt is if i make an allotment( send the money directly to my indian bank account) for my nri money, along with the money i earned in india, will tax be deducted on the nri money.thanx for replying.
March 26th, 2010 at 9:20 pm -
sumit said:
Dear Sir,
last financial year I have completed exactly 182 days of stay in india, I am working in merchant navy. So Do i qualify for being an N.R.I, bcoz if we use the income tax dept. defination vice versa i am outside india for 183 days. So which is correct stay in india should be less than 182 days or stay abroad should be more than 182 days , i am very confused plz help.March 27th, 2010 at 1:42 am -
manan gupta said:
Sir
I am working with Standard Chartered Bank since December 29. 2009Being the resident I paid advance tax for January – March 2010
My query is for the NRI status should I stay continuously for six months at Bahrain or I can stay for 60 days in India or 180 days during any any in a year. It is very confusing as I am getting different versions. I came to India for 5 days in Feb-March and again is coming in April for 10 days. As I was a resident during the previous financial year it won’t be counted. From April the new financial year is starting. Do let me know the correct number of days I can stay in India as my parenats are in India and I am their only child. Kindly reply on my email.
March 30th, 2010 at 4:40 am -
J MANDAL said:
Hello sir,
I am a merchant navy officer,working on foreign company, i ave been outside INDIA of 170 days of the financial year 2009-10. that is why i am unable to complete 182 days.so i am lack of 12 days .so i what is tax amount is liable for me for 12 days or zero return.?plz forward me.March 30th, 2010 at 8:47 am -
Arun said:
Hi,
I left for overseas employment in September 1998. Recently, I left my job and came to India in October 2009 after more than 11 years of working abroad. In between I was coming to India for short vacations, never exceeding three weeks in an year. I have made investments through NRE accounts in MF and others, all as, NRI. Now that I am India what are my tax liability and obligations regarding change of my status. I am 62 years. Besides this I have some money in foreign account. Do I have to bring it to India and declare it or can I leave it there.
ArunApril 3rd, 2010 at 12:41 am -
DJ Nair said:
Dear Krishna,
Thanks for your valuable article on NRI Status.
I have an outsourcing company in India and i am planning to register my company in Hongkong and open a bank account at HSBC Hongkong, so that i can ask all my clients to transfer the amount to my Hongkong account, instead of bank account in India.
Along with this i am planning to apply for resident visa in Hongkong so that i can have NRI status, and all the money what i earn will be exempted from tax. My questions are;
(1) Can i maintain NRI status, if I live 180 days in India, and leave to Hongkong for 2 or 3 days and come back to India?
(2) I have few clients in India. If they send payment to my Hongkong company account, will it be considered for tax as its comes from India?
If my above ideas are not practical, can you please give some advise?
DJ Nair
April 4th, 2010 at 2:57 am -
vikram said:
dear
i am a nri and my wife is a resident indian. Can my wife invest in Shares,mutual funds,postal schemes and banks out of the income i sent her to India. Whether she has to file tax returns. How can I avoid tax. Can I invest in Shares by routing my money to my resident indian bank account which i had before leaving India. Whether I can make any transactions in that resident indian bank account. pls give me the details. Thanks in advance.
April 8th, 2010 at 1:27 pm -
kumar said:
Hi
I left india on August 2005 and been working singapore I am PR and I have oppurtunity to come back to india to manage a offshore center for 2year and i would be in singapore role ( that is I will paid in singapore, my salary will go singapore Account and Tax and CPF contribution in Singapore ), Will I have to pay tax in india , if so how will it be computed.April 9th, 2010 at 1:14 am -
Pradeep said:
Hi
I worked in Abroad for continous 3 financial years.
2007-2008 earned say 5 lakhs in that year
2008-2009 earned say 5 lakhs in that year
2009-2010 earned say 5 lakhs in that year
2010-2011 – i dont know the job market and comapny may call back or may not call back.Say if i settle down in India for financial year 2010-2011 then should i pay tax for previous years income say ( 2007-2008 ) , 2008-2009, 2009-2010
Pl let me knw
Regards
PradeepApril 14th, 2010 at 6:23 am -
Soni said:
Hello krishna,
I am currently a resident of UK and plan to continue working here for uncertain period of time.
I was working in India till Nov 2008 and then left India to work and stay in UK for indefinite period. I got employed in UK in Jan 2009 and have been paying due taxes to UK government on the salary earned here since then.As per the income tax act of India, i am still a resident for financial year 2008-2009 (more than 182 days stay in India).
My question is, for filing the IT returns in India for 2008-2009, do i have to include the salary earned in UK for the period jan 2009-mar 2009?
If yes, is there a way to avoid paying double taxation?I would greatly appreciate if you could reply to this query if mine.
Thank you very much,
SoniApril 14th, 2010 at 6:47 pm -
Ashwin Kute said:
Sir,
Thanks for the nice info. I just want to know whether one has to continue filing retuns in India as Nil incme for the duration of absence from India while earning outside. I came to UAE in Jan 2009 and still working in UAE. I had filed my IT Return for FY 08-09inJune 09 but for FY 09-10 there is no income from India even then do I have to file the return or inform them or what.Or I only have to discontinue now and only start filing returns only when I retutn to India and start earning there, Please clarify. I shall be gratefull.
Thaks
Regards
AshwinApril 29th, 2010 at 2:48 am -
Rana said:
Hi Krishna,
since last 4 years i am living in singapore and coming back to india this may. I want to ask the income earned by me in april in singapore will subject to be taxed. If not from when my income earnings in singapore will be subjected to tax in India.Regards.
April 30th, 2010 at 9:40 pm -
Ravi Mehta said:
I want to know is it compulsory to stay abroad for continuously 6 months to open NRE account or get NRI status.
May 15th, 2010 at 3:50 am -
rajesh christian said:
my tenent & family member Migrat USA 2006 till date stay in USA
They reived Greencard / permenant Recedent Card. how prove
that NIR status.May 28th, 2010 at 4:52 am -
VANDANA MISHRA said:
Dear
My sister is getting married to a person who has stayed in US for 13years and has come back to India last year. He wants an early marriage we have a doubt of his intentions for such an early marriage. Any risks or points to be kept in mindJune 16th, 2010 at 9:22 pm -
A.Muthusamy said:
I came abroad last year 25 th of August 2009. Now I planning to go to vacation during 1st September 2010. Is it my status as NRI and affect any tax for me ?
June 23rd, 2010 at 7:25 am -
krishnas said:
HI Muthusamy,
For the financial year 2009-10, you are considered as NRI because you have spent more than 182 days abroad. Coming for vacation will not affect any tax.
Thanks,
KrishnaJuly 11th, 2010 at 1:45 am -
krishnas said:
HI VANDANA MISHRA,
It is good if you can talk to that person why he needs the early marriage.
Thanks,
KrishnaJuly 11th, 2010 at 1:46 am -
krishnas said:
HI Ravi Mehta,
No. It is not required to be 6 months. At the moment you are leaving India, you will get the NRE account.
Thanks,
KrishnaJuly 11th, 2010 at 1:47 am -
naresh kumar said:
sir,
i am in merchant navy, with a singapore based compony, earning in usd…. should i complete 182 days outside or i am exempted from tax for less than 182 days.July 17th, 2010 at 12:25 am -
Saurabh said:
Krishna,
I am in merchant navy, sailing since 2004,
I am sailing in a foreign based shipping company and getting my salary in USD remitted to my NRE a/c in india.
I have been maintaining my stay out of india for more than 182 days in every finacial year since 2004 except for FY 2007-2008.
Below is theyear with no of days i have stayed/sailed outside india.
2009-2010 : 217
2008-2009 :248
2007-2008 : 114
2006-2007 : 223
2005-2006 : 269
2004-2005 : 235Before this i was studing in India,
So far i have not filled /paid tax in india
Please advise if i need to pay tax now?Thanks & Regards,
SaurabhJuly 19th, 2010 at 12:50 pm -
Abhijit said:
Dear Krishna,
I am a marine officer working with a Mumbai based shipping company. For FY 2009/10 I was out of India for 184 days. My company in their records shows me as a freelance consultant and my wages were deposited in my Resident S/B A/C in India after deduction of 10% TDS. My earnings for FY 2009/10 will be around INR 2million
Do I qualify for NRO status or do I require to pay Tax?July 19th, 2010 at 11:32 pm -
Ankush said:
Hello Mr. Krishna
CAN YOU PLS CONFIRM ME THAT IF I MAINTAIN MY NRI STATUS FOR TWO CONSECUTIVE YEARS THAN UNDER RNOR STATUS, AM I ELIGIBLE TO TAX EXEMPTION FOR NEXT 8 YEARS. I AM A MARINE ENGINEER WORKING IN UK BASED COMPANY, SAIL ONBOARD THEIR SHIPS IN EUROPE.
THANK YOU
July 30th, 2010 at 12:22 pm -
mithun said:
I am in Merchant Navy.. I have been investing in stock market from 5 years througha demat account linked to normal indian savings account ( not an NRE/NRO a/c) So, Is it illegal to do so as per IT act. I have been trying to open a demat account linked to NRO account. Somehow, address proof seems to be a biggest concers. As a seamen, how would someone expect me to show an overseas address proof in order to open a demat account….? This is really bothering me for long time.. pls help..!
August 17th, 2010 at 9:23 am -
jose.m.g said:
dear sir,
pl. advice me about my nri status and tax benifit.
Iam working in UAE since January 2008 and completed NRI status for the financial year 2008- 2009, but my job will be completed on september 2010. I was on vaccation for 18 days in the month of jullly 2010. Most probably Imay be demobilsed on 30 th september 2010. You are requsted to advice me about my NRIstatus and tax benefits.for the last seven years I was in abroad, and I got NRI status also.
(FROM 2003 TO 2010 september).August 22nd, 2010 at 3:39 am -
Rana Mukherjee said:
I would love to know the reason behind NRI not subjected to pay tax on foreign income if stays outside country 182 days.
What exact the reason for 182 days specification?
This inquiry comes out of quest for knowledge, when and how this rule was implemented in our country constitution. Basically the history of Income Tax and NRI etc etc
August 26th, 2010 at 8:47 am
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