Taxable or exempt
Sini (Student) (144 Points)
17 June 2014
Is the income of assesse who s part of the crew in foreign ship taxable? he earns in USD.
Saurabh Maheshwari
(B.com,ACA)
(5923 Points)
Replied 17 June 2014
If he is resident the it is taxable in India ...As per Sec 5 - member of crew will be resident only if has been staying in India in PY for 182 days or more
(Pls note-the alternate condition(365 days in 4 previous PYs and 60 days in PY is not available to member of crew leaving India...)
Tribhuvan Aditya Singh
(Student as well as Self-employed)
(3710 Points)
Replied 17 June 2014
CAclubindia
