hello
in one of my client company there is a 3 director of which one is residing abroad for last 8 years. all directors are in same family. the person who is nri,his account, bank was operated by the relative. his income tax return also file in india as a resident. because ha has a interst income and speculation income in india.all the transaction made in the names of the person. tds also deduct as a resident person. all payments made in indian currency.
1 my question is whether it is correct to show him as resident person.?
2. what is the treatment of transcation made to him.
3 the company is pvt ltd in which he has shareholding more than 20% and he has a director in that company.
4. can i in this year shows him as non resident and file his return accordingly.
5. all the provision of non resident apply or not
pls reply as soon as possible
thanking u
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Non resident payment