Income tax

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rohit (Querist)
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03 August 2014 if my cousin sumit take shri Lanka citizen ship.then he will be liable for income tax or not. residential status be resident and that's employer are Hong Kong co. income received outside india..pls urgent replay....

ALOK GOEL

ALOK GOEL (Expert)
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05 August 2014 Your question is not very clear.

Please note that to get tax exemption fully on foreign income , the person need to be an NRI ( with staying in Foreign more than 181 days)

Residential status if Resident Indian then all amount is taxable.

It income received outside India and UR NRI then only all is non-taxable.

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