IS NRI INCOME IS EXEMPT
This query is : Resolved
30 December 2009
AN INDIAN RESIDENT WORKING ABROAD RECEIVING INCOME DIRECTLY IN AN INDIAN BANK, IS HIS INCOME IS EXEMPT u/S10(6)(vi).RESIDENT IN INDIA FOR LESS THAN 90 DAYS.
30 December 2009
Any Non resident working abraod and receiving income in India, however staying in India for less than 90 days in a year is exempt for paying tax to the extent of income earned abraod even if received in India, since he is a non-resident in India for that assessment year, and or relevent assessment year.
30 December 2009
I agreeds with the above view.......If the assesse status is NRI as per tax laws and receiving the income in NRI Account maintained with the bank , it is exempted
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- RELATED TO TRIBUNAL APPEAL
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- Sec 44ada applicable only or both
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- GST Rate for Catering Services
- Can we choose not to report losses in ITR3 if they cannot be carried forward?
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
