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
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