NRE A/c of Resident
This query is : Open
CA. Abhishek A. Sawant
(Querist)
01 August 2017
My client is a seafarer working in Merchant Navy. In FY 14-15 he was NRI. In FY 15-16 he stayed in India for more than 182 days. In that year of FY15-16 he received salary in NRE A/c of Rs. 20 lacs. He has not yet filed the return of FY15-16. Now my question is is he liable to pay tax on salary received in NRE? Beacuse if tax payable then he will hve to pay huge taxes.
K Srinivas, CMA CS
(Expert)
01 August 2017
During FY 2015-16 your client is a resident and therefore all income earned has to be reported and taxed in india.
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CA. Abhishek A. Sawant
(Querist)
02 August 2017
Thank you sir
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