NRI TAXATION

This query is : Resolved

vinod (Querist)
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04 February 2009 I WANT TO KNOW WHETHER A PERSON WHO IS NON- RESIDENT IS REQUIRED TO OBTAIN PAN NO AND FILE A RETURN IN INDIA IN CASE OF INCOME TO BE RECEIVED BY HIM FROM A PRIVATE COMPANY TO BE FORMED IN INDIA IN WHICH HE IS PROPOSED TO BE A DIRECTOR ? HE IS ALREADY FILING HIS RETURN IN US IS THERE ANY OPTION AVAILABLE

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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04 February 2009 Yes for the income received or accrued or deemed to be accrued in india is taxable in india. Therefore he has to obtain Pan and file necessary return of income

CA Devanshi Gandhi (Ajani)

CA Devanshi Gandhi (Ajani) (Expert)
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18 March 2009 i support the expert

taxindiaconnect

taxindiaconnect (Expert)
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27 April 2009 IN your query it has to be clarified first that what kind of income the director is supposed to get here in India. for example salary income or director fees divident income. The opinion may be different in differant situations. Suppose the director gets the director sitting fees only which is lower then the threshhold limit for filing of Income tax return in india, there is no need to file a return. thus there may e various situation specific replies to this query. Please explain the facts further.

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