TAXABILITY OF NRI INCOME
This query is : Resolved
16 November 2009
MY FRIEND IS RESIDING AT DUBI SINCE 1ST APRIL 2009 AND EXPECTED TO RESIDE THERE CONTINEOUSLY. HE WAS APPOINTED BY AN APPOINTMENT LETTER ISSUED BY MULTINATIONAL COMPANY FROM DUBAI. WILL HIS INCOME BE TAXABLE IN INDIA IN THE ASSESSMENT YEAR 2010-11. PLEASE STATE SECTION UNDER WHICH HIS INCOME IS TAXABLE/EXEMPTED IN INDIA.
I WANT TO KNOW TAXABILITY ACCORDING TO HIS STATUS IF HE RESIDES DURING ENTIRE FINANCIAL YEAR AT DUBAI i.e. STATUS AND TAXABILITY. THE DETAIL REPLY IS REQUESTED
I WANT TO KNOW TAXABILITY ACCORDING TO HIS STATUS IF HE RESIDES DURING ENTIRE FINANCIAL YEAR AT DUBAI i.e. STATUS AND TAXABILITY. THE DETAIL REPLY IS REQUESTED
16 November 2009
The income liable to tax in the hands of an assessee is determined on the basis of the residential status.For finding out that status pl refer section 6 of The income tax Act,1961.
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