Taxable income

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This query is : Resolved

Jay Kocheta (Querist)

13 September 2016 Hello Everyone,

How should I compute income of a seafarer?
Income is more than 15 lacs, stay period in India during previous year (FY 2015-16) is more than 182 days, however during A.Y. 2015-16 (FY 2014-15) stay period in India was less than 182 days.

Is he falls in 60 days stay period?

Unnikrishnan B

Unnikrishnan B (Expert)

13 September 2016 In my opinion in FY 2014-15 .if the person who is indian citizen leaves India for work as crew of Indian ship then in that FY only 182 days is computed.

Condition( b) 60 days is not applicable

Jay Kocheta

Jay Kocheta (Querist)

13 September 2016 The person was not a member of Indian ship, he was working on contract basis and moving from one ship to another and mostly on foreign going ships. The payment which he was receiving should be considered as salary or other sources income as he was working on contract basis that last only for one year and gets renewed every year.

Unnikrishnan B

Unnikrishnan B (Expert)

13 September 2016 Then 60 days is applicable.in your case even if it is on contract basis the person is under the control and supervision of the employer.
So it comes under the head of salary

Jay Kocheta

Jay Kocheta (Querist)

14 September 2016 Thanks,
Are there any exemptions/deductions available specifically to seafarer's on earning this income?

Unnikrishnan B

Unnikrishnan B (Expert)

14 September 2016 In my opinion if it is salary no expenses can be deducted for earning this salary. Normal deduction u/s 80 C to 80 U is allowable

If the person is independently doing it as contract work then expenses incurred to him relating to it can be deducted
I hope it is clear

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