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income tax calculation

167 views 3 replies

Bunty

123

45 Points Joined February 2012

hello experts my friend is in singapore from july and want to file ITR.
in this case should i file ITR as resident person or NRI.
he is there for study and have foreign account in which he receive so payment from university

thanks in advance

Replies (3)

Dhirajlal Rambhia

SEO Sai Gr. Hosp.

208750 Points Joined July 2016

For income tax purpose......... he is Resident, Ordinery Resident.

A student going abroad for the first time will be an NRI if his stay in India during the fiscal year is less than 60 days.

The same will be the situation next year and subsequent years until he ceases to be in India for at least 365 days out of the preceding four fiscal years.

While his forex income --- stipend, fellowship, fees from moonlighting assignments, etc. -- is tax-free in India.

https://rbi.org.in/scriptttts/NotificationUser.aspx?Id=2763&Mode=0