Tax Professional and in Service
1795 Points
Joined June 2009
DEAR FRIEND,
FIRST, ASSESSEE'S RESIDENTIAL STATUS IS MOST IMPORTANT FOR TAXABILITY IN INDIA. IF THE PERSONS GOES OUT OF INDIA FOR EMPLOYMENT AND HE DOESN'T RESIDE IN INDIA FOR 182 DAYS OR MORE DURING THE RELEVANT PREVIOUS YEAR, HE WILL BE NON RESIDENT AND AS SUCH INCOME ACCRUES, ARISES AND RECEIVED, OUT OF INDIA WOULD NOT BECOME TAXABLE IN INDIA.
IF INCOME ACCRUES OR ARISES OR RECEIVED IN INDIA, THEN IRRESEPECTIVE OF HIS RESIDENTIAL STATUS, HE IS LIABLE TO INDIAN INCOME TAX AND FILE RETURN ACORDINGLY.
PERSON HAS REMITTED HIS INCOME TO INDIA DOESN'T MAKE AN INCOME ACCRUES IN INDIA. REMITTANCE IS LIKE AN TRANSFER AND THE SAME CANNOT BE CONFUSED WITH ACCRUAL OF INCOME.
REGARDS,
MANOJ