NRE A/c of Resident
This query is : Open
01 August 2017
My client is a seafarer working in Merchant Navy. In FY 14-15 he was NRI. In FY 15-16 he stayed in India for more than 182 days. In that year of FY15-16 he received salary in NRE A/c of Rs. 20 lacs. He has not yet filed the return of FY15-16. Now my question is is he liable to pay tax on salary received in NRE? Beacuse if tax payable then he will hve to pay huge taxes.
01 August 2017
During FY 2015-16 your client is a resident and therefore all income earned has to be reported and taxed in india.
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02 August 2017
Thank you sir
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