Residence status for taxation

This query is : Open

Amol (Querist)
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03 February 2013 Hi,

I work with the IT company and I am presently on deputation in US.
1. In Financial year 2012-2013, I stayed in India till 25-NOV-2012 and after that I moved to US. During this time, I have income arising out of my India salary, profit from stocks and US salary (I receive part of my US salary in India). What will be the tax treatment in India?
2. In financial year 2013-2014, I will be staying in US from 01-APR-2013 to 31-DEC-2013. After that I will work in India for rest of the 3 months in financial year. What is the tax treatment in India in this case?

Regards
Amol

Ranjan Dayal

Ranjan Dayal (Expert)
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04 February 2013 Dear Amol
Hi
As per details, your residential status for both the financial Year is Resident in india and accordingly your Income in both the financial year will be taxable in india.

CA. Anuj Gupta

CA. Anuj Gupta (Expert)
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09 February 2013 Here with proper planning the status of NRI can be availed for 2013-14.

Anuj
Femaquery@gmail.com

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Amol

Amol (Querist)
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10 February 2013 Thanks for your replies. But I still do not understand residential status for year 2013-2014. I am going to stay in India for less than 182 days. Does not that make the residential status as NRI? Am I missing something here?