Tax implication on go abroad for employment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 December 2016 Sir my name is chetan. I left India for EMPLOYMENT. And do job out of India. I have stay in India only 50 days during previous year 2015-16.i have NRE bank account in SBI. And i have bank account in India and do RTGS and NEFT of rs.500000 in Indian bank PNB from out of India. I want suggestion on following points.
1. What will be tax implication on me in India.
2. Whether I will be ROI or NRI.
3. Whether I should fill income tax return in India and pay income tax.
4. I don’t pay any tax out of India.

CA SUNIL K GARG

CA SUNIL K GARG (Expert)
Follow

10 December 2016 1. As the period of stay during the previous year is less than 182 days, then individual is NRI.
2. If he transfer the amount of rs 500,000 to his pnb saving account that it is exempt from tax provided that he has pay the tax or exempt income as per the provision of the applicable income earned country.
3. He is not required to file return of income

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2016 ca sunil sir..
m totally agree with u r suggestion. but i have deposited rs.500000 in my indian pnb bank directly from abroad. not through NRE account. as per section 5. its mean income accrued outside india but received in india. than it should be taxed in india.

Upgrade to CAclubindia Pro. Subscribe Now!

CA Suresh Jain

CA Suresh Jain (Expert)
Follow

11 December 2016 It does not matter even if you transferred amount directly to your NOn- NRE account

Querist : Anonymous

Querist : Anonymous (Querist)

11 December 2016 Its mean if a nri deposited money in his indian saving account From abroad . it will not be treated as his income and will not be taxed in india. And also not required to fill income tax return.