24 January 2011
I AM COMING FROM DUBAI PERMANENT BASIS IN INDIA. AT PRESENT YEAR I ENJOYED RESIDENT STATUS WHAT IS PROCEADURE FOR FILLING OF RETURNS IN INDIA AND TAXABLITY OF INCOMES AND AMOUNT REMITTED IN INDIA.
25 January 2011
amount remitted from abrod earned when you enjoys the NRI status all incomes generated from application of amount remitted is taxable even at a time you are NRI as per income tax. But NRI given prvilages for special rates of taxes and special exemptions
as per wealth tax act all money or assets brought by the money or kept at bank a/c is exempted for wealth tax for 7 consecutive years from the date on which you returns to india.