08 August 2017
Case Details : Assessee is NRI and is out of India for employment on ship. The shipping company is a foreign based company having its registered office in Mumbai
Query : a) What are the taxability provisions ? b) Is the assessee liable to file ITR in India ? c) If the assessee transfer amount to his mother/brother account,what will be the taxability provisions ? d) If the assessee can invest in India? What type of investment can be made?
10 August 2017
are you saying NR(e) account OR NR(o) account? There are cases where it was held that if foreign company deposits salary in India bank, the salary is deemed to accrue and arise in India and hence taxable in India. So???? be very meticulous and specific in wording of your query.