Can you please help me with my residential status and tax liability for FY 23-24?
I left India on 26th Sept'22 on Tourist Visa for self-employment purposes and got visa converted Inside country (UAE) to Virtual Work Visa. Approved on 5th Oct'22.
Will there be any Issues because I came on Tourist Visa and then converted my Visa to Virtual work visa? I had to come on Tourist visa because there were visa processing Issues from India. Total 190 days in UAE, 15 days on tourist VISA and remaining 175 days on Virtual Work Visa. I was in India for 172 days.
Will I be NRI? 0% tax IN UAE and Indian Income is >=15L or will I be RNOR Deemed Resident? If RNOR, will my foreign Income be taxed because my profession is same but no longer continued from India.
07 April 2023
You will be considered as gone outside India for employment. You will not be considered as deemed resident. Your foreign income will not be taxed in India.
07 April 2023
Thank you sir. Will It be an Issue I left on Tourist visa and then converted VISA Inside country? I am asking because first 15 days were on Tourist visa and rest 175 days on proper visa. Proper work visa approved on 3rd October
07 April 2023
Thank you for your reply sir. 2 more questions if you don't mind please.
I have gone to continue my existing work as I am self employed. Will this be covered?
As per new section From the financial year 2020-21, Indians who have total income (from other than foreign sources) of over Rs 15 lakh during a financial year are considered to be of deemed residential status in that year if they are not a tax resident of any other country. Those considered deemed resident will be considered as RNOR.
Will I be RNOR because I am not liable to tax in UAE. If RNOR, is foreign income going to be taxable? Business or profession is not controlled from India.
CAclubindia
