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?
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.
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?
CAclubindia
