I am working in a foreign ship (Shell Co , UK). As per the contract I shall join duty as and when the company requires and i shall be paid salary in US dollars even when i do not work. The salary is paid through their agents in Kochi, Kerala.During the financial year 2007-08 i was in India. During the financial year 2008-09 i will likely to be in India for more that 182 days. Kindly help with regard to the following.
what will be my residential status?
Whether the amount which i receive in US dollars as salary when i am in India is taxable?
20 September 2008
Priyaji you will be resident for the financial year 2008-2009.According to income tax salary is taxable in the country where the employee is giving his/her service.Since you were in India for more than 182 days during the period and moreover you had received salary in India.It will be taxable under Indian Income Tax.