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Query on Taxability of Income based on Residential Status

Tax queries 439 views 2 replies

Ramesh

Managing Consultant

34 Points Joined April 2011

Hi Friends,

Needs your suggestion and advise on how save Tax in the following scenario : -

1. I will leave India on 3rd Oct 2011 for US for long term exployment on H1 visa

2. I've never gone ouside india before.

Is there any way to avoid becoming orinary resident ( to save tax payable in India on foreign income) as my stay during PY 2011-2012 wud be 185 days which is more than 182 days as per IT Act.

Pls dont suggest abt DTAs , I do not want to go into those complications.

Thanks in advance for your reply.

Regards

Ramesh

Replies (2)

Yeshwanth

Chartered Accountant

145 Points Joined January 2009

There's a way for it !! If you are financially sound, you can go to the nearest foreign country (say Sri Lanka) stay there for 4 days and then return to India!... Your problem is solved. You then become a Non resident!.....