Naresh Patel (C.A. Final) (144 Points)
19 December 2012Freinds,
My client is doing the job in muskut, and he earns Rs.1,00,000/- pm as salary and he also receives the salary statement and no any amount deducted from such amount, like PF, TDS..etc.
Salary is deposited in his NRE A/c.
Whether he would be liable to pay tax in India, if he is stay in India for more than 182 days or more.??
What would be if not stayed for 182 days in India???
Please reply as your earliest..
CA Goutam Sharma
(Chartered Accountant in Practice)
(468 Points)
Replied 19 December 2012
such income is hit by section 5 (2) a, ie income deemed to be received in India and definately its chargeable to tax. No matter that interest on such account is exempt from tax
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 12 June 2013
The stay of india shall decide the taxability of income received in NRE account.
Anuj
femaquery @ gmail.com
shiv shankar rawat student CMA
(Manager)
(263 Points)
Replied 12 June 2013
Dear Naresh
If any income received in india or deemed to be received in india , that time TDS Will be deducted
Rgds
S.S.RAWAT
CAclubindia
