Vikash Agarwal (Articled Assistant) (28 Points)
07 December 2009a person who is Indian citizen, is residing in Nepal and doing his business there. he earned his income in Nepal. he came to India for 1 mnth. i want to know the taxability of his income in India. is it taxable according to sec 6 or there is any other law................
Yeshwanth
(Chartered Accountant)
(145 Points)
Replied 26 December 2009
A person whether a citizen of India or not becomes a resident of India if and only if he resides in India for more than 182 days during the previous year or for more than 60 days during the PY and 365 days during the preceding 4 PYs. So in your case, the person has been in India only for one month, and the source of Income is also not from India. Hence the income earned from Nepal is fully exempt from tax.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
CAclubindia
