2006 2007 F. Year I stay 144 days abroad. I have NRI a/c. any IT will be pay or not at India Govt.?

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2006 2007 F. Year I stay 144 days abroad. I have NRI a/c. any IT will be pay or not at India Govt.?

2007-03-13 02:33:59 · 2 answers · asked by dipak672000 1 in Business & Finance ➔ Taxes ➔ India

2 answers

Whether or not you continue to have an NRI A/c, if you stay out of India for more than 182 days in a relevant financial year, only then you get the status of non-resident for Income Tax purposes in India And your tax liability is determined accordingly. Anything you do in violation of these provisions, you are liable for penalties and other actions.

2007-03-13 03:10:17 · answer #1 · answered by helpaneed 7 · 1⤊ 0⤋

see the rules for residential status of a assessee according to sec 6 of IT act 1961

2007-03-13 13:12:05 · answer #2 · answered by Anonymous · 0⤊ 0⤋