We all know that taxes collected from citizens are the foundation of the Indian economy. NRI taxation under the Indian Income Tax Act, 1961 applies to those earning income outside the home country. The income tax rules and perks allowed to them are drastically different from those applicable to resident Indians.
Salaried people get Form 16 which gives information of salary earned and advance taxes paid. Besides the basic salary there are other components being benefits which are wholly or partially taxable. Further, there are tax saving options like eligible investments under SEC 80C , donations made etc.,
Note: You are required to upload Form-16 and Form-26AS (mandatory) to get a Expert assigned on your order. We request to upload these documents within 24hours of plan purchase to help us assign a Expert and file your returns on time.
Tax filing for individuals with capital gains, ESOP or salary arrears.
E filing of form 10e.
Expert Assisted Tax Filing.
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Salaried Employees with ESOP in domestic companies.
Salaried Employees/non salaried individuals with Capital Gains from Property/Stock.
PSU Employees with salary arrears under OROP, 6th Pay. Commission
Passport no/ Tax Identification no of country of residence.
No of days stay in India during FY21-22
No of days stay in before FY21-22
"Non-Resident" is a person who has not been residing in India for a specified period of time. The Residential Status of an individual in a given year determines whether the
Types of Non-Resident
Under Income Tax Act 1961, non-resident is broadly classified under the following three heads:
Non-Resident Indian/Person of Indian Origin
Other Non-Resident Person.
individual is Resident or Non-Resident for the year.
Residential status of an individual is determined on the basis of the number of days an individual has physically stayed in India. Residential status has nothing to do with the nationality or domicile of an individual.
It may also happen that an Indian, who is citizen of India, may be a non-resident for Income Tax purposes in a particular year and an American citizen may be resident in India for Income Tax purposes in a particular year.
Income Tax Act, 1961
Foreign Exchange and Management Act, 1999(FEMA).
The term “Non-Resident Indian” is defined differently under both the Acts, however one needs to understand that for the purposes of Income-tax, the FEMA Act holds no relevance and you just need to confirm to the provisions.
So as defined above, “a non-resident is a person who is not resident in India”, therefore we need to understand who is considered as Resident in India.
You are considered as “Resident in India” for a financial year
If you were in India for a period of 182 days or more during the Financial year; OR
If you have stayed in India for 60 days in the financial year and for a total of 365 days in the preceding 4 years.
Most of the support and assistance is offered over email. You can always schedule a phone call / Skype call with the Expert at a time that’s convenient to you as per your time zone.
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