Category Archives: Non Resident

Residential Status

myITreturn

The residential status under Income Tax plays a vital role for considering taxation of certain incomes. It has no nexus with citizenship of India. The residential status of an assessee is determined on the basis of tenure of his stay in India during the Financial Year. There are 3 types… Read more »

Taxation of Non-resident Indians (NRIs)

myITreturn

Find out your Residential Status- Taxpayer is treated as Resident in ┬áIndia if: 1) He was in India at least for 182 days during a current financial year, OR 2) He was in India at least for 60 days during a current financial year and also he was in India… Read more »