The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>India Taxes

How to calculate NRI status?


I am working outside India. i go on a contract basis. i came back to india on 14th june, i.e. i landed in India on 14th june, now i want to know, on which date should i fly back in Dec'07 so that i still maintain my NRI status. I know that one should spend 182 days outside india so as to have a NRI status, but the only confusion is whether these 182 days are counted from the day you fly from india and include the day you land up in India or not. please help. i will be very greatful and thanks in advance

To be on safe side, please leave India on 11th Dec.07. To be on safe side I am calculating the day you landed 14th June and the day you are leaving 11th Dec. is also taken as your stay in India for the purpose of 182 days.

June-14th (=30-14=16+14th June =17 days)
July= 31 days, Aug=31, Sep=30, Oct=31, Nov=30+ 11 days in Dec. (Including 11th Dec.). Total days=181 days. So you stay will be just 181 days.

http://www.tlca.com/adults/nri.html

http://www.cgijeddah.com/cgijed/COMM/NRI...

Tags
  United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes   Germany Taxes   Canada Taxes   Australia Taxes   Small Business
Related information
  • I am doing a online business and want to save tax on it?

    You are working in India. You are an NRI. But it seems you was a NRI before. OK? When you are in India and earning in India, you have to pay tax to Indian Income Tax department. You have to sh...

  • Under which section service tax for the contractor is come?

    194 C

    ...
  • What are the benefits of tax heavens?

    No income tax......... More private companies and foreign companies comes.........so high employment, good infrastructure, good purchasing power, etc.

    ...
  • I'm Individula IT holder?

    yes. assuming 12 emi are paid thru you in this financial year. claim 4000*12 = 48000 in 80c whereas 7500*12 = 90000 as negative income from house property . overall total 48k+90k = 138000...

  • I Lost my PAN card and i don't know what is it's number?

    Singhvi's answer is 100% correct. Actually I wanted to answer the same matter. In case if you fail to obtain your PAN number in this way, then try the following methods. In addition, try ...

  • Can one repot the profits on the sale of land in 2006, on tax retun of 2007 1040, in 2008?

    No, if the sale was in 2006, it has to be reported on the 2006 return (filed in early 2007). If that wasn't done, you need to amend your 2006 return to show it.

    ...
  • What is last date 2 start industry in industrially backward 123 district to avail income tax benifit u/s 80 IB

    As per subsection 4 of 80-IA , the last date on which deduction can start from is 31 /3/2004 . Read the subsection (4) The amount of deduction in the case of an industrial undertaking in an ind...

  • My existing pay is 10275-275-15000.what will be my pay in sixth pay commission.?

    if u are a government servant, u should know the procedure, why ask others. u should be aware that such information cannot be made public till the time the commission submits its report to the gove...

  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster