New Residential Status Rule For The Indian citizens Who Are A Crew On An Indian Ship
Posted on October 01 2020
Share:
961
The CBDT has issued a notification whereby there is a new rule for residential status of the Indian citizen who is a crew member of an Indian Ship.
As per the rule –
·The number of days of staying in India for such person shall not include the days from the start date of the Continuous DischargeCertificate and ending on the end date of this document, as signed off on this document.
·Continuous Discharge Certificate should be as per the Merchant Shipping (Continuous Discharge Certificate-cum-seafarer’s Identity Document) Rules, 2001 made under the merchant shipping act, 1958.
· This Continuous Discharge Certificate should be for a voyage, which is originated from any port in India and has its destination at any port outside India or which is originated from any port outside India and has its destination at any port in India.
This rule has been made efficient retrospectively from the 1st April 2015. So, this new rule is applicable for finding out the residential status of Indian citizens as crew on the Indian ships starting from the financial year 2015-16.
Such crew is considered as Non Resident Indian (NRI) for the income tax purposes, when they have spent less than 182 days in India. While calculating the stay of 182 days then the entire period mentioned in the Continuous Discharge Document should be exempted. Even though the ship was on the Indian coastal waters in its journey. Earlier, the numbers of days outside India were only calculated from the date the Indian ship left the Indian coastal waters.
Any Indian citizen as crew on a foreign ship is considered as Non-Resident.
Tax Assist is a professional income tax consultancy in India for both corporate houses and individual tax payers; the latter comprising Salaried Individuals, Seafarers, Professionals and Non Resident Indians.
With the help of Tax Assist and its team of income tax professionals, taxpayers can minimize their Income Tax liability, maximize their net income and create opportunities to save for current and future needs while maintaining proper accounting standards and income tax returns which are compliant with the Law.
initiative
Customer 1st
1 stop solution
Security
Trust
Values & Ethics
Peace-of-mind Guaranteed
Categories
Comments (0)
Write a comment
Your email adddress will not be published. Required fields are marked