Residential Status Of An Indian Ship Crew
Posted on October 01 2020
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The Income Tax Act has laid down a simple definition for the residential status for a member of a crew of an Indian ship who leaves India during the year.
Such a person should be considered as Resident when he is in India for at least 182 days. Therefore, when this person spends less than 182 days in India in a year for that particular year he/she will be considered as an Non Resident.
If a seafarer or a sailor satisfies the condition mentioned above and is a Resident in India in a particular year, the entire income earned in that particular year of such a person is taxable in India. Even though his salary for the particular year can be credited in the NRE account then it will be taxable in India.
In case Income (before giving any deductions under section 80) is less than the minimum exemption limit of Rs 2,50,000 then no tax will be payable. If Income is more than the minimum exemption limit of Rs 2,50,000 then the income tax is payable and a Return should be filed.
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.
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