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Tax residency in India

Posted @ August 19, 2014, 7:49 am under (Expat Taxation Services)

The Indian fiscal year runs from 1 April to 31 March.

An individual is liable to pay taxes in India based on his/her tax residency during a fiscal year. Tax residency is dependent on the stay of the individual in India, irrespective of the purpose of such stay. An individual can be a Resident and Ordinarily Resident (ROR), Resident but not Ordinarily Resident (RNOR) or Non-Resident (NR) in a year.

If an individual arrive in India for the first time, he will be NR/RNOR for the first two fiscal years. Generally, a person who spends more than 181 days in India during a fiscal year and more than 729 days in India in the previous 7 years will be an ROR for that fiscal year. The tax residency of an individual will determine the scope of income liable to be taxed in India. 

 

 

 


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