amit arun associates
Home Contact Us Site Map
Home about us Latest News Contact us

Fixed Assets Verification Services

Payroll Processing Service

Employee Benefit Administration

Tax Consulting

Foreign Direct Investment

File GST & E-TDS Returns

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. 




Website Designing  Company Image Map
Contact us Disclaimer Privacy Policy Site Map