Need suggestion on NRI status and Income Tax in India.
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A friend of mine is in Merchant Navy and was maintaining NRI status from last 7 years , by being away from India for more than 6 months in a financial Year.
This Year , his stay in India was little more , so he was away from India for effectively 4 months and might have to pay tax on his salary earned this year.
My Question is if a candidate is NRI for last 7-8 years , is their any clause where he can get exemption from Income Tax eligibility this Year.
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Is he onboard for only 4 months in this financial year ?
As financial year starts from 1st April so how he is counting now ?
In one financial year he has to onboard the ship for 6 months and 1 day.
Advice him to consult a CA . CA will advise him and tell all the advices according to his tax slab and exemptions.
Better to consult CA.
https://cleartax.in/s/residential-status.
Though I could be mistaken too.
looks like he should be 9 out of 10 years. i am also in merchant navy.
Checked with my friend he is maintaining NR (Non-resident) status from last 12 years , and this year he has failed to be abroad for more than 182 days.
Do u know anyone who has faced similar issue and how has he filed ITR in that year?
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I am assuming his income is over 1.5 million INR, so (as per the amendments since F.Y. 2020-2021) resident but not ordinarily resident.