How NRIs are taxed in India
The revenue of a non-resident Indian (NRI) earned in India is taxable. Whether an individual can be clasifed as NRI or not will rely upon the variety of days she or he has stayed in India and the quantum of revenue earned. Let’s perceive the definition first. An individual can be categorised as NRI if she or he fulfills ny of those 3 situations. If an individual of Indian origin or citizen of India stays exterior India and visits India for a specific variety of days in India, she or he could also be categorised as a non-resident India (NRI) relying on the variety of days of keep in India. In case the particular person has stayed in India for lower than 182 days and revenue from India is lower than ₹15 lakh or bodily presence was lower than 120 days however the revenue exceeded ₹15 lakh or bodily presence in India in the course of the related monetary 12 months is 120 days or extra however lower than 182 days and fewer than twelve months within the previous 4 monetary years, even when the India-sourced revenue exceeds ₹15 lakh. So, if an individual qualifies as an NRI, the revenue can be taxable in India.
The following desk tells you ways the revenue from completely different sources can be taxed and the speed if tax deduction at supply for an NRI.
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