Question ID :
40900
Exemption limit for NRI
An asessee has gone abroad for higher studies.His stay in 2019-20 was more than 182 days and will be resident only. Now in Previous Year 2020-21,his stay is less than 60 days whether he will be NRI for current year and his income from proprietory business running in his name in India will be taxable in india without exemption limit
Posted by
Mahesh Kumar
on
Nov 18, 2020
Filed Under
DIRECT TAXES
He is a NRI. Income from proprietory business is taxable in India subject to basic exemption.
Posted by
B.CHACKRAPANI WARRIER on
Nov 19, 2020