Discover the benefits of Non Resident External (NRE) accounts for Indian seafarers. Learn how to earn and repatriate foreign currency tax-free.
Avoid unnecessary tax burden for seafarers in FY 2020-21. Get insights on how Indian seafarers can avoid paying taxes even if they haven’t completed NRI days.
Learn how the Deemed Residence Provisions in the Income Tax Act impact seafarers. Find out if seafarers are exempt from taxation in India.
Residential Status As per Section 6 of the Income Tax Act, 1961, a Seafarer shall be a Non-resident if he stays outside India for a period of 184 days or more (185 days or more in case of leap year) for the purpose of employment. Calculation of period outside India As per Notification No. 70/2015/ […]
