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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

Answer ID : 80818

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