Taxation of nri income
MOTILAL JHALANI
(Querist) 29 July 2014
This query is : Resolved
Sir,
My friend is residing at Dubai since 5 years. His status is NRI as per Income-tax Act. He has salary income of Rs. 30,00,000/- yearly there. He is regularly filing his Income-tax return regularly in India showing his interest etc. earned in India.
1) Whether his income is taxable in India? If taxable, than under which section. If exempted under which section of Income-tax.
2) Rate if Income-tax if any and the rebate allowable to him as NRI.
With regards,
(Motilal Jhalani)
Devajyoti Barman
(Expert) 29 July 2014
why are you interested to know this fact when your friend does not seem to have any issue?