Seafarers taxation

Tushar M (Querist) 03 August 2015 This query is : Resolved
We have a foreign flag vessel which is to work in India for two years .The crew onboard will be of mixed nationalities incl Indians .The payroll will be undertaken by foreign owners.In this respect my querries are the following :

i) Since the salary received by crew are in USD and remitted from overseas based ship owners ,If the salary will be taxable e.g TDS/IT etc etc If so at what rate and factors determining same;

ii)If foreign nationals will also have to be taxed if so at what rates;

Kindly advise.

Sincerely,
Tushar M

Follow Query

Report Abuse

Kappil Cchandna (Expert) 03 August 2015
Hi, since money is received in India, the same is taxable in India ( No matter Indian or foreigner). Also, in order to comment about taxes and TDS implications, please discuss the same.

CA Karan
98715638326.