An expatriate means a person based in a foreign country working in India (inbound) or a person based in India (likely Indian citizen) working abroad (outbound).
Under Indian Income Tax Act, 1961 (‘ITA’), incidence of tax depends on
- The residential status of the taxpayer, and
- The place and time of accrual or receipt of any income In India, charge of income tax is not based on domicile or citizenship
The extent of Indian tax liability depends on the residential status of an individual based on his physical stay in India. For tax purposes, an individual may be
- Resident and Ordinarily Resident (‘ROR’)
- Resident but Not Ordinarily Resident (‘RNOR’), or
- Non-Resident (‘NR’)
Personal tax is complex and subject to an enormous upheaval because of frequents amendments in tax laws. We ensure that maximum tax benefits are availed and the tax liability are minimized. The firm has a good liaison with the Tax Department and provides quality services to its clients.
