Wednesday, 12 April 2017

Great decision by Income Tax in favour of Seafarers




It seems the battle is won. Reproducing as is where is basis to avoid confusion.

------------------------------------------------------------------------------------------------------------

Rohit Bajoria is a Sr. Partner in Tax Assist (an Alfred Jordan initiative) & specializes in International & NRI Tax. He has more than 15 years of experience in Banking, Consulting & Advisory services. He spends considerable time writing for Magazines and with NGO's focused on education for the under-privileged.  He can be reached at Rohit@TaxAssist.in



To Download The PDF Version - Click Here
at

35 comments:

  1. Team Tax Assist12 April 2017 at 04:26

    Dear Reader

    We are not able to attach the Circular on the Blog. Hence, if you want a copy of the Circular please send us a mail or leave your mail ID on the comment portion and we will mail it as soon as possible.

    We are also trying to provide a down-loadable link for the Circular, in a day or two.

    Best regards.

    Arijit
    Team Tax Assist

    ReplyDelete
    Replies
    1. Team Tax Assist12 April 2017 at 04:30

      Dear Seafarers

      All Seafarers, who have received Tax Notices followed by Tax Demands, in previous years, and have appealed against the Demand, can make use of this Circular and you can get your Tax demand negated completely (in general).

      Best wishes.

      Arijit
      Team Tax Assist
      nri@TaxAssist.in

      Delete
    2. Team Tax Assist13 April 2017 at 00:11

      Dear Seafarers

      You can now download the Circular from the following link:

      http://www.nritaxconsultant.com/seafarer-efiling/index.jsp

      Best regards

      Arijit

      Delete
    3. Team Tax Assist13 April 2017 at 00:35

      Hi

      I have been receiving a few queries on the change in NRI Status for Seafarers, hence putting in a small clarification for the same:

      The NRI Status (or the Residential Status as per Income Tax) remains the same.
      There is no change to the NRI Status as per this Circular.

      What has changed for the good is that, the IT Department was imposing Tax on Seafarers even after maintaining NRI Status on the Remittances received in India. Which this Circular, they will not be able to do that anymore.

      Over the past 5 odd years, there have been numerous cases across India, where Seafarers have had Tax Notices & Scrutiny and the IT Officers have made the Remittance Taxable, even after maintaining an NRI Status.

      One of the highlighted cases among them was the Bandopadhyay case, where the Income Tax Tribunal imposed Tax on him, even after him maintaining the NRI Status.

      As this case was highlighted in the Seafaring Circles & the Income Tax Department also, most/all Officers of the ITD started to apply and impose Tax on the NRI Seafarers across the country.

      However, with this Circular, the IT Department CANNOT impose tax on a Seafarer if he has maintained an NRI Status.

      Hence the issue has been put to rest for good.

      However, please note that this Circular, making you Tax Free, is applicable to Seafarers maintaining NRI Status.

      I request you to please do maintain your NRI Status every Year and stay completely clear with your Tax compliance.

      Warm regards

      Rohit

      Delete
  2. Anonymous12 April 2017 at 04:40

    Please send me at prakharc21@gmail.com

    ReplyDelete
    Replies
    1. Team Tax Assist12 April 2017 at 05:20

      Greetings. Mail sent. Best regards.

      Delete
    2. Team Tax Assist12 April 2017 at 08:04

      Greetings. We have re-sent the mail. Best regards.

      Delete
  3. Bhadauria12 April 2017 at 04:55

    Pls
    Send me at bhadauria171@gmail.com

    ReplyDelete
  4. Unknown12 April 2017 at 05:04

    sharan_amit@yahoo.com

    ReplyDelete
  5. Anonymous12 April 2017 at 05:16

    Please send me the details to mmurugadasan@gmail.com. thankyou.

    ReplyDelete
  6. Team Tax Assist12 April 2017 at 05:22

    Greetings. Mail sent. Best regards.

    ReplyDelete
  7. Anonymous12 April 2017 at 05:25

    R.Khanna...............vicckie1@yahoo.com

    Regards...

    ReplyDelete
  8. Unknown12 April 2017 at 05:27

    Please send me the circular to Karthikeyan1177@yahoo.co.in

    ReplyDelete
  9. Ashu12 April 2017 at 05:31

    Please send me a copy inbox.ashu@gmail.com

    ReplyDelete
  10. Unknown12 April 2017 at 05:45

    Please send me a copy minaldoshi88@gmail.com
    Thanks

    ReplyDelete
  11. RAHUL RAI12 April 2017 at 06:00

    Please forward on rahulraimarine@gmail.com

    ReplyDelete
  12. Unknown12 April 2017 at 06:32

    Please can I get a copy on gauravprem@yahoo.co.in

    ReplyDelete
  13. Unknown12 April 2017 at 07:04

    ajay.invincible87@gmail.com

    ReplyDelete
  14. rishikesh12 April 2017 at 07:34

    Pls send the copy. Thanks in advance.

    rishikeshtakawale@gmail.com

    ReplyDelete
  15. Unknown12 April 2017 at 14:05

    Kindly send me the circular at chesuba@yahoo.co.uk

    ReplyDelete
  16. Raj ganapathy12 April 2017 at 16:10

    Please send it at rajganapathy16@gmail.com
    Best regards

    ReplyDelete
  17. Unknown12 April 2017 at 23:37

    Please send the circular to nabangsu@gmail.com

    ReplyDelete
  18. Team Tax Assist13 April 2017 at 00:07

    Greetings. Mail sent. Best regards. Arijit

    ReplyDelete