My brother stayed outside india for more than 7 months last year..but for the preceeding 4 years..he stays for more than 365 days. He was sailing under foreign ship..hence AS 26 shows nil tds. But the salary is 10lakh + what to do.
sir i am a seafarer and I am non resident as per the rules, sir please guide which option should I choose from "Jurisdiction of residence" section ,and what should i write in "taxpayer identification number" as we are sailing in international waters we dont have anyother country resident status or have TIN,please help
Sir kindly answer this query. So as a seafarer who is joining his ship for the first time, he would not satisfy the non resident status since the 4yr criteria has not been met, am I correct ? And for the next 4 yrs he needs to pay tax….later from 5th yr he is eligible provided both the conditions are met
@arv653 Yes, you are absolutely right. For the first 4 years, you must pay taxes. From the 5th year onward, you can qualify for non-resident status if all the conditions are met. If you need more information feel free to contact our NRI Desk at cs@aktassociates.com or 8080088288
Hey. That's good information.Have some queries- Are the days of flying and return counted as stay in India ? Also are there any covid relaxations for this financial year ? Thanks
Thank you for your comment The days are counted from the date of immigration stamp. As such there are no relaxations. Please do like and share our videos.
Good Day Sir.. in FA2021-22 i have sailed on ship for 5 months only. Do i need to pay tax on my earned salary of those 5months . Please kindly advise Thank you
185 sailing days in CDC and ship belongs to India and owner of the ship is Indian, ship is under Indian flag, and ship sailing all time in Indian water is eligible for tax exemption.?
Thank you for your video sir . My doubt is If I am sailing in Indian water means in Indian offshore field ( near coast) and MY VESSEL IS FOREIGN FLAG SHIP means vessel is registered in foreign countries . Then will this days counts as a NRI days or Residential days ?
If this is just for sake of a Voyage while most of time ship Remains in International water it will be treated as Out of India, However in vise versa cases it will be considered as Indian operations,
What about seafarers who want to invest in equity and mutual funds...? Can you make a video on it's tax rules and what all we can invest it..? Also things like if the 1lakh tax exemption on capital gains is applicable and how we should go about filing those tax returns
Thanks for the video and infos there in. My son works for a foreign shipping co. FY 21-22, his stay on board is 165 days and 30 days are travel outside india as per immigration stamps. Will his status be considered NRI for this year? Pls reply, thanks.
Hi NRI Status have two sub clauses, first clause say 180 days Other have some other conditions to fulfill, We will advise when in doubt seek a professional advise by paying a fees and getting a written consulting, You can reach out to us also for same, by sending an email t CS@aktassociates.com
How this 185 days calculated?. Flying dates are included or excluded from 185 days. Joining to ship some time get delay after reaching the foreign country. In this case CDC days may not be enough to reach 185. But in Passport one will have 185 days.
Sir, I am an Indian seafarer and wanted to know whether can we have joint savings account with any family member? And on basis of that can we avail NPS scheme on that family member name?
@vishalbarik3893 Yes, Indian seafarers can have a joint savings account with a family member and avail NPS scheme on that family member's name. for more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
You cannot file under 44ADA as it applies to professionals and business income. For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
For seafarers, the number of days is typically counted based on CDC dates. For more information contact our client support at 8080088288 or email us at cs@aktassociates.com
Based on the 180-day rule, you are likely considered a Non-Resident Indian (NRI) for tax purposes. For more information feel free to contact our NRI Desk at 80800 88288 or mail us on cs@aktassociates.com
Is there any rules for those who sailing in India. Some years before heard that if one seafarer completing 185 days in CDC in Indian coast is exempted from Tax. Is it true?.
Hi sir , am a sailor,i have an integrated NRE NRO account, if am transfering money from NRE to NRO is that taxable? Or if am transfering money from my NRE account to my father's normal savings account in India ,is that taxable or will they conduct any diductions on that ?can you please give me the clarification
@@caaruntiwari3170 sir i feel this is injustice with seafarers as we are also indians and why so strict with us..for other’s is 4 years and for us is 14 years! Pls advise if this can be challenged in court🙏
@@caaruntiwari3170 sir, i was not trying myself.My CA filed ITR, i was just going through AIS eportal but my salary is not showing in AIS. He filed based on that.
@@sandeepp9121 : It’s not necessary that all financial transactions will be shown in AIS as those are SFT transactions which financial institutions, and people who deduct TDS/ TCS is uploaded. If one has income from any other sources not been shown in AIS then it’s the responsibility of the assessee to disclose it in his ITR so as to avoid unnecessary queries from I-T department in future.
Hi Thanks for the useful video. I have a query. 1. What are the tax exemption savings available for NRI? Similar to what we residents have ? 2. If seafarers cannot maintain more than 185 days per year outside India for an financial year. Then will the persons's total income outside India is taxable 33% ?
hi There seems a lot of query, We advise to seek a consultation from CA Arun Tiwari . once agree we will send you payment link and arrange a over the phone appointment. you can call CS team @+919372644735
@Aarthiraji5834: If a person is a resident during the previous year his global income shall be taxable and the tax rates will be slab wise and not direct 33% .
Nice informative video. Sir, as said in your video that some seafarer sign salary contract and sometimes business/ profession contract, I would like to request if you can clarify in case they sign business/ professional contract with international company will they need to register under GST and file GST returns for such contracts as exporter of services
It depends on your residential status. If you are a non - resident then you have to file ITR 2, in the case of a resident you have to file ITR 1. If you want to file your return with AKT Associates feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
@@AKTAssociatesOfficial Since you have a good viewership from Seafarers community, one would have really appreciated if you could have shared your ITR Filing Fees per Year here in this discussion Box itself as that would have made this entire discussion very transparent as well as in assisting new Clients to make a switchover from other places where they haven't been getting good Service. ITR Filing Fees, I assume includes Filing ITR and replying to any Queries from IT Department if any for that filed ITR by your Team. Most of Seafarers or in general NRI's have more or less standard Salary remittances, NRE FD's, Shares or Mutual Fund Investments through NRE PIS Account and only Indian Income if any generally would be from Rents on Properties or Dividends on Shares.
@@jagannathshetty6196 Hi We charge Rs 2500 Plus GST for NRI Return Which can increase if there is Share market related transaction, of Future and Options Trading. Hope this answer the questions
Hi We charge Rs 2500 Plus GST for NRI Return Which can increase if there is Share market related transaction, of Future and Options Trading. Hope this answer the questions
![पूर्ण Tax Guidance Indian Seafarers के लीये , Merchant Navy, Sailors for Year 2022 [ In Hindi]](http://i.ytimg.com/vi/wCwGWgK7VwY/mqdefault.jpg)
![पूर्ण Tax Guidance Indian Seafarers के लीये , Merchant Navy, Sailors for Year 2022 [ In Hindi]](/img/tr.png)
when we start filing...how many past years to start filing for
Sir small doubt, as per my knowledge for seafarer in particular the 'past 4 yrs 365days' criteria is not applicable. Please clarify on this. Thanks.
No its applicable but you will qualify and NOR or RNOR, But will get same benefit
My brother stayed outside india for more than 7 months last year..but for the preceeding 4 years..he stays for more than 365 days.
He was sailing under foreign ship..hence AS 26 shows nil tds.
But the salary is 10lakh + what to do.
sir i am a seafarer and I am non resident as per the rules, sir please guide which option should I choose from "Jurisdiction of residence" section ,and what should i write in "taxpayer identification number" as we are sailing in international waters we dont have anyother country resident status or have TIN,please help
What did you do?... I have the same question
did you get the answer for this ?
How do I downland the google sheet for "Check resisdent statusfor seafarers" as mentioned in your video. Please help🙏
No link given to download "Check resisdent statusfor seafarers" . Please provide
Sir kindly answer this query. So as a seafarer who is joining his ship for the first time, he would not satisfy the non resident status since the 4yr criteria has not been met, am I correct ? And for the next 4 yrs he needs to pay tax….later from 5th yr he is eligible provided both the conditions are met
@arv653
Yes, you are absolutely right.
For the first 4 years, you must pay taxes. From the 5th year onward, you can qualify for non-resident status if all the conditions are met.
If you need more information feel free to contact our NRI Desk at cs@aktassociates.com or 8080088288
Hey. That's good information.Have some queries-
Are the days of flying and return counted as stay in India ?
Also are there any covid relaxations for this financial year ?
Thanks
Thank you for your comment
The days are counted from the date of immigration stamp.
As such there are no relaxations.
Please do like and share our videos.
Good Day Sir.. in FA2021-22 i have sailed on ship for 5 months only. Do i need to pay tax on my earned salary of those 5months .
Please kindly advise
Thank you
185 sailing days in CDC and ship belongs to India and owner of the ship is Indian, ship is under Indian flag, and ship sailing all time in Indian water is eligible for tax exemption.?
Please reach out to our team at 8080088288
Hii same issue plz advice ur no.
Good day sir..
Is that taxable which is transfer money from NRE to NRO account?
No It is not taxable
Sir,
What needs to be done with Post Office Savings account Post Office MIS account and Atal Pension Yojana account.
Thank you for your video sir .
My doubt is
If I am sailing in Indian water means in Indian offshore field ( near coast) and MY VESSEL IS FOREIGN FLAG SHIP means vessel is registered in foreign countries . Then will this days counts as a NRI days or Residential days ?
If this is just for sake of a Voyage while most of time ship Remains in International water it will be treated as Out of India, However in vise versa cases it will be considered as Indian operations,
Bro same is my concern ...plz advise
Did u get any confirmation?@@muslimbhai9631
@@muslimbhai9631did u get any confirmation
Helo, did u get any confirmation
Hi which date to consider for NRI status is it date on PASSPORT or CDC date, most of the time both the days are different, because we get Hotel stay
Passport date is considered.
If you want to file an ITR from us feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
I sail on Indian flag ship in Indian coastal waters. My company deducts TDS by 194C section. Which ITR form should I use ITR1 or ITR4?
ITR 4
ITR 4 Because tds made in 194C
What about seafarers who want to invest in equity and mutual funds...? Can you make a video on it's tax rules and what all we can invest it..? Also things like if the 1lakh tax exemption on capital gains is applicable and how we should go about filing those tax returns
Thanks for the video and infos there in.
My son works for a foreign shipping co. FY 21-22, his stay on board is 165 days and 30 days are travel outside india as per immigration stamps. Will his status be considered NRI for this year?
Pls reply, thanks.
Hi NRI Status have two sub clauses, first clause say 180 days Other have some other conditions to fulfill, We will advise when in doubt seek a professional advise by paying a fees and getting a written consulting, You can reach out to us also for same, by sending an email t CS@aktassociates.com
Thank you for excellent and informative video. Was very helpful to understand some aspects of IT for us.
Glad it was helpful! Thank you. Keep watching and do like and share with your friends.
Hi sir , if on sailing I know I am not going to complete my NRI days, can I put my salary after 31 march.
Yes it can help only problem IT dept should not know that you deferring your salary
How this 185 days calculated?. Flying dates are included or excluded from 185 days. Joining to ship some time get delay after reaching the foreign country. In this case CDC days may not be enough to reach 185. But in Passport one will have 185 days.
The day you depart and arrive the immigration date stamp on your passport will be considered.
If salary is received in US$. is it required to disclose that in ITR as except income? If yes, what conversion rates to be used?
Yes, if your salary is received in US$, you are required to disclose it in your ITR. Use the applicable conversion rate for the financial year.
Mini 185 days outside
Also
Only 180 days in an year
And 365 days in last 4 years
Then nri
For merchant navy personnel, time on a ship outside Indian waters counts as time abroad, helping them qualify as NRIs under the 182-day rule.
Sir, I am an Indian seafarer and wanted to know whether can we have joint savings account with any family member? And on basis of that can we avail NPS scheme on that family member name?
@vishalbarik3893
Yes, Indian seafarers can have a joint savings account with a family member and avail NPS scheme on that family member's name.
for more information contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Can seafarer file under 44ADA ?as it’s a contract (for officers & engineers)and not a fixed employment in any company.
You cannot file under 44ADA as it applies to professionals and business income.
For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Sir no. days are counted on the basis of passport dates or CDC dates.
For seafarers, the number of days is typically counted based on CDC dates.
For more information contact our client support at 8080088288 or email us at cs@aktassociates.com
180 days or 365 days proceeding 4 years ....both cant match ....180 days matching
Based on the 180-day rule, you are likely considered a Non-Resident Indian (NRI) for tax purposes.
For more information feel free to contact our NRI Desk at 80800 88288 or mail us on cs@aktassociates.com
Is there any rules for those who sailing in India. Some years before heard that if one seafarer completing 185 days in CDC in Indian coast is exempted from Tax. Is it true?.
Hi u got ur tax
Assessee merchant Navy me kaam krta h ek tour 8-9 months ka hota h or ship Singapore ki h.
Jurisdiction of resident kya choose krna chahiye.
NRI Residential status
Sir an Indian seafarer sailing on foreigh flag in Indian waters/coastal region is applicable for nre tax benefit on completion of nre time?
completion of NRE days
Hello brother same query i have u got ur tax back
Hi sir , am a sailor,i have an integrated NRE NRO account, if am transfering money from NRE to NRO is that taxable? Or if am transfering money from my NRE account to my father's normal savings account in India ,is that taxable or will they conduct any diductions on that ?can you please give me the clarification
It is not taxable if that is mere a transfer not earned or deemed to be earned in India
Hello sir, according to which regulation NRI timelimit to reopen assesment is 14 years?
It is as per income tax Assessment and reassessment procedure
@@caaruntiwari3170 sir i feel this is injustice with seafarers as we are also indians and why so strict with us..for other’s is 4 years and for us is 14 years! Pls advise if this can be challenged in court🙏
where is the Google calculation sheet?
give something for free atleast
Hi sir... Can you plz advise if I can get a refund for tds collected in 2017.. I have not filed my returns since
If TDS is big than we can try otherwise not easy to get refund if Return not filed, that's why I always recommend to file return as a habbit
Very informative, nicely explained in a gentle and professional manner.. 👍👍👍👍👍 . Sir also make a video on AIS in eportal.
Hi, Better to consult a CA than trying yourself. Its new compliance and should be taken carefully
@@caaruntiwari3170 sir, i was not trying myself.My CA filed ITR, i was just going through AIS eportal but my salary is not showing in AIS. He filed based on that.
You can file grievance to tax dept from that portal
@@sandeepp9121 : It’s not necessary that all financial transactions will be shown in AIS as those are SFT transactions which financial institutions, and people who deduct TDS/ TCS is uploaded. If one has income from any other sources not been shown in AIS then it’s the responsibility of the assessee to disclose it in his ITR so as to avoid unnecessary queries from I-T department in future.
Sir which is the best bank to open NRE ACCOUNT for seafarers?
Any National or Big Private Bank will be Good, I preference HDFC or IDFC bank
@@caaruntiwari3170 thank your sir
Sir if I stop sailing for a year what happens to the interest accrued on NRE account FD
If you stop sailing for a year, the interest on NRE account FD continues to accrue.
You can contact your bank for specific terms and conditions.
Beautifully explained.....
Thanks a lot 😊
Hi Thanks for the useful video.
I have a query.
1. What are the tax exemption savings available for NRI? Similar to what we residents have ?
2. If seafarers cannot maintain more than 185 days per year outside India for an financial year. Then will the persons's total income outside India is taxable 33% ?
hi There seems a lot of query, We advise to seek a consultation from CA Arun Tiwari . once agree we will send you payment link and arrange a over the phone appointment.
you can call CS team @+919372644735
@@AKTAssociatesOfficial ur office address send me
@Aarthiraji5834: If a person is a resident during the previous year his global income shall be taxable and the tax rates will be slab wise and not direct 33% .
Nice informative video. Sir, as said in your video that some seafarer sign salary contract and sometimes business/ profession contract, I would like to request if you can clarify in case they sign business/ professional contract with international company will they need to register under GST and file GST returns for such contracts as exporter of services
No If they are working on a foriegn going ship/vessal
@@m2mlearntrain139 : Thanks for the reply Sir. Any reasons why so ?
Witch itr we can file 1,2,3,4
It depends on your residential status. If you are a non - resident then you have to file ITR 2, in the case of a resident you have to file ITR 1.
If you want to file your return with AKT Associates feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
I am a seafarer and file itr in form no 2 as nri status then what is my taxpayer identification number and which non resident country I choose?
No detail need to fill u this is for NRI working abroad on land, not for seafarer
But it's asking mandatory
You can select India as jurisdiction and disclose your Passport number for tax identification number if you do not have PAN.
What form to you use sir. ITR 2?
If you have capital gain along with other income use this form
What are the charges for your service sir?
Sir you can contact us on 93726 44735 to know all details.
Sir you can also mail us on cs@aktassociates.com or you can share your details we will contact you
@@AKTAssociatesOfficial
Since you have a good viewership from Seafarers community, one would have really appreciated if you could have shared your ITR Filing Fees per Year here in this discussion Box itself as that would have made this entire discussion very transparent as well as in assisting new Clients to make a switchover from other places where they haven't been getting good Service.
ITR Filing Fees, I assume includes Filing ITR and replying to any Queries from IT Department if any for that filed ITR by your Team.
Most of Seafarers or in general NRI's have more or less standard Salary remittances, NRE FD's, Shares or Mutual Fund Investments through NRE PIS Account and only Indian Income if any generally would be from Rents on Properties or Dividends on Shares.
@@jagannathshetty6196 Hi We charge Rs 2500 Plus GST for NRI Return Which can increase if there is Share market related transaction, of Future and Options Trading. Hope this answer the questions
Hi We charge Rs 2500 Plus GST for NRI Return Which can increase if there is Share market related transaction, of Future and Options Trading. Hope this answer the questions
being a seafarer can I get form 16
If your Company Is an Indian Company and you have contract for Employment than you must get form 16 not in other cases
Sir, isn't it illegal to have an Indian account if you're an NRI?
Sir you can contact us on 93726 44735 to know all details.
Yes If you are an NRI , Convert Saving Account into NRO Accounts
@@AKTAssociatesOfficial I am an NRI, but received income in my Indian account. As per this video it won't be taxed if I am not wrong?
Simple hindi me bolte to jada acha hota
अधिक जानकारी के लिए हमारे क्लाइंट सपोर्ट से संपर्क करें @ 8080088288 या हमें cs@aktassociates.com पर मेल करें, वे आपका मार्गदर्शन करेंगे।
Hi can I get excel sheet .unable to access it