Highly appreciable content, plz make the same video in English..there are soo many seafarers from southern part hardly understands hindi, especially who are working in foreign countries.. Thanks in advance..
Good evening sir. Please let me know if i am getting my merchant navy salary in NRE account and then i transfer that salary to my savings account will it be taxable? If yes then please tell me different options that i can opt to spend that salary in daily life?
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
Hi Arun, as per new IT rules, NRIs have to limit their income other than other sources below 15 lks, if they want to take advantage of 183 days rule. As per the clarification from FM, these 15 lks can be business or rental income from India. Now, what if business/rental income doesn't cross 15 lks but capital gains from equity/debt MFs cross 15 lks? Will CGs be considered in Indian income which technically shouldn't be considered as they are taxed separately? If govt likes to tax CGs and then consider them to be Indian income too, then its bad for NRIs to invest in India and counterproductive for govt.
Sir I m a seafarer stay in India for 198 days in last financial year(status become resident) I received my salary In abroad I mearly transfer it to my saving account in India through western union. Now am I suppose to pay any tax in India? Please suggest.
@@AKTAssociatesOfficial thankyou so much could you please confirm me one more thing that if we don't have taxpayer identification number then what we need to fill instead of that
Hi Sir.. I am a Seaferer and sailing out of country from 4 months.I receiving my salary in normal saving accounts.i am getting in dollars.but i don't have NRE/ NRO. Plz advice i have pay tax or not if i completed 186 days abroad.
sir i am a seafarer.i filed itr in 2016 for the year 2014.back then was working with a indian company who used to deduct tds .so i filed itr to claim tds .my salay was not taxable that time so i got the deducted tds back.after 2016 i never filed itr .because i was working with foreign company.so my question is can i start filing itr now.will i have to pay panelty?
Yes sir you can file itr now and for past not filed itr's you can not file it once the due date is over until you receive any notice regarding the past itr's. You don't have to pay any penalty until you receive any notice. Get more consultation:- pages.razorpay.com/akt-nri-tax-consulting For more details contact :- Contact No- 9320953120/9372644735 email- cs@aktassociates.com visit us on- aktassociates.com/business-compliance/yearly-compliance/it-return-filing
Sir, I completed 181 days at sea in Qatar from 17 April 2021 to 16 October 2021, I am joining vessel in Kakinada in December, Salary will come from Singapore, will this time after December count as NRE and NRE days will extend 181 Plus dates in this contract, please reply me Sir
IF your vessal going to Petrol On Shore ( Around Indian Water than you will be Considered as Resident or NOR, You need to calculate your Residential status from past 4 year and 9 year, We can do it howeve there will be a Calculation fees for that @ You can call taxteam @ 9969042660
Matlab kya sir agar mai as a seaferer approx 20 lakhs per year earn kar raha hu aur mai har year ITR filing kar raha hu to mujhe koi tax nahi dena hai plz reply
HI sir good morning I have some query? Before joining merchant navy .I am doing small business at that time I have open saving A/C and i am doing IT return on that income till now. And my family member is looking out my business in india.so is there any problem.As per IT act I am holding both A/C NRE and saving A/C. Please reply
I have make power of attorney .Is this ok and when I am not present my family member is running business as soon as I back to India I am looking after it. I am not doing It return on NRE account is this ok . please reply
As you have worked on ship only for two months... Your status would resident in India and hence income earned by you irrespective of it is in foreign currency, you have to pay taxes, further it depends on your resident status for last 4 , and other days in FY20-21
Financial year 19-20 I completed nri days but financial year 20-21 due to COVID I am not able to complete nri days is my salary taxable for this financial year
In the same case , I was working with an Indian company and they have deducted tax . But I had completed 7 months in this current financial year on a foreign going ship. Will I be able to get back my taxed amount?
Quite informative video..can you please advice whether it's illegal to have a savings bank account for seafarers? Also,please make a video regarding investment options for seafarers.. Thanks..!!
Can NRI Invest in Stocks and Mutual funds? Will that be taxed more than the resident and the interest from the NRO account can be claimed by tax filing ?
Seafarers are not allowed to maintain a savings account. Please convert your savings account into an NRO account. For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Thank you for explanation I am seafarer and completed nri days in year, 2019,2020 and 2022 But my CA filed this in ITR 1 and on acknowledgement its showing resident. How to solve this, please provide u r contact number
![Complete Tax Guidance for Indian Seafarers, Merchant Navy, Sailors for Year 2022 [ ENGLISH ]](http://i.ytimg.com/vi/9gW6Ah5hmgk/mqdefault.jpg)
![Complete Tax Guidance for Indian Seafarers, Merchant Navy, Sailors for Year 2022 [ ENGLISH ]](/img/tr.png)
Highly appreciable content, plz make the same video in English..there are soo many seafarers from southern part hardly understands hindi, especially who are working in foreign countries..
Thanks in advance..
Sure I will work on This CA Arun Tiwari
Very well said
Very informative Thanks and Regards
Thanks and welcome
Sir your video is very informative. Thanks a lot.
It will be more helpful if you use separate mic rather than your PC's or Mobile's in built mic.
Sure I will.
Thank you. Keep watching. Do like and share our videos with your friends and family
Thank you so much... nicely explained ..
Sir,
What needs to be done with Post Office Savings account Post Office MIS account and Atal Pension Yojana account.
Regards
Good evening sir. Please let me know if i am getting my merchant navy salary in NRE account and then i transfer that salary to my savings account will it be taxable? If yes then please tell me different options that i can opt to spend that salary in daily life?
There is no tax on mere transfer of Income which is earned abroad, For more info WhatsApp Client Support at 8080088288 or email , cs@aktassociates.com
Very helpful video for seafarers. Thank you very much. 🙏
Hi Shashibhushan Kumar
Thanks & Keep Watching and don't forget to share this video with your friends
Hi sir,I am working in sea since 2005 but never filled ITR..
PLEASE GUIDE ME HOW I CAN KNOW FILL NOW
Contact our Tax Team at 8080088288 or email us at cs@aktassociates.com
Very informative. Thanks. You have not mentioned the column in which income from abroad/foreign going merchant vessel is to be mentioned.
Sorry this keep Changing,
@@AKTAssociatesOfficial what is current status
If a seafearer person earn interest income on fund saved in nre account, are liable to report as income in itr Or not
Need to report as exempted income
@@caaruntiwari3170 thank you sir
Nice Explanation
Sir how much you charge for itr file for seafarer
Sorry we were busy in Tax filing, We Charge 2500 Plus GST
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
Hi Arun, as per new IT rules, NRIs have to limit their income other than other sources below 15 lks, if they want to take advantage of 183 days rule. As per the clarification from FM, these 15 lks can be business or rental income from India. Now, what if business/rental income doesn't cross 15 lks but capital gains from equity/debt MFs cross 15 lks? Will CGs be considered in Indian income which technically shouldn't be considered as they are taxed separately?
If govt likes to tax CGs and then consider them to be Indian income too, then its bad for NRIs to invest in India and counterproductive for govt.
Sorry I missed you question , You can whatsUp me at 9320953120 if this question still important for you
I want to know in details for seafarers taxation. How much fees?
Hi you can call CA Arun sir @ 9320953120 fees will be quoted after understanding queries
Sir I m a seafarer stay in India for 198 days in last financial year(status become resident) I received my salary In abroad I mearly transfer it to my saving account in India through western union. Now am I suppose to pay any tax in India? Please suggest.
Hi you better consult regarding your residential status, You can reach out to CA Arun Tiwari sir, Pls Note there will be consulting fees for this
Sir koi tex nhi cut hota but salary usd me aati hai to konsa form fill krna hoga
ITR 2
Sir if only salary income from merchant navy non resident than which itr form should be used
ITR 2
@@AKTAssociatesOfficial thankyou so much could you please confirm me one more thing that if we don't have taxpayer identification number then what we need to fill instead of that
@@camahimasrivatava1701 To File ITR you need PAN not TAN
@@m2mlearntrain139 kindly read my comment carefully
@@camahimasrivatava1701 if u don't have then social security number u can use for that
Do you have any branch in kerala?
If i send money to a beneficiary from ship directly to his account then that amount is taxed under my name or beneficiary name?
Hi Sir..
I am a Seaferer and sailing out of country from 4 months.I receiving my salary in normal saving accounts.i am getting in dollars.but i don't have NRE/ NRO. Plz advice i have pay tax or not if i completed 186 days abroad.
Pls Open a NRO and NRE accounts once you have taken up employment abroad
sir i am a seafarer.i filed itr in 2016 for the year 2014.back then was working with a indian company who used to deduct tds .so i filed itr to claim tds .my salay was not taxable that time so i got the deducted tds back.after 2016 i never filed itr .because i was working with foreign company.so my question is can i start filing itr now.will i have to pay panelty?
Yes sir you can file itr now and for past not filed itr's you can not file it once the due date is over until you receive any notice regarding the past itr's. You don't have to pay any penalty until you receive any notice.
Get more consultation:- pages.razorpay.com/akt-nri-tax-consulting
For more details contact :-
Contact No- 9320953120/9372644735
email- cs@aktassociates.com
visit us on- aktassociates.com/business-compliance/yearly-compliance/it-return-filing
Tds paid by seafarers on sale of property in indiais 1% or 20%
It depends on your residential status, if you are a non resident then you have to pay 20% TDS
Hello sir, what is the timelimit to reopen assesment for seafarers.
Upto 16 Years
@@AKTAssociatesOfficial sir what if there is no asset located outside india
Sir, I completed 181 days at sea in Qatar from 17 April 2021 to 16 October 2021, I am joining vessel in Kakinada in December, Salary will come from Singapore, will this time after December count as NRE and NRE days will extend 181 Plus dates in this contract, please reply me Sir
IF your vessal going to Petrol On Shore ( Around Indian Water than you will be Considered as Resident or NOR, You need to calculate your Residential status from past 4 year and 9 year, We can do it howeve there will be a Calculation fees for that @ You can call taxteam @ 9969042660
Sir, my friend is a sea farer. He received salary in saving account in india. He doesn't have any other income. So which itr form is right for him.
ITR 1 or 2
@@AKTAssociatesOfficial his salary is taxable or not in india
No it is not taxable if he fulfill NRI Status- Team AKT
@@AKTAssociatesOfficial ok sir..
Thanks
Is my income coming to my NRE account taxable under indian laws?
Generally No but better to seek a Consultation,
do seafarer have to file there returns even if they don't have any income in India?
Yes
Informative
Thank you
Thank you Sir
Hi Krishna Mohan
Thanks & Keep Watching and don't forget to share this video with your friends
Charges for merchant seafarer officer for full ITR filing by you
Very informative, can you pls guide if ill transfer from nre to normal savings account of wife, is it taxable??
For more details you can contact our support desk 9372644735
no it is not taxable.
Matlab kya sir agar mai as a seaferer approx 20 lakhs per year earn kar raha hu aur mai har year ITR filing kar raha hu to mujhe koi tax nahi dena hai plz reply
हाँ अगर आप nri qualify हो रहे है तोह इंडिया में कोई टैक्स नहीं देना पड़ेगा
@@caaruntiwari3170 aur nri qualify kaise honge
sir I have saving account and receiving my sailery in my saving account so I can file ITR
for details please contact our team and get best suggestion .
ph: 9372644735
Sir what form should mariners get form 16 or any other type of form.
If indian company then form 16 will issue by company Or if employees is NRI then NRO and NRE account will be required for filing return
HI sir good morning I have some query?
Before joining merchant navy .I am doing small business at that time I have open saving A/C and i am doing IT return on that income till now. And my family member is looking out my business in india.so is there any problem.As per IT act
I am holding both A/C NRE and saving A/C.
Please reply
Hi You can hold saving account opened before you became NRI, also you should trfr business to your Indian family
I have make power of attorney .Is this ok and when I am not present my family member is running business as soon as I back to India I am looking after it.
I am not doing It return on NRE account is this ok . please reply
Can you advice me how I can transfer my business to my family member .what documents will be needed.
Sir you can contact us on 93726 44735 this number for all queries. You can also whats app us.
@@AKTAssociatesOfficial Thanks 👍
I have worked on ship for 2 months only in a year and earned in foreign currency. Do we have to pay tax in India.
As you have worked on ship only for two months... Your status would resident in India and hence income earned by you irrespective of it is in foreign currency, you have to pay taxes, further it depends on your resident status for last 4 , and other days in FY20-21
I asked one CA to file my ITR he says first i have to get form 16 from company, company says seafarers don’t need form 16. Now what should i do?
Sir you can contact our tax team to solve this query: 99690 42660
You can just submit Bank statement and ask to file return as business and profession, In case any issue contact us.we will file you return
If someone has Nre status, still tution income upto 5lakhs can be shown???
Yes if you are actully making money from Tution
Yes but in foreign Country not in India, unless it is online tuition classes
Financial year 19-20 I completed nri days but financial year 20-21 due to COVID I am not able to complete nri days is my salary taxable for this financial year
yes sir it will be taxable
I am a seafarer, I have received my salary in savings account. Can I file ITR for taxfre ?
Yes you can do this if you have CDC and Passport Stamped
Yes
What is the residential status of seafarer if he is on foriegn ship for 7 months?
NOR or Non Ordinary Resident
In the same case , I was working with an Indian company and they have deducted tax . But I had completed 7 months in this current financial year on a foreign going ship. Will I be able to get back my taxed amount?
can you made in english or put subtitle
Sure I will try to Put subtitle first if more such request I will make this video in Hindi
Shortly I going make this whole video in English
Quite informative video..can you please advice whether it's illegal to have a savings bank account for seafarers?
Also,please make a video regarding investment options for seafarers.. Thanks..!!
It is not Illegal but you can keep your Indian Income there but not income earned as NRI. AKT Support Team
Very nice But still possible to make English
I am soon going to post a completely new more elaborate video in English on same topic
Can NRI Invest in Stocks and Mutual funds? Will that be taxed more than the resident and the interest from the NRO account can be claimed by tax filing ?
Yes NRI can invest, TDS will be deducted @30% on gains, TDS on Interest of NRO account can be claimed by filing ITR
If income directly received in saving account and not in NRE account then what to do
Seafarers are not allowed to maintain a savings account. Please convert your savings account into an NRO account.
For more information feel free to contact our NRI Desk at 8080088288 or email us at cs@aktassociates.com
Also make it in English please
Sure
Sir how to contact you
For more details you can contact our support desk @93726 44735.
this is our support teams number you can contact on that
Thank you for explanation
I am seafarer and completed nri days in year, 2019,2020 and 2022
But my CA filed this in ITR 1 and on acknowledgement its showing resident.
How to solve this, please provide u r contact number
You can reach out to us at 8080088288 or email us at cs@aktassociates.com
Mujje apna contact no dijiye
You can reach out us on 8080088288