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Ankit Tulsyan

Ankit Tulsyan (C.A)

Ankit Tulsyan is a Chartered Accountant and has worked with some of the Indian Companies at managerial levels. He specializes in auditing, assurance and accounting services and also advises on Income Tax, Service Tax and VAT matters.

He holds a Bachelors degree in Commerce and is also a Licentiate from Insurance Institute of India. Currently, he is pursuing a Diploma in Information System Audit (DISA) from ICAI.

Other/latest questions on tax

Hi Ankit, I moved from India and took up a job in Oman in March 2010. For the Assessment year 2009-10, I filed my IT returns in July 2010. After that I have not filed my returns for the subsequent years. Now I am planning to retun back and take up a job in India by end of October 2014. I want to time it in such a way that, my stay in India during the Assessment year 2014-15 will be less than 182 days. If I start working in India from Nobvember, will I need to pay taxes in India only for Nov 14 to Mar 15, or will I need to pay taxes for the income earned in Oman from Apr 2014 to October 2014.
Asked by Rajashekhar Hiremath
We understand that you are a citizen of India and that during the financial years 2010-11 to 2013-14 you were not present in India in any year for more than 182 days. Accordingly, you were a non resident in the said years and only the income which accrued or arose or was deemed to accrue or arise in India would be taxable in India for which a return of income would be required to be filed in India.

For the financial year 2014-15, if you shall not be present in India for:

· more than 182 days or

· 60 days and during the financial years 2010-11 to 2013-14, if you were not present in India more than 365 days in totality

you would be a non-resident for tax purposes. Therefore, if you are present in India from November 2014, only the income earned from November 2014 onwards from India will be taxable in India and not the income earned in Oman prior to November 2014.
Answered by NRIMatters Team