tax rules for merchant navy officer

POSTED BY swapnil bhokardankar ON August 10, 2012 12:32 pm COMMENTS (3)

hello sir , my name is swapnil bhokardanakar, i m merchant navy officer . i joined navy in 2009 as trainee . i went for sailing in foreign company in session 2009-2010 for 8 and half month . after tht i was busy in my promotional exam for 2 yeras . in between i didnot went for job so no income . in year 2011 i again went to sailing on foreign company for period of  4 month . i am nre account holder . and i m earning in us dollers . if i need to paytax in india  as i m earning all te income in foreign currncy but my nre account is in icici bank

3 replies on this article “tax rules for merchant navy officer”

  1. swapnil bhokardankar says:
    August 11, 2012 at 7:39 pm

    sir i went for sailing in 2009 on 17/04/2009 upto 1/1/2010 and in year 2011 i went in 16/12/2011 to 22/04/2012 . sorry but i dont know much about CY and FY

    Reply
    1. Ashal Jauhari says:
      August 12, 2012 at 12:05 am

      Dear Swapnil, the taxation of 2009-2010 income is out of question as of now. For the income from Dec 2011 to Mar 2012, yes the income tax liabilities is there on you as this is the income in FY 2011-2012.

      Thanks

      Ashal

      Reply
  2. Ashal Jauhari says:
    August 11, 2012 at 1:18 am

    Dear Swapnil, is it CY 2011 or FY 2011-2012, you are talking about?

    Thanks

    Ashal

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.