The Income-tax Act, 1961, seeks to tax India-sourced income in the hands of all kinds of assessees, irrespective of their residential status which is determined based on their physical presence in India.
Partner
KR Chawla & CO
Even in cases when they are away, they continue to be liable to tax in India and the consequent compliance requirements such as obtaining a Permanent Account Number and filing the annual return of income with the tax authorities.
Additionally, while they are away from India, they may qualify to be a resident of another country, and thus be liable to tax on the same income, not only in India, but also in the second country.
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Sumes Dewan is a partner at KR Chawla & Co Advocates & Legal Consultants. The firm is headquartered in New Delhi and has offices in Chennai and Bangalore as well as a representative office in Singapore.
Head Office
7th Floor, Kailash Building
26, Kasturba Gandhi Marg
New Delhi – 110 001
India
Tel: +91 11 2335 7658-61
Fax: +91 11 2331 9997
Email: krclo@krcco.com
Singapore
9 Temasek Boulevard
#32-01 Suntec Tower 2
Singapore – 038989
Tel: +65 6432 5220
Fax: +65 6332 1485
Email:
krlcosingapore@krcco.com
