when we start filing...how many past years to start filing for
@arv653
Күн бұрын
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
@AKTAssociatesOfficial
23 сағат бұрын
@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
@bt9604
27 күн бұрын
Mini 185 days outside Also Only 180 days in an year And 365 days in last 4 years Then nri
@AKTAssociatesOfficial
27 күн бұрын
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.
@AG-bc9ij
2 жыл бұрын
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.
@AKTAssociatesOfficial
Жыл бұрын
No its applicable but you will qualify and NOR or RNOR, But will get same benefit
@chandonchakravarti
2 жыл бұрын
Thank you for excellent and informative video. Was very helpful to understand some aspects of IT for us.
@AKTAssociatesOfficial
2 жыл бұрын
Glad it was helpful! Thank you. Keep watching and do like and share with your friends.
@anuragsinghmeri
Жыл бұрын
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
@ankitadudhani7994
8 ай бұрын
What did you do?... I have the same question
@sush555
Ай бұрын
did you get the answer for this ?
@AnkitaSingh-ls1jt
2 жыл бұрын
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.
@mintodavid363
Жыл бұрын
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
@tomichanjose5487
Жыл бұрын
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.?
@AKTAssociatesOfficial
Жыл бұрын
Please reach out to our team at 8080088288
@muslimbhai9631
Жыл бұрын
Hii same issue plz advice ur no.
@akshaykharbanda3748
2 жыл бұрын
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
@AKTAssociatesOfficial
2 жыл бұрын
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.
@ManishKumar-hg3rl
3 ай бұрын
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?
@caaruntiwari3170
3 ай бұрын
ITR 4
@velpulasrikanth5210
Ай бұрын
ITR 4 Because tds made in 194C
@Chefatsea
2 жыл бұрын
Beautifully explained.....
@AKTAssociatesOfficial
2 жыл бұрын
Thanks a lot 😊
@debjyotikanjilal2610
Жыл бұрын
Sir, What needs to be done with Post Office Savings account Post Office MIS account and Atal Pension Yojana account.
@kunalkadam3742
2 жыл бұрын
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
@deet2117
Ай бұрын
Can seafarer file under 44ADA ?as it’s a contract (for officers & engineers)and not a fixed employment in any company.
@AKTAssociatesOfficial
Ай бұрын
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
@ddutta541
10 ай бұрын
No link given to download "Check resisdent statusfor seafarers" . Please provide
@durgaprasadbanerjee7093
2 жыл бұрын
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.
@AKTAssociatesOfficial
2 жыл бұрын
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
@kiranpalsingh833
Жыл бұрын
Hi sir , if on sailing I know I am not going to complete my NRI days, can I put my salary after 31 march.
@m2mlearntrain139
Жыл бұрын
Yes it can help only problem IT dept should not know that you deferring your salary
@ddutta541
10 ай бұрын
How do I downland the google sheet for "Check resisdent statusfor seafarers" as mentioned in your video. Please help🙏
@sandeepp9121
2 жыл бұрын
Very informative, nicely explained in a gentle and professional manner.. 👍👍👍👍👍 . Sir also make a video on AIS in eportal.
@caaruntiwari3170
2 жыл бұрын
Hi, Better to consult a CA than trying yourself. Its new compliance and should be taken carefully
@sandeepp9121
2 жыл бұрын
@@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.
@AKTAssociatesOfficial
2 жыл бұрын
You can file grievance to tax dept from that portal
@ShilpS07
Жыл бұрын
@@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.
@Mr.Mariner-IYAPPAN
Ай бұрын
180 days or 365 days proceeding 4 years ....both cant match ....180 days matching
@AKTAssociatesOfficial
26 күн бұрын
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
@leenusmarshal8577
Жыл бұрын
Good day sir.. Is that taxable which is transfer money from NRE to NRO account?
@m2mhindi
Жыл бұрын
No It is not taxable
@Tech-marine
Ай бұрын
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
@AKTAssociatesOfficial
Ай бұрын
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
@strangermarino1056
Жыл бұрын
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 ?
@Mark2Market
Жыл бұрын
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,
@muslimbhai9631
8 ай бұрын
Bro same is my concern ...plz advise
@meghajob5816
7 ай бұрын
Did u get any confirmation?@@muslimbhai9631
@meghajob5816
7 ай бұрын
@@muslimbhai9631did u get any confirmation
@meghajob5816
7 ай бұрын
Helo, did u get any confirmation
@tomichanjose5487
Жыл бұрын
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.
@ShilpS07
Жыл бұрын
The day you depart and arrive the immigration date stamp on your passport will be considered.
@vishalbarik3893
5 ай бұрын
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?
@AKTAssociatesOfficial
5 ай бұрын
@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
@mountainscalled6713
2 ай бұрын
where is the Google calculation sheet? give something for free atleast
@mihiramahapatra3377
7 ай бұрын
Sir if I stop sailing for a year what happens to the interest accrued on NRE account FD
@AKTAssociatesOfficial
7 ай бұрын
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.
@Raji_gra
2 жыл бұрын
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% ?
@AKTAssociatesOfficial
2 жыл бұрын
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
@ashokkumarshukla6077
2 жыл бұрын
@@AKTAssociatesOfficial ur office address send me
@ShilpS07
Жыл бұрын
@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% .
@jaineelshah6604
8 ай бұрын
If salary is received in US$. is it required to disclose that in ITR as except income? If yes, what conversion rates to be used?
@AKTAssociatesOfficial
8 ай бұрын
Yes, if your salary is received in US$, you are required to disclose it in your ITR. Use the applicable conversion rate for the financial year.
@tomichanjose5487
Жыл бұрын
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?.
@muslimbhai9631
8 ай бұрын
Hi u got ur tax
@devenderrawat3703
2 жыл бұрын
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.
@AKTAssociatesOfficial
2 жыл бұрын
NRI Residential status
@ShilpS07
Жыл бұрын
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
@m2mlearntrain139
Жыл бұрын
No If they are working on a foriegn going ship/vessal
@ShilpS07
Жыл бұрын
@@m2mlearntrain139 : Thanks for the reply Sir. Any reasons why so ?
@btsarmy2661
6 ай бұрын
Sir no. days are counted on the basis of passport dates or CDC dates.
@AKTAssociatesOfficial
6 ай бұрын
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
@ajithakk3178
2 жыл бұрын
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
@AKTAssociatesOfficial
2 жыл бұрын
It is not taxable if that is mere a transfer not earned or deemed to be earned in India
@pinkyromeo
2 жыл бұрын
Hi sir... Can you plz advise if I can get a refund for tds collected in 2017.. I have not filed my returns since
@AKTAssociatesOfficial
2 жыл бұрын
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
@nirpreetdhillon
2 жыл бұрын
Hello sir, according to which regulation NRI timelimit to reopen assesment is 14 years?
@caaruntiwari3170
2 жыл бұрын
It is as per income tax Assessment and reassessment procedure
@nirpreetdhillon
2 жыл бұрын
@@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🙏
@akzz1977
Жыл бұрын
Sir which is the best bank to open NRE ACCOUNT for seafarers?
@caaruntiwari3170
Жыл бұрын
Any National or Big Private Bank will be Good, I preference HDFC or IDFC bank
@akzz1977
Жыл бұрын
@@caaruntiwari3170 thank your sir
@vinaynaik1235
Жыл бұрын
Sir an Indian seafarer sailing on foreigh flag in Indian waters/coastal region is applicable for nre tax benefit on completion of nre time?
@AKTAssociatesOfficial
Жыл бұрын
completion of NRE days
@muslimbhai9631
8 ай бұрын
Hello brother same query i have u got ur tax back
@tajindermaan6273
2 ай бұрын
Witch itr we can file 1,2,3,4
@AKTAssociatesOfficial
2 ай бұрын
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
@inderjeetsingh2395
2 жыл бұрын
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?
@AKTAssociatesOfficial
2 жыл бұрын
No detail need to fill u this is for NRI working abroad on land, not for seafarer
@maheswarimaheswari4904
Жыл бұрын
But it's asking mandatory
@ShilpS07
Жыл бұрын
You can select India as jurisdiction and disclose your Passport number for tax identification number if you do not have PAN.
@luit9334
2 жыл бұрын
What form to you use sir. ITR 2?
@AKTAssociatesOfficial
2 жыл бұрын
If you have capital gain along with other income use this form
@roshangujaran3591
Жыл бұрын
being a seafarer can I get form 16
@Mark2Market
Жыл бұрын
If your Company Is an Indian Company and you have contract for Employment than you must get form 16 not in other cases
@MrPrateekmishraji
2 жыл бұрын
What are the charges for your service sir?
@AKTAssociatesOfficial
2 жыл бұрын
Sir you can contact us on 93726 44735 to know all details.
@AKTAssociatesOfficial
2 жыл бұрын
Sir you can also mail us on cs@aktassociates.com or you can share your details we will contact you
@jagannathshetty6196
2 жыл бұрын
@@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.
@aruntiwari3644
2 жыл бұрын
@@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
@AKTAssociatesOfficial
2 жыл бұрын
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
@sohan_89
Жыл бұрын
Sir, isn't it illegal to have an Indian account if you're an NRI?
@m2mhindi
Жыл бұрын
Sir you can contact us on 93726 44735 to know all details.
@AKTAssociatesOfficial
Жыл бұрын
Yes If you are an NRI , Convert Saving Account into NRO Accounts
@sohan_89
Жыл бұрын
@@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?
@rajeshmishra-lw8bv
Жыл бұрын
Simple hindi me bolte to jada acha hota
@AKTAssociatesOfficial
Жыл бұрын
अधिक जानकारी के लिए हमारे क्लाइंट सपोर्ट से संपर्क करें @ 8080088288 या हमें cs@aktassociates.com पर मेल करें, वे आपका मार्गदर्शन करेंगे।
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