Of 182 days rule |
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Sep 28th, 2005, 01:31
| #1 |
| Senior Member  Join Date: Jul 2005 Location: east & west
Posts: 182
| Of 182 days rule Is it in any other way useful to have spent minimum 182 days in India within one financial year from April 1 to March 31, than that it will enable one to purchase property in India? If those minimum 182 days are in your old passport, are they still well valid after some years in the future? Thanks for clarifications! |
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Sep 28th, 2005, 01:34
| #2 |
| Guru  Join Date: Sep 2004 Location: Hollywood
Posts: 4,729
| i think you have to purchase property the same fiscal year that you were resident. goancanuck is the resident expert. what are the other implications of becoming a resident? would you have to pay income tax in india? |
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Sep 28th, 2005, 01:55
| #3 |
| This is just a cameo appearance  Join Date: Oct 2004 Location: Chennai, India
Posts: 38,213
| I think the wording is in the previous tax year |
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Sep 28th, 2005, 23:09
| #4 | |
| Maha Guru Member Join Date: Oct 2004 Location: Vancouver
Posts: 3,552
| Quote:
Example: Mr. John Doe stayed 183 days in India between 1April 2004 and 31 March 2005. Mr.John Doe is eligible for getting a residency certificate between 1April 2005 and 31 March 2006. Mr. John Doe is no longer eligible from 1 April 2006 onwards unless he again stays 183 days in 1 fiscal year. | |
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