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Tax Benefits to Seafarers

Tax Benefits to Seafarers .

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The Indian seafarers, working out of India, for 181 days are considered as Non Resident Indians [NRI]. Accordingly, they get the tax benefits applicable to NRIs. However, with a view to provide a uniform method of computation of period of stay in India for the purposes of determination of Resident status in the case of Indian seafarers, whether working on a Indian ships or foreign ship, Union Finance Minister in the Union Budget 2015-16 has announced that an enabling power will be provided to Central Board of Direct Taxes (CBDT) to prescribe the same in the rules. .

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The Ministry of Shipping has sent written communications to the Department of Revenue for working out the methodology for computation of Resident status of seafarers. .

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This information was given by Minister of State for Shipping, Shri Pon. Radhakrishnan in a written reply to a question in the Lok Sabha today. .

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First Published: Thu, August 13 2015. 18:20 IST