RESIDENTIAL STATUS: ​ The Income Tax Act, 1961, taxes individuals based on their residential status. Section 6 of the Act defines this status and helps determine the extent of income subject to tax. ​ 🔹 Resident Seafarers: ​ If a seafarer is classified as a resident, their entire global income is taxable in India. This includes their foreign salary. ​ Residents must file an ITR if their total income exceeds basic exemption limit, even if part of the income is earned outside

Dear Seafarer,   If you've received a notice  from the Income Tax Department , - you're not alone🙌 An Income Tax Notice  is a formal...

Dear Seafarer, ️   We understand the unique life you live — months away at sea, working hard to secure a better future for yourself and...