How is a seafarer's income taxed?
Mon, May 6, 2024 6:07 PM

How is a seafarer's income taxed?

A Flip by Riya Sharma
Get it on Google Play
I am a seafarer and have stayed in India for roughly 135 days and worked on an Indian-flag ship for the remaining period (approximately 230 days) in the last financial year. I receive my salary in NRE (non-resident external) account. In the last financial year, I sold some part of my ancestral land that was lying vacant for ₹77 lakh. The buyer had deducted tax at source while making the payment.

More great flips

You Can Do Better Than the S&P 500. Buy This ETF Instead

You Can Do Better Than the S&P 500. Buy This ETF Instead

Investing isn't a one-size-fits-all situation, which is why there are so many different investment approaches you can follow. And yet the common reference point for most investors is the S&P 500 (SNPINDEX: ^GSPC) index. Here's one big problem for a retired investor in need of income who just defaults to the S&P 500: The index's dividend yield is a scant 1.3% today.

Open Flip
A Once-in-a-Generation Investment Opportunity: 1 Data Center Stock

A Once-in-a-Generation Investment Opportunity: 1 Data Center Stock

Artificial intelligence (AI) is the biggest tailwind in the technology sector right now. Generative AI has myriad applications, and mega-cap-tech behemoths are leading innovation efforts across the industry.One of the subtle growth opportunities in AI is data centers. In fact, Statista estimates that network infrastructure, storage, and server solutions will be a $439 billion opportunity by 2024.

Open Flip
Home Depot Same-Store Sales Fall Again. Where Is the Stock Headed?

Home Depot Same-Store Sales Fall Again. Where Is the Stock Headed?

Home Depot (NYSE: HD) saw its same-store sales (or comps) fall once again, as the home improvement retailer deals with a difficult home remodeling market and a more cautious consumer. It was the sixth straight quarter in which the company saw its comparable-store sales fall.Comps are a good indication of the strength of a retailer's business.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon