New Delhi, April 22 -- -Name withheld on request

Taxability of an individual depends on the residential status in India under the domestic tax laws, which in turn is dependent on the physical presence in India in the relevant financial year (FY) i.e. period from 1 April to the following 31 March and in the past seven of 10 preceding FYs.

If your physical stay in India during FY 2023-24 exceeds 59 days, you are likely to qualify as a Resident and Ordinarily Resident (ROR) in India for FY 2023-24.

Also, for FY 2024-25, assuming the same arrangement continues, the same residency threshold should apply subject to actual examination. Residency for future FYs would need to be evaluated based on specific facts and circumstances for that FY. ...