.....Mr. Soham, an Indian Citizen, left India on 20-04-2015 for the first time to setup a software firm in Singapore. On 10-04-2017, he entered into an agreement with LK Limited, an Indian Company, for the transfer of technical documents and designs to setup an automobile factory in Faridabad. He reached India along with his team to render the requisite services on 15-05-2017 and was able to complete his assignment on 20-08-2017. He left for Singapore on 21-08-2017. He charged ` 50 lakhs for his services from LK Limited. Determine the residential status of Mr. Soham for the Assessment Year 2018-19 and examine whether the fees charged from LK Limited would be chargeable to tax as per the Income-tax Act, 1961.
Dec. 08, 2017