Residential Status - is Nepal ?

Pawan Mittal (Querist) 22 September 2008 This query is : Resolved
is the Nepal comes under foreign country to decide the residential status of individual ?

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ARVIND JAIN (Expert) 22 September 2008
FOR INCOME TAX? NO NOT AT ALL.

Pawan Mittal (Querist) 22 September 2008
why ?

Adv.Shine Thomas (Expert) 22 September 2008
Nepal is considered as foreign country in residential status.

Guest (Expert) 22 September 2008
Nepal is a foreign country, but there are lot of bilateral agreements under ASEAn and SAARC of ther such organisations which will reduce the taxes or aviod double tax.

G. ARAVINTHAN (Expert) 22 September 2008
Under the Constitution Nepal was not recognized as state of Indian Union.
It is definitely a foreign country

Adv.Shine Thomas (Expert) 23 September 2008
According to a long understanding treaty Indians and Nepalese citizens may travel to each others contries without passport or visa.Nepalese citizens may work in India without legal restriction.

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