Mr. Bhanu, a citizen of India, stay 45 days in India during the financial year 2025-26, earlier to this year he always stayed in India. He provides the following income details during the year ended 31st March, 2026: (i)

Residential Status of Mr. Bhanu for A.Y. 2026-27 Since during the financial year 2025-26 Mr. Bhanu stay in India only for 45 days, hence he is not fulfilling any of the basic condition of residential status in India either u/s 6(1) or 6(1A). So, he is Non-Resident (NR) under Income Tax Act, 1961 for the assessment year 2026-27. Computation of Gross Total Income of Mr. Bhanu for A.Y. 2026-27 [As per section 115BAC i.e. default tax regime] Particulars Amount (₹) Salary received in India for 45 days 1,80,000 Less: Standard Deduction (75,000) 1,05,000 Interest on saving bank deposit in HDFC Bank (India) 20,000 Amount brought into India out of past untaxed profits earned in Japan (Not taxable) - Income from agriculture in Sri Lanka, retained there (Not taxable) - Income from business in Nepal, controlled from India (Not taxable for NR) - Dividend received in USA from a US company (Not taxable) - Dividend brought into India (Not taxable) - Gross Total Income 1,25,000