Section 6 (1) (a), of the Income Tax Act, 1961 has been proposed to be amended to redefine an ‘NRI’:
“Now an Indian citizen or a person of India origin has to stay 120 days instead 182 days in India in order to be considered as a NRI”
Also, an additional requirement has been included in the proposed amendment:
“An Indian citizen who is not liable to tax anywhere would be deemed to be resident in India”.
February 21, 2020
by Farhat Ali Khan
Can the proposed amendment lead to any of the following:
At CMI, our team has been working hard to find the right answers if there are any doubts which would require a clarification. We have been following the statements/press releases issued by the ‘Central Broad of Direct Taxes’ of the Govt of India.
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