Budget 2020 | NRI to pay Income Tax in India? (Tamil) (தமிழ்)
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- Опубліковано 6 лют 2020
- Finance Minister Nirmala Sitharaman in her Budget for 2020-21 had proposed to tax Non-resident Indians (NRIs) who do not pay taxes in any foreign country. This provision raised anxiety in minds of those working in the Gulf region where countries don't tax income earned by individuals.
Later, The Central Board of Direct Taxes (CBDT) in a statement said the new provision is not intended to include those Indian citizens in the taxation net, who are bonafide workers in other countries.
An "Indian citizen shall be deemed to be resident in India if he is not liable to be taxed in any country or jurisdiction. This is an anti-abuse provision since it is noticed that some Indian citizens shift their stay in low or no tax jurisdictions to avoid payment of tax in India," it said. "The new provision is not intended to include in tax net those Indian citizens who are bonafide workers in other countries," it said.
Thanks brother
Thanks for the explanation
I'm soo happy to listen the video
Because I'm in NRI working person
Actually my thoughts are I'm also need to pay the taxes
Tax for seafarers?? Please explain
Nre tax Iruka epo
Pay or not....tell yes or no....no need story
It’s not clear and direct answer … draaaaaged video