Sunday, November 1, 2020

NRIs in tax haven data told to prove residency status

The liability to pay tax in India depends on the residential status and not on the nationality or domicile status of tax payer. Under the residency rule, a person who stays 184 days or more abroad to take up employment or carry out business can avoid tax on overseas earnings for that year by claiming to be non-resident.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3kSkJ79

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