Monday, April 5, 2021

NRIs try to sidestep 'deemed residency' tax

These individuals are booking a slice of their income in jurisdictions like Singapore and Hong Kong to pay a small tax there in the hope that they would escape the glare of the Income Tax (I-T) department in India. Whether their aggressive strategy pays off would depend on how sternly tax officials interpret the law.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3mklN5o

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