No residency rules tax relief for NRIs stranded due to Covid for FY 2020-21 in Budget 2021

Card image cap


Synopsis
​​These stranded NRIs had been given relaxation in residency criteria for income tax purposes for FY 2019-20. NRIs were seeking relaxation because the rules for determining the residency for an NRI have changed from FY 2020-21.
Getty Images
Non-resident Indians (NRIs) stuck in India due to the coronavirus pandemic have not been given any relaxation in residency criteria for FY 2020-21 by Budget 2021. Such individuals have been demanding relief under the residency criteria because this may impact the taxation of the global income of the NRIs.
These stranded NRIs had been given relaxation in residency criteria for income tax purposes for FY 2019-20. NRIs were seeking relaxation because the rules for determining the residency for an NRI have changed from FY 2020-21.

Related Keywords

India , Abhishek Soni , Suresh Surana , , Non Resident Indians , Income Tax , Ordinarily Resident , Not Ordinarily Resident , Central Board , Direct Taxes , இந்தியா , அபிஷேக் சோனி , சுரேஷ் சூரனா , அல்லாத குடியிருப்பாளர் இந்தியர்கள் , வருமானம் வரி , மைய பலகை , நேரடி வரி ,

© 2024 Vimarsana

vimarsana.com © 2020. All Rights Reserved.