SC tells CBDT to address NRI tax fears
Mumbai: The tax uncertainty faced by non-resident Indians (NRIs) — which the Budget didn’t address — and difficulties that companies may run into following the proposal to dismantle Income Tax Settlement Commission (ITSC) have triggered court cases. On Wednesday, the Supreme Court directed the apex tax body Central Board of Direct Taxes (CBDT) to respond to a representation from an NRI, who may be exposed to higher tax, for having overstayed in India due to Covid-19. And, on Tuesday, Saravana Bhavan, the largest chain of restaurants serving South Indian food, filed a petition before the...
Source: indiatimes.com