Non-resident Indians want clarity from the budget
Wishlist includes one-year extension to temporary uplift in days NRIs can spend in the country NRIs expect a less cumbersome tax regime, lighter tax burden, clear definition of provisions and a relief on residential status in the forthcoming general budget to be presented by India’s finance minister on 1 February 2021. Many NRIs were caught unawares and stuck in India during the long lockdowns following the covid-19 pandemic spread in 2020. Those who visited India in March 2020 for a short duration were forced to extend their stay in India beyond April 2020 as international flights remaine...