No tax on salary income earned by non-resident Indian citizens in Gulf countries – Finance Minister
The Union Finance Minister has clarified that the Finance Act, 2021 hasn’t brought in any additional or new tax on hardworking Indian workers in Saudi/UAE/Oman/Qatar. It has merely incorporated general definition of the term “liable to tax” in the Income Tax Act to provide clarity.
In a tweet she stated that the amendment has not altered the taxability of salary income earned by non-resident Indian citizens in Gulf countries. Their salary income earned in Gulf countries would continue to be exempt in India.
Refuting the news at social media, it was stated that drawing conclusions without comprehending the facts is worrying. Further, putting out the conclusion on a social media platform not only misleads but also creates unwanted panic among people.
- ESI Corporation Coimbatore invites tenders for Empanelment of CA Firm for FY 2025-26
- Fixing date of personal hearing prior to date of filing reply – GST order quashed
- MCA designates 3 Special Courts for speedy trial of offences u/s 435(2)(b) of Companies Act
- Exemption u/s 54EC allowed for delayed investment in REC Bonds
- There is no provision in GST Act for reserving judgement and delivering it later