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.
- Cash deposit in demonetisation held exempt assessee being resident of Arunachal Pradesh
- ICAI bans seven Chartered Accountants being guilty of professional misconduct
- ITAT deleted addition made on presumption – there cannot be loss in restaurant business
- Rent of plot taxed as income from other sources in absence of proof of structure on it
- Application invited for special Public Prosecutors in Income Tax Department NER Region