Tag: tax residency
Residential status of certain individuals under Income-tax for FY 2020-21 – CBDT clarification in view of suspension of international flights due to Covid-19 Circular No. 2 of 2021 F. No. 370142/18/2020-TPLGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 3rd March, 2021 Residential status …
CBDT gives relief on residency provisions due to lockdown & suspension of international flights Govt has granted relief on residency status to NRIs/foreign visitors whose stay in India got prolonged due to lockdown. Further, as per tweet by CBDT, Circular for determining the residential status in such cases …
Govt. Clarification-deeming Indian tax residency provisions as per Budget 2020 not to apply to bonafide workers abroad unless income is derived from Indian business/profession The Finance Bill, 2020 has proposed that an Indian citizen shall be deemed to be resident in India, if he is not liable …
Provisions of Tax Residency in India amended. Days of stay reduced for visiting Indian Citizens/Persons of Indian Origin. Period shortened for not ordinarily residents Modification of residency provisions Section 6 of the Income Tax Act 1961 provide for different conditions/situations in which an individual is considered to be …