Budget 2021: Residency problem persists for NRIs, but retirement fund glitches removed
For NRIs stuck in India due to COVID-19, the tax problem persists. But mismatch in taxation period and retirement benefit funds will be addressed
Source: AFP
Contrary to what many income tax experts had expected, finance minister Nirmala Sitharaman did not change the requirement for a person to be classified as a non-resident Indian (NRI). The underlying and existing rule remains intact: those who live in India for 120 days will be considered NRIs, as opposed to 182 days earlier.
But another matter that results in significant litigation has been addressed.