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Despite their physical presence abroad, NRIs maintain tax obligations on their Indian-sourced income.The capital gains tax provisions for NRIs are similar ....
While Non-Resident Indians NRIs are not required to obtain an Aadhaar number, the recent conclusion of the deadline for linking PAN and Aadhaar numbers caused distress for many NRIs, as their PAN cards have become inoperative. ....
Salary earned by Indian workers in Gulf exempt from tax: Finance minister Top Searches Salary earned by Indian workers in Gulf exempt from tax: Finance minister TIMESOFINDIA.COM / Updated: Apr 1, 2021, 19:58 IST FacebookTwitterLinkedinEMail FM Sitharaman clarified that NRI workers in Saudi, UAE and Qatar will not face any altered tax liability. (File photo) NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday clarified that the salary earned by Indian workers in Gulf countries would continue to be exempt from income tax in India. Reacting to a tweet by Trinamool Congress (TMC) MP Mahua Moitra, the finance minister emphasised that recent amendments in the Finance Act, 2021 will not put any additional or new tax burden on non-resident Indians working in the Gulf. ....
Indian Workers Salary In Gulf Exempt From Income Tax: Nirmala Sitharaman Finance minister Nirmala Sitharaman said this in response to a tweet by TMC MP Mahua Moitra that Indian workers in the Gulf were being taxed ‘extra’. PTI Outlook Web Bureau 2021-04-01T21:10:12+05:30 Indian Workers Salary In Gulf Exempt From Income Tax: Nirmala Sitharaman outlookindia.com 2021-04-01T21:40:08+05:30 Salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India, finance minister Nirmala Sitharaman said on Thursday. Sitharaman, quoting a tweet of Trinamool Congress MP Mahua Moitra, said the Finance Act 2021 has not brought in any new or additional tax on Indian workers in Saudi/UAE/Oman or Qatar. ....
Mumbai: The tax uncertainty faced by non-resident Indians (NRIs) which the Budget didn’t address and difficulties that companies may run into following the proposal to dismantle Income Tax Settlement Commission (ITSC) have triggered court cases. On Wednesday, the Supreme Court directed the apex tax body Central Board of Direct Taxes (CBDT) to respond to a representation from an NRI, who may be exposed to higher tax, for having overstayed in India due to Covid-19. And, on Tuesday, Saravana Bhavan, the largest chain of restaurants serving South Indian food, filed a petition before the Madras High Court to direct ITSC, which was formed to settle complex tax disputes, to accept its application. ....