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Finance Minister Nirmala Sitharaman on Thursday said salary income earned by non-resident Indians in Gulf countries would continue to be exempt from tax in India. Quoting a tweet of TMC MP Mahua Moitra, Sitharaman clarified that the Finance Act 2021 has not brought in any new or additional tax on Indian workers in Saudi/UAE/Oman/Qatar. The minister said the said amendment in the Finance Act, 2021, has merely incorporated general definition of the term liable to tax in the Income Tax Act to provide clarity. This 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, the Office of Finance Minister Nirmala Sitharaman tweeted. ....
Expect Gulf countries to be helpful in facilitating early return of Indians to work: Jaishankar Premium Indian Minister of External Affairs Subrahmanyam Jaishankar speaks to the media in Washington, U.S., December 18, 2019. REUTERS/Joshua Roberts/File Photo (REUTERS) . Updated: 15 Mar 2021, 05:24 PM IST PTI Jaishankar said re-employment concerns of people working abroad will be addressed by the government and it is working to improve economic growth and create job opportunities Share Via Read Full Story NEW DELHI : External Affairs Minister S Jaishankar on Monday told Parliament that India is fully cognizant of the plight of Indian workers and students abroad on account of the COVID-19 pandemic, and has repatriated 45.82 lakh people from 98 countries under the Vande Bharat Mission till date. ....
No change in residency status conditions for FY21 for those stranded here due to Covid-19 Doubts regarding the residency status of those who are stuck in India during FY21 were expected to be clarified in the Budget. But the Budget was silent on the issue. The Central Board of Direct Taxes (CBDT) has now come out with a circular on this. The long-awaited circular has not changed conditions for determining the residential status, but it has reiterated that the possibility of double taxation is low. If you have been stranded in India and working out of home, here’s what you need to know: ....
The government of India has agreed to provide relief from double taxation to Indians living abroad who had to stay in India beyond their tax exemption stay limit on account of disruptions caused by the COVID-19 pandemic. ....