New Earnings Tax Invoice leaves the definition of NRIs & residents unchanged, ETCFO
The upcoming Earnings Tax Invoice has left the standards for tax residency unchanged. Forward of the Invoice being tabled, reviews steered NRIs, notably these incomes Rs 15 lakh or extra in India whereas not paying taxes elsewhere, could be labeled as ‘residents’ as an alternative of Resident however Not Ordinarily Resident (RNOR). Below the proposed…