Saturday, July 11 2020

February 2, 2020

NRIs can lose their status if they stay in India continuously for 120 days

New Delhi-A circular issued by the Indian Finance Ministry has raised concerns about the status of (NRIs) in the context of income tax.Acordingly, NRIs can lose their status if they stay in India continuously for 120 days instead of the current fixed period of 180 days.he circular states that any Indian migrant – who stays outside the country for jobs and other reasons and who stays in India for 120 days or more – is liable to pay taxes in India.
There is also growing concern in the NRI community about whether India is trying to expand the tax net by including them.Because a new provision says that if a non-resident is not paying tax in his country of residence outside India, then his global income will be taxed in India.Many NRIs say they need to immediately clarify this change with the Finance Ministry of India.