The Headlines – Run-up to Budget 2025: Restore 182 days residency rule for visiting NRIs and PIOs

The Finance Act, 2020 introduced a more complex tax residency determination for NRIs and PIOs, reducing the stay threshold from 182 to 120 days based on India-sourced income. Experts argue it complicates compliance without significant revenue benefits, potentially deterring economic activity and investment in India.

The Headlines – Business News: Business News, Business News Today, Latest Business News, Stock Markets, Financial News, India Business & World Business News – Read More