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Finance Facts: May 2020
Business

Income Tax for NRI and how income will be taxed in India effective from FY 2020-21 (AY 20-21)

May 16, 2020
Among the global pandemic crisis and the expected economic turmoil, the Finance Bill 2020 has been passed by the Parliament with some major relaxations on March 23, 2020. At the stage of the passing of the Bill, the amendments originally proposed in the criteria determining 'residential status' in India of a person in the Finance Bill 2020 were relaxed. This change will directly...

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