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shuush Profile picture
shuush
@sharrara_shara
Pata nahi
Feb 2, 2020 • 9 tweets • 2 min read
What is the chaos around NRI taxation in Income Tax Act?
Currently IT Act provides that if you are a resident of India (as per tests laid down in IT Act - your residency depends on the number of days you stay in India cumulatively), your worldwide income will be taxed in India. If you are non-resident in India (ie you don't cross the threshold of number of days for residency) only income received in or sourced to India will be subject to tax in India.