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Megavarshini G. Somasundaram

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New Income Tax Bill Retains NRI, Resident Definitions

 |  Tuesday, February 18, 2025, 09:12 [IST]
The upcoming Income Tax Bill maintains the existing criteria for tax residency. Before its introduction, reports speculated that NRIs-especially those earning ₹15 lakh or more in India while not paying taxes in any other country-might be reclassified as 'residents' instead of ...