New Delhi, May 9: The Finance Ministry on Friday announced relief to those who have been facing difficulty with their residency status in India under section 6 of the Income-tax Act due to lockdown and suspension of international flights owing to COIVD-19 outbreak, as they have had to prolong their stay in India.
According to a Central Board of Direct Taxes (CBDT) release, Finance Minister Nirmala Sitharaman today allowed discounting of prolonged stay period in India for the purpose of determining residency status after considering various representations received from people who had to prolong their stay in India due to lockdown and suspension of international flights.
They expressed concern that they will be required to file tax returns as Indian residents and not as NRIs after 120 days of stay.
The Finance Ministry stated that the lockdown continues during the financial year 2020-21 and it is not yet clear when international flight operations would resume, a circular excluding the period of stay of these individuals up to the date of resumption of international flight operations shall be issued for determination of the residential status for the financial year 2020-21.
A circular also said that in order to avoid genuine hardship in such cases, the CBDT has decided that for the purposes of determining the residential status under section 6 of the Act during the previous year 2019-20 in respect of an individual who has come to India on a visit before March 22, 2020 and:
(a) has been unable to leave India on or before March 31, 2020, his period of stay in India from March 22, 2020 to March 31, 2020 shall not be taken into account; or
(b) has been quarantined in India on account of novel coronavirus (Covid-19) on or after March 1, 2020 and has departed on an evacuation flight on or before March 31, 2020 or has been unable to leave India on or before March 31, 2020, his period of stay from the beginning of his quarantine to his date of departure or March 31, 2020, as the case may be, shall not be taken into account; or
(c) has departed on an evacuation flight on or before March 31, 2020, his period of stay in India from March 22, 2020 to his date of departure shall not be taken into account."
The release said there are number of individuals who had come on a visit to India during the previous year 2019-20 for a particular duration and intended to leave India before the end of the previous year for maintaining their status as non-resident or not ordinary resident in India.
"However, due to declaration of the lockdown and suspension of international flights owing to outbreak of COVID-19, they are required to prolong their stay in India. The status of an individual whether he is resident in India or a non-resident or not ordinarily resident, is dependent, inter-alia, on the period for which the person is in India during a year," it said.
Comments
This MLA will become PM in Incredible India.
Anything is possible in India until People wake up and fight for their rights instead of religion.
Naren Thailand/Singapore comment is missing. May be busy with applying for bail for this terrorist.
wow what a frustration ...bachalis from one particular community here are shouting and screaming at modiji ... lakalakalaka... in two years itself they came to know their back stabbing third rated work wont work with BJP anymore and if at all modi becomes PM for second time .. they are gone for ever .we nationalist indians are intelligent enough to figur out who is bad and who is good .. so pinkaan muchi koorabekaagi vinanthi .. hahahaha jihadi gala pinkaan ge benki idi
KILL HIM AT THE SPOT.
PLEASE THINK ALL VOTERS BEFORE ELECTING SUCH STUPID LEADER.
Dear all..dont become Anti nationalist by disgracing such a great Desh bakth MrMakanwala......thus Bhakth says
Feku will release him as early as possible.....
NRI PM MODI ACCHE DIN ( GOOD DAY) FOR GUJRATH PEOPLE
Indians should beat themselves by footwear for electing these goons everywhere.
Add new comment