NRIs in tax havens get notices from I-T dept - Business News: Latest Share Market , Economy & Finance News | Trendmergers

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NRIs in tax havens get notices from I-T dept

The liability to pay tax in India depends on the residential status and not on the nationality or domicile status of tax payer. Under the residency rule, a person who stays 184 days or more abroad to take up employment or carry out business can avoid tax on overseas earnings for that year by claiming to be non-resident.

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