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Economy - January 9, 2025

Run-up to Budget 2025: Restore 182 days residency rule for visiting NRIs and PIOs

January 9, 2025
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Run-up to Budget 2025: Restore 182 days residency rule for visiting NRIs and PIOs

The Finance Act, 2020 introduced a more complex tax residency determination for NRIs and PIOs, reducing the stay threshold from 182 to 120 days based on India-sourced income. Experts argue it complicates compliance without significant revenue benefits, potentially deterring economic activity and investment in India.

Author Of article : Lubna Kably

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