NRI Taxation
The taxation system in India is undergoing tremendous changes and there are a lot of new tax structures and different tax schemes that are introduced in the Budget. A new kind of tax regime is developing under Transfer Pricing Methodology which is radically going to change the outlook of the tax laws in India.
Many of the exemptions are being withdrawn or amended. But let’s first understand that who is considered to be a Non Resident Indian (NRI) under the Income Tax Acts.