
Non-resident Indians (NRIs) living in the United Arab Emirates have been thrown into confusion by India's budget for 2020-21 which the government announced on Saturday. The 2020-21 budget raised the threshold over which Indians abroad acquire NRI status, and hence avoid double-taxation on their income overseas. Under the new regulations, if an Indian citizen stays out of India for more than 240 days, they automatically accrue non-resident status. The previous threshold for NRI status was 1...
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