India withdraws plan to tax NRIs' global income

India announced major relief measures for non-resident Indians  by relaxing a budget proposal to tax them, putting in place a threshold of Rs1.5m for the levy of tax on incomes emanating from India, while leaving out global incomes. The changes formed part of the amendments in the Bill, which was passed in the Indian parliament by voice vote without discussion. The government had proposed to tax global income of NRIs who are not taxed in any jurisdiction, but later clarified that only incomes of NRIs derived from doing business in India or undertaking a profession in the country will ...