Relief For NRIs Who Stuck In India- They Won't Lose NRI Status and Don't Need To File ReturnsMay 11, 2020 09:44
(Image source from: Captive.com)
Finance Minister Nirmala Sitharaman declared that NRIs don't need to file returns. It was ordered by the income tax department to make it an exception for the NRIs who are stuck in India due to lockdown.
Indians who are residing abroad are not considered as a resident for tax purposes by the income tax department if they spend less than 120 days. The point to be noted is, many NRIs exceeded the limit of 120 days stay in India as per COVID-19 condition and they may have to extend for a few more days.
An official from the financial ministry said that the Finance Minister received many people who are concerned about their stay in India as they need to file returns as Indian citizens. So, the minister addressed the issue of such people and extended their stay to determine their residence status.
The Finance Minister confirmed that the Central Board of Direct Taxes would extend the stay of NRIs without any tax returns in India as it is unsure about when the international flight will start. This exception is applicable for the financial year 2020-21.
This exception is for both the categories of NRIs who are staying back in the country from an evacuation flight or were already in the country.