Union Budget 2020: 'Non-taxpaying NRIs to be taxed in India'

The Budget has proposed to introduce a provision that every Indian citizen who is not liable to tax in any other country, by virtue of his domicile or residence, shall be deemed as a resident of India. Consequently, his global income would be taxable in India. The new provision "will adversely impact High Networth Individuals using the domicile mechanism to evade tax."

from Times of India https://ift.tt/3b6BCXs