Double Taxation Worries Addressed for NRIs

 NRIs stuck in India as a result of the COVID-19 travel restrictions had double taxation worries that were recently addressed by the government of India. Authorities have asked such non-residents who faced double taxation in the due course of their stay in India to submit the relevant information by the end of March. As a result of the Double Tax Avoidance Agreement (DTAA), “there shouldn’t be any situation under which the individual taxpayer would be under a hardship of having double taxation in two countries due to the Covid-19 situation” iterates Nishit Parikh, the partner, direct tax and regulatory services at Sudit K. Parekh & Co, a Mumbai-based chartered accountants firm.

SBNRI Team

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