Pay double tax if stay in India for more than 60 days

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hchheda
Member since: Aug 05

Posts: 2245
Location: Woodbridge
Post ID: #PID

Posted on: 26-11-10 11:27:25

Quote:
Originally posted by tamilkuravan

Quote:
Originally posted by web2000

A new law coming into effect from April 1, 2012 >>>>>>>>>>>

This has been discussed on many NRI forums.
Happy April fool folks .....

PEace

Yes, in that sense all Indians have been April fools since our taxation years started ending on March 31st of every year. Unless there has been some urgent or pressing need, ALL Indian income tax laws are always applicable from April 1.

Peace!

Hiren

over2canada
Member since: Aug 10

Posts: 72
Location: Kipling
Post ID: #PID

Posted on: 03-12-10 22:53:32

Indian Govt want money without doing anything in return.

web2000
Member since: May 06

Posts: 849
Location:
Post ID: #PID

Posted on: 06-12-10 11:02:18

Quote:
Originally posted by over2canada

Indian Govt want money without doing anything in return.

But same is here in Canada. I pay health care tax every month from my pay. But when I need any service then wait for months. They have good excuse of this long waiting list.

Gapodi
Member since: Aug 04

Posts: 186
Location:
Post ID: #PID

Posted on: 06-12-10 16:03:32

Quote:
Originally posted by chekram_04

Quote:
Originally posted by febpreet

Looks to be only applicable for NRIs, and not Cdn. Citizens vacationing for more than 2 months. If I am not wrong.

According to IT Act NRI includes not only Indian citizens but a person of Indian origin who is born outside India, or a person of Indian origin who resides permanently outside India.
See
http://en.wikipedia.org/wiki/Non-resident_Indian_and_Person_of_Indian_Origin" target="_blank">LINK

So I think that new law will be applicable to all PR holders, cdn citizens, PIO holders and OCI holders.

ABSOLUTELY WRONG

Did you read the very first line of the article you have quoted?

Notice the word "Indian Citizen".......How exactly is anyone still an Indian citizen if you have taken citizenship of another country and no longer hold an Indian Passport.
You cease be Indian citizen that day.
The proposal is to extract money from Indian citizens who are ordinarily not resident in India (NRI) but spend more than 2 months in India. If they still hold Indian passports, still live in India for x number of days then "their" govt has every right to do what it wants provided such a promposal becomes a law.

No govt can ask you for your tax return and tax you if you are just visiting that country and are not a citizen of that country. The situation may change if you have business transactions in that country.

Read the proposal carefully:
http://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/DTC-Bill-brings-bad-news-for-NRIs/articleshow/6497905.cms

http://indiatoday.intoday.in/site/Story/111627/Business/nris-to-face-more-tax-pressure-in-new-dtc.html

There is difference between Indian, NRI, PIO, Dual citizen and OCI

Contributors: web2000(3) febpreet(2) tamilkuravan(1) hchheda(1) over2canada(1) Gapodi(1) KumarM(1) chekram_04(1)

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