Financial Express-Deemed residency clause unchanged
The “demeed residency” clause remains unchanged from the current law in the Income Bill 2025, and the non-resident Indians (NRIs) will continue to be taxed on the income they earn in India, tax experts said.
There is no change as such in the meaning of resident or non-resident as per Section 6 of the new Bill, they noted.
The I-T Act, 1961 stipulates that for a taxpayer to be considered a “resident,” the condition of stay in India is 60 days or more in “current year.” This, however, does not apply to a citizen who leaves the country “for the purpose of employment outside India.” The new Bill replaces this expression with “for employment outside India,” to simplify the language.
