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Clarification in respect of residency under Income-tax Act, 1961

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..... Clarification in respect of residency under Income-tax Act, 1961 - News and Press Release Dated:- 4-3-2021 - News - The Central Board of Direct taxes (CBDT) has received various representations requ .....

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..... esting for relaxation in determination of residential status for previous year 2020-21 from individuals who had come on a visit to India during the previous year 2019-20 and intended to leave India bu .....

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..... t could not do so due to suspension of international flights. The matter has since been examined by CBDT. In this context, Circular No. 2 of 2021 has been issued by CBDT today. Vide the said Circ .....

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..... ular, it has been provided that if any individual is facing double taxation even after taking into account the relief provided by the relevant Double Taxation Avoidance Agreement (DTAA), he/she may fu .....

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..... rnish the specified information by 31st March, 2021 in Form NR annexed to the said Circular. This form is to be submitted electronically to the Principal Chief Commissioner of Income-tax (Internation .....

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..... al Taxation). Circular No.2/2021 can be accessed on www.incometaxindia.gov.in. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TM .....

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..... I - TaxTMI - TMITax .....

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