A simple deletion in Direct Tax Code affects Millions of Non Resident Indians

Tags : 'direct tax',tax,nri,'non resident indian','residency','income tax act',law,

Industry : Law
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Direct Tax Code is going to effect millions of Non Resident Indians and Person of Indian Origin as far as their status as Non Resident is concerned when they come on visit to India.

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Direct Tax Affects NRIs and Person of Indian Origins

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A resident’s global income is taxable in India. A non resident can easily become residentas per Direct Tax Code if does not give attention to number of days he stayed in India. Read this posting to know new scheme of recdiency under DTC 2010. So, if a non resident becomes resident in India , whether his income aborad is also taxable in India . Fortunately , for one year , there is grace period given to him. This is provised in 29. Any income accruing to an individual outside India, in a financial year from a source other than a business controlled in or a profession set up in India, if the individual— (a) has been a non-resident in India in nine out of ten financial y...

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In which organization steady and healthy growth are more efficient ?

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Family Organization

Non Family Organization

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	NATTERAJA R. ARIKRISHNAN \| Argues in support of "Non Family Organization" \| 2 years ago
	In my opinion both organizations have steady and healthy growth. However, the organizations run by families have little bit more centralization of power in the hands of the family members and consequently the managers have to await nod from them...

	Bhavesh \| Argues in support of "Family Organization" \| 2 years ago
	Hi Gargi! Well we all kow that family organizations are more growthfull than non- Family. You can review the Past history like Bidla group, Tata Group, Reliance and many more.. Actually Family organizations make a brand and follow some traditional...

	Gargi Sinha \| Argues in support of "Family Organization" \| 2 years ago
	Family organizations work equally good and at times better. We get freedom to do things here as well and to add to it we get the trust of the family which is a crucial part in one's progress. The point here is not that is it about family or non...

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