SC tells CBDT to address NRI tax fears

The tax uncertainty faced by non-resident Indians (NRIs) — which the
Budget didn’t address — and difficulties that companies may run into
following the proposal to dismantle Income Tax Settlement Commission
(ITSC) have triggered court cases.

On Wednesday, the Supreme Court directed the apex tax body Central Board
of Direct Taxes (CBDT) to respond to a representation from an NRI, who
may be exposed to higher tax, for having overstayed in India due to
Covid-19. And, on Tuesday, Saravana Bhavan, the largest chain of
restaurants serving South Indian food, filed a petition before the
Madras High Court to direct ITSC, which was formed to settle complex tax
disputes, to accept its application.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s