Who Is Eligible To Pay Taxes?


Nirmal Singh Lotus has geared himself to clear the misty sky about the ongoing confusion on filing the taxes and understanding the eligibility criteria. The returns and the fillings of these transactions are quite intrinsic, for the man himself has taken the charge to simplify the whole process. It is the need of the hour for the Indians who are settled abroad to know the tax obligations in India.
Indeed, the rules and regulations need revision to make the process easier for green card holders in the US or those who have acquired citizenship in any other country. To make it a regulated system the Central Board of Direct Taxes (CBDT) that providing details was optional and this will further help in facilitating refunds in case where individuals do not hold a bank account in India.

Nirmal Singh Lotus defines tax residential status and explains its importance:
If a person is a non-resident Indian (NRI), his country of origin will not be accountable for taxability. These laws are defined in India’s tax laws with a reference term as 'tax resident' or 'non-resident'. For example, if a person comes from UK and is working in a UK based firm in Mumbai, then he will have to pay taxes in India. While on the other hand, if an Indian has recently shifted to Australia around March 20 and had lived in the financial year 2016-17, then he will have to pay the taxes in India only.

Who can pay taxes?
According to Nirmal Singh Lotus, the tax is drafted as per the number of days spent by an individual in India. This has been explicitly mentioned in the Income Tax (I-T) Act, defining the tax paying eligibility of an individual in India. Further, it demarcates the categories of incomes, whether that falls under the norms or not. Henceforth, do find out that you fall in which category.

Nirmal Singh Lotus quotes the norms right from the constitution, “An individual is considered to be a tax resident of India (also referred to as Indian tax resident) for a financial year (say FY 2016-17) if (i) he has been in India for 182 days or more during that FY, or (ii) he has been in India for 60 days or more during that particular FY and has lived in India for at least 365 days or more during the four years immediately preceding.”

In a nutshell, the number of days spent in India is counted before filing the tax. Nirmal Singh Lotus thinks that it is now much easier for the people to do the whole process.


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