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 law...