NRIs in tax havens get notices from I-T dept

The liability to pay tax in India depends on the residential status and not on the nationality or domicile status of tax payer. Under the residency rule, a person who stays 184 days or more abroad to take up employment or carry out business can avoid tax on overseas earnings for that year by claiming to be non-resident.

from Stocks-Markets-Economic Times https://ift.tt/34LimNK
via IFTTT