Budget shocker: Modi govt proposes tax on non-taxpaying NRIs

News Network
February 1, 2020

New Delhi, Feb 1: The budget is a little more demanding of the non-resident Indian. Firstly, to be categorized a non-resident, an Indian now has to stay abroad for 240 days, against 182 previously. In other words, an Indian national, to claim the non-resident status, can’t stay in India for 120 days or more in a year.

“We've made changes in Income Tax Act where if an Indian citizen stays out of the country for more than 182 days, he becomes non-resident,” said Revenue Secy Ajay Bhushan Pandey. “Now in order to become non-resident, he has to stay out of the country for 240 days.”

The second rule is more deadly: a non-resident Indian, who is not taxed in the foreign country, will become taxable in India.

“If any Indian citizen is not a resident of any country in the world, he'll be deemed to be a resident of India and his worldwide income will be taxed,” said Pandey.

"It's a very big disadvantage for Indians residing overseas only to save on tax,"  said Dinesh Kanabar of Dhruva Advisors. He expects that many Indians stay abroad in countries, where the income tax is low or nil such as Dubai. Now they will be taxed in India if they are in the income tax bracket.

For Indians, finance minister Nirmala Sitharaman revised income tax rats and proposed new tax slabs.

The new income tax rates will, however, not allow exemptions under Section 80C. Home loan exemption, insurance exemptions, the standard deduction will also not stay under the regime.

"The new tax regime will be optional and the taxpayers will be given the choice to either remain in the old regime with exemptions and deductions or opt for the new reduced tax rate without those exemptions," Sitharaman said while unveiling Budget.

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Kannadiga
 - 
Saturday, 1 Feb 2020

Good news NRIs vote for modi . 

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News Network
October 16,2020

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Bengaluru, Oct 16: The City Crime Branch (CCB), Bengaluru has served notice to actor Vivek Oberoi's wife Priyanka Alva Oberoi over links with brother Adithya Alva in connection with the Sandalwood drug case, the concerned officials said on Friday.

The CCB had raided actor Vivek Oberoi's Mumbai residence in search of his relative Aditya Alva in connection with the case on Thursday.

Aditya Alva, son of former Karnataka Minister Jeevaraj Alva, is one of the accused in the Sandalwood drugs racket.

Earlier, Kannada actress Ragini Dwivedi was arrested and taken into custody for her alleged involvement in a drug case.

Notably, Kannada filmmaker Indrajit Lankesh, had appeared before the CCB and revealed information about the consumption of drugs in the Kannada film industry.

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October 21,2020

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Bantwal, Oct 21: Tulu film actor and rowdy-sheeter Surendra Bhandary Bantwal was found murdered in a residential apartment in Bantwal.

The incident came to light this afternoon. It is suspected that miscreants might have hacked him to death last night or this morning.

He had acted in Tulu movie ‘Chaali Polilu’. Police personnel rushed to the spot and undertook investigation.

He was a hardline Hindutva activist. However, due to personal differences with some leaders he had distanced himself from the Sangh Parivar.

In June 2018, he was arrested along with two others in a case of an attempt to murder three persons belonging to BJP in Baddakatte in Bantwal.

Also Read: Saffron activist-turned-film actor Surendra among three held for assault on BJP activists

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News Network
October 14,2020

Bengaluru, Oct 14: Central Crime Branch (CCB) sleuths have arrested Ashwin Bhogi, a suspect in the Sandalwood drugs case, from Chikkamagaluru.

Bhogi was on the run after CCB arrested suspended RTO clerk BK Ravi Shankar in the case. He has been named accused number nine in the FIR registered at Cottonpet police station.

Joint Commissioner of Police (Crime) Sandeep Patil said Bhogi was picked up from Chikkamagaluru on Tuesday after a lot of efforts and brought him to Bengaluru.

During interrogation, Ravi Shankar reportedly confessed that Bhogi was an important link between him and drug peddlers and often helped him get narcotics.

Police believe that Bhogi's arrest may lead to stronger evidence and more suspects in the case. The CCB special team handling the case is still at work in tracing other suspects still on the run.

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