The Income Tax Act, 1961 differentiates between Resident Indians and Non-Resident Indians (NRIs), determining tax liability based on residency status. NRIs are only taxed on income sourced in India, exempting foreign earnings.
The Income Tax Act, 1961 differentiates between Resident Indians and Non-Resident Indians (NRIs), determining tax liability based on residency status. NRIs are only taxed on income sourced in India, exempting foreign earnings.
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