residential status and could trigger tax, regulatory and exchange control issues.Residency under the Indian tax and exchange control lawResidency under the India tax and exchange control regulations is predominantly determined basis the number of days an individual is present in a country.
During financial year 2020-21, the Central Board of Direct Taxes (CBDT) has issued some clarifications from a tax perspective to determine the residential status of individuals who have overstayed due to covid-19 in India.