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New residency rules can be taxing for NRIs stuck in India amid lockdown

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It’s been 41 days since the lockdown was announced in India and flight operations were suspended. Non-resident Indians (NRIs) who came to the country before the lockdown, don’t have any option to return till travel restriction are lifted.

However, the number of days these NRIs stays in India decides their onus of income-tax compliance. Recent amendment introduced by the Finance Act 2020 related to the tax residency rules can be a concern for some NRIs.

While earlier an NRI who visited India would be considered a resident if they spent 182 days or more in the previous year in the country, but from this financial year i.e.

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