New Delhi: Finance Minister, Nirmala Sitharaman, clarified today that NRIs who are having income in India but living outside will be taxed.
Nirmala Sitharaman said, “I am not taxing what you are earning outside India. If an NRI is getting rent in India and living abroad, he or she will be liable to pay tax. I am not taxing what you are earning in Dubai. But that property which is giving you rent here you may be an NRI, you may be living there but that is revenue being generated for you.”
The government also clarified that the government will not tax an Indian citizen who is deemed resident of India but get income from outside India. However, if he is getting income from Indian business or profession then he would be taxed.