NRI income in zero tax domiciles taxable in India
NRIs living in zero tax domiciles like UAE (Dubai Sharjah & also Bahamas etc) will have to pay tax in India. And now all those who (partly) moved to Dubai recently to evade taxes are stuck. more
Viewed by 192
View all 9 comments Below 9 comments
Brother Mohit Pande government has already stopped pension from 2004 onwards recruitment for central government employees and many states have followed suit. more
Feb 02
Thanks. I was not aware of this. What about pension for Members of Parliament who decide their own pay, fringe benefits and life long pension after one term. more
Feb 03
We hope that there will not be any issue of tax if India is absolutely free from Corruption . Who it May be if seems doing Corruption should be Severely Punished as if it is a National Crime. more
Feb 02
Why India should not be a zero tax country? Government expenses should be managed from GST and corporate tax and Import duty collection. As per Indian Constitution all citizens should get same treatment. Government should seriously consider abolishing Pension system for Govt. employees, MPs & MLAs except armed forces. The pension is not available to employees retiring from pvt sector and they have to use National Pension Scheme and PF Pension Scheme. Government should remove pension for all new recruitment w.e.f. April 2020 and provide the option of National Pension Scheme. This will result in huge savings for government in a few years time. Another suggestion is that Budget should make allocation for various schemes equal to estimated collection during the year. In fact the whole exercise of Budget making needs to be studied and modified. more
Feb 02
Private sector employment has more attractive for the highly educated middle to upper class. They earn more in general and promotions are based on performance. So they can save more , earn more and take care of themselves through prudent investments . Hence no need for pension. However politicians enjoy too many perks official and unofficial. Thus should be looked into and something like abolition of privy purses should be considered more
Feb 02
No. You didn't understand. If you are Indian sitizen non resident of any country and traveling all over the world without paying any taxes just to get NRI status, now you will be resident of India and pay taxes in India only. IF you live in Dubai with residence permit, you are still NRI and not paying taxes in India. more
Feb 02
