Run-up to Budget 2025: Restore 182 days residency rule for visiting NRIs and PIOs
The Indian diaspora is the largest overseas diaspora in the world. As of May 21, 2024, there are 35.4 million non-resident Indians (NRIs) and People of Indian Origins (PIOs) living outside of India, largely in UAE and the US. The Finance Act, 2020 made far reaching changes in determining tax residency for NRIs/PIOs who come…