Question
A new provision of the Finance Act, 2020 provides that
an Indian citizen shall be deemed to be resident in India only if his total income, other than income from foreign sources, exceeds _________ during the previous year.Solution
The Finance Act, 2020 has introduced new section 6(1A) to the Income-tax Act, 1961. The new provision provides that an Indian citizen shall be deemed to be resident in India only if his total income, other than income from foreign sources, exceeds Rs. 15 lakhs during the previous year
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