Bigger India

NRIs Giving up Indian Addresses to Escape Scrutiny by Tax Authorities

Many have found a ploy to escape the glare of the Indian authorities and avoid the trouble that follows.

In the past few years, hundreds of non-resident Indians (NRIs) have been either summoned or served notices by the Income Tax (I-T) Department and Enforcement Directorate (ED) — sparking fear and unease among many in the diaspora who were asked to explain assets and earnings for certain years.

 

Read it at Economic Times

You must be logged in to post a comment Login