Salary income of Indian workers in Gulf exempt from I-T, says Nirmala Sitharaman
[ad_1]
In response to Trinamool MP Mahua Moitra’s tweet, the Finance Minister mentioned that the Finance Act 2021 has not introduced in any new or further tax on Indian workers in Saudi/U.A.E/Oman/Qatar.
Finance Minister Nirmala Sitharaman on Thursday mentioned wage income earned by non-resident Indians in Gulf international locations would proceed to be exempt from tax in India.
Quoting a tweet of TMC MP Mahua Moitra, Ms. Sitharaman clarified that the Finance Act 2021 has not introduced in any new or further tax on Indian workers in Saudi/U.A.E/Oman/Qatar.
The Minister mentioned mentioned the modification in the Finance Act, 2021, has merely integrated basic definition of the time period “liable to tax” in the Income Tax Act to supply readability.
“This amendment has not altered the taxability of salary income earned by non-resident Indian citizens in Gulf countries. Their salary income earned in Gulf countries would continue to be exempt in India,” the Office of Finance Minister Nirmala Sitharaman tweeted.
Earlier in the day, Ms. Moitra had tweeted an image of an modification in Finance Bill, 2021, saying the “complicated words” in the modification is “in reality a Special Gulf workers tax”.
“FM going back on her words. Hardworking Indian workers in Saudi/U.A.E/Oman/Qatar to be taxed EXTRA,” Ms. Moitra tweeted.
Ms. Sitharaman’s workplace tweeted: “No going back on words. The Finance Act, 2021 hasn’t brought in any additional or new tax on hardworking Indian workers in Saudi/UAE/Oman/Qatar.” The Minister additionally mentioned that drawing conclusions with out comprehending the info is worrying.
“Further, putting out the conclusion on a social media platform not only misleads but also creates unwanted panic among people,” the Minister’s workplace tweeted.
[ad_2]