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Taxbuzz | Determination of Residential Status of Individuals during the ongoing Coronavirus Pandemic March 5, 2021
Published in: TaxBuzz
DISCLAIMER: The material contained in this publication is solely for information and general guidance and not for advertising or soliciting. The information provided does not constitute professional advice that may be required before acting on any matter. While every care has been taken in the preparation of this publication to ensure its accuracy, Vaish Associates Advocates neither assumes responsibility for any errors, which despite all precautions, may be found herein nor accepts any liability, and disclaims all responsibility, for any kind of loss or damage of any kind arising on account of anyone acting/ refraining to act by placing reliance upon the information contained in this publication.
We are pleased to share with you a copy of our in-house publication – “TaxBuzz…”, wherein we have analysed the Circular No. 2 of 2021 dated 03.03.2021 issued by CBDT for determining residential status of individuals stranded in India owing to the ongoing coronavirus pandemic during the financial year 2020-21.
The Circular issued by the CBDT has fallen short of providing any relief to such individuals. The Circular, however, provides that if any individual is facing double taxation even after taking into consideration the relief provided by the respective tax treaty, he may furnish the information electronically to the Principal Chief Commissioner of Income-tax (International Taxation) in prescribed form by 31.03.2021 and the Board shall examine as to whether any relaxation is required to be provided in this regard.
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We trust that you will find the same useful.
Looking forward to receiving your valuable feedback.
For any details and clarifications, please write to:
Mr. Neeraj Jain : [email protected]
Mr. Anshul Sachar : [email protected]
