Scanner over rich migrating abroad for tax purposes; CBDT forms group

The instruction talks of migrating high net worth individuals and not escaping or fleeing ones

The government is thinking of stiffer rules on wealthy people who are migrating to lower tax jurisdictions.

The Central Board of Direct Taxes (CBDT) has set up a five-member group on the issue. It is expected to meet on Friday.

The instruction talks of migrating high net worth individuals (HNIs) and not escaping or fleeing ones, such as Vijay Mallya or Nirav Modi. However, agencies say the panel might look at the latter cases, too. 

The group has Pragya Saxena, joint secretary, foreign tax and tax research (FT&TR) and four other revenue officers. 

Amit Maheshwari, partner at the law firm