You are here: Home » Opinion » Letters
Business Standard

Letter to BS: Govt should postpone Finance Bill provisions for NRIs

This will provide relief to the thousands of hard-working Indians who work abroad and remit their savings to the country every year

Business Standard 

NRI

The spread of Covid-19 is causing major disruptions in every country — citizens are confined to their homes, while there are restrictions on transportation, including air travel, which has been suspended. In an amendment to the Income Tax Act, the had proposed to reduce the period of stay for non-resident Indians (NRIs) in India to 120 days from 182 days earlier. However, with the travel restrictions, there is uncertainty among non-resident Indians who are unable to plan their movement. Hence, the government should postpone the provisions relating to the NRIs by a financial year. This will provide relief to the thousands of hard-working Indians who work abroad and remit their savings to the country every year.

Rajendra Aneja Mumbai

can be mailed, faxed or e-mailed to:

The Editor, Business Standard

Nehru House, 4 Bahadur Shah Zafar Marg

New Delhi 110 002

Fax: (011) 23720201 · E-mail: letters@bsmail.in

All must have a postal address and telephone number

First Published: Tue, March 24 2020. 22:31 IST
RECOMMENDED FOR YOU