TaxBuzz – Determination of Residential Status of Individuals during the ongoing Coronavirus Pandemic March 5, 2021
Published in: TaxBuzz
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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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