*Knowledge Tree Video on Finance Act 2020!!!*
*Amendment in Section 6, Residential status of Individual being resident of India*
Question & Answer by *CA Nitin Kanwar* on issues and its applicability 👇🏻👇🏻👇🏻
https://youtu.be/VWoMIvaQ3Ac
*Will be discussing in this part*.
1. *Is there any need of clarification or press release issued on 02nd Feb, 2020,by finance Ministry, just after budget*?
2. *Is there any impact on HNI, Indian citizen, who are nomads or stateless and what will be the impact of Rs. 15 lacs on these HNI professionals*?
3. *What is the anamoly left in defining income from foreign sources? Explain it with some example in statute itself*?
4. *What do you mean by liable to tax? Is there any Apex judgement in its support*?
5. *Which mischief (besides stateless person) this amendment want to curb and rationale behind it*?
6. *What will be impact on indian citizens who are staying in any other country with which india does*
a. have treaty
b. Not have treaty
7. *Whether there can be double taxation*?
8. *What is the impact of amendment in Explanation 1 to Section 6(1)*?
9. *Whether the scope of section 6(6) of being RNOR has been enlarged*?
10. *Which sections are impacted, to indian citizen, who had become RNOR in place NR and whether those will be beneficial or not and pl list out those sections*?
*Kindly watch and share to maximum*
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