Indian Finance Minister Nirmala Sitharaman clarifies ‘payroll revenue tax for Gulf Indian staff’
New Delhi: Finance Minister Nirmala Sitharaman stated on Thursday that wage revenue earned by non-resident Indians in Gulf nations would proceed to be tax-exempt in India.
Quoting a tweet from TMC MP Mahua Moitra, Sitharaman clarified that the 2021 finance regulation didn’t introduce a brand new or extra tax on Indian staff in Arabia / UAE / Oman / Qatar.
The minister stated that stated modification to the 2021 Finance Legislation merely included the overall definition of the time period “topic to tax” into the Earnings Tax Legislation for readability.
“This modification has not modified the taxation of wage revenue earned by non-resident Indian residents within the Gulf nations. Their wage revenue earned within the Gulf nations would proceed to be exempt in India, ” the workplace of Finance Minister Nirmala Sitharaman tweeted.
Earlier at this time, Moitra tweeted the picture of an modification within the 2021 finance invoice, saying the “ difficult phrases ” within the modification have been “ in impact a particular tax for staff within the Gulf ”.
“FM goes again on its phrases. Indian staff who work exhausting in Arabia / UAE / Oman / Qatar might be taxed EXTRA,” Moitra tweeted. Sitharaman’s workplace tweeted: “No turning again on phrases. The 2021 finance regulation launched no extra or new taxes on hard-working Indian staff in Arabia / UAE / Oman / Qatar.”
The minister additionally stated that drawing conclusions with out understanding the information is worrying.
“Furthermore, posting the discovering on a social media platform not solely misleads, but in addition creates undesirable panic amongst individuals,” the minister’s workplace tweeted.