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NRIs treated as Not Required Indians

Harsh, Illogical & Discriminatory Taxing Provisions For NRIs! Proposals That Will Hurt The Global Indian Sentiment Flat Rate of Tax 20% flat tax on interest & other investment income. 30% flat tax on all capital gains. Apart from 20% & 30% TDS on above, TDS at a baffling rate of 35% prescribed on all residual income. No Personal Exemption No personal exemption or deduction allowed in computing the above...

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