What NRIs expect from Budget FY22
To promote ease of tax compliances, the government may re-introduce simplified tax return forms for NRIs who have no capital gains or business/professional income in India or having income within specified thresholds.
Financial year 2020-21 started under the cloud of the coronavirus lockdown and almost every sector of the economy has borne the brunt of the pandemic over the last nine months. The Indian government introduced many schemes during this time to help the industry and individuals tide over the slump and provide an impetus to the economy. This included economic packages for various sectors, easing of regulatory compliances and healthcare and social security benefits to economically weaker sections.
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