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of <h1>New Tax Rule: Indian Citizens Earning Over Rs. 15 Lakhs Abroad Deemed Residents Under Section 6(1A) from 2021-22</h1> The Finance Act, 2020 introduced section 6(1A) to the Income-tax Act, 1961, stipulating that an Indian citizen is deemed a resident for tax purposes if their total income, excluding foreign sources, exceeds Rs. 15 lakhs in a year. This applies only if the individual is not liable to tax in any other country due to domicile or residence. From Assessment Year 2021-22, such individuals will be considered Indian residents for tax purposes if they are not taxed elsewhere. 'Liable to tax' means having an income-tax obligation in another country, even if later exempted.
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