<h1>Finance Bill 2020: Indian citizens deemed residents if untaxed elsewhere; only Indian income taxed, not foreign earnings.</h1> The Finance Bill 2020 proposes that Indian citizens will be deemed residents for tax purposes if they are not taxed in any other jurisdiction, aiming to prevent tax avoidance by those relocating to low or no-tax regions. This provision is not meant to target Indian citizens who are genuine workers abroad. Misinterpretations suggesting that Indian workers in countries like the Middle East will be taxed in India on foreign income are incorrect. Only income derived from Indian business or profession will be taxed. Clarifications will be added to the law to prevent misunderstandings.