https://www.taxtmi.com/news?id=22681 The Bill broadens tax residency by deeming certain Indian citizens with high domestic-source income and no tax liability elsewhere to be residents and shortens day-count tests; excludes voluntary corpus contributions from income of specified charitable and educational entities; introduces corporate dividend deductions and expanded withholding entries; creates new withholding rules for large cash payments with higher rates for non filers; and establishes a two percent equalisation levy on non resident e commerce operators supplying or facilitating online goods or services to Indian users, with exclusions, quarterly payment dates and enforcement mechanisms. en-us Mon, 23 Mar 2020 23:38:38 +0530 Tue, 24 Mar 2020 09:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22681 The Bill broadens tax residency by deeming certain Indian citizens with high domestic-source income and no tax liability elsewhere to be residents and shortens day-count tests; excludes voluntary corpus contributions from income of specified charitable and educational entities; introduces corporate dividend deductions and expanded withholding entries; creates new withholding rules for large cash payments with higher rates for non filers; and establishes a two percent equalisation levy on non resident e commerce operators supplying or facilitating online goods or services to Indian users, with exclusions, quarterly payment dates and enforcement mechanisms. News - Mon, 23 Mar 2020 23:38:38 +0530 https://www.taxtmi.com/news?id=22681