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of <h1>Tax Return Exemption for NRIs Under Clause 216: Simplified Filing Process for Investment Income and Capital Gains</h1> Concise Summary (100 words):The document analyzes Clause 216 of the Income Tax Bill, 2025, which provides tax return filing exemptions for non-resident Indians (NRIs). The provision allows NRIs to be exempt from filing income tax returns if their total income consists only of investment income or long-term capital gains, and tax has been deducted at source. This clause is substantially similar to Section 115G of the Income-tax Act, 1961, maintaining legislative continuity. The provision aims to reduce compliance burdens, protect revenue interests, and create a more NRI-friendly tax regime. It applies specific conditions regarding income type and tax deduction to qualify for the exemption.
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