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of <h1>NRIs Gain Flexible Tax Planning with Option to Choose Between Special and General Income Tax Regimes Annually</h1> Concise Summary:The document analyzes Clause 218 of the Income Tax Bill, 2025 and Section 115I of the Income-tax Act, 1961, which provide non-resident Indians (NRIs) the option to choose between special and general tax regimes. These provisions allow NRIs to elect their tax treatment annually by declaring their preference in their income tax return, enabling flexibility in tax planning and ensuring administrative simplicity. The provisions aim to offer NRIs autonomy in selecting the most beneficial tax regime based on their individual financial circumstances.
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