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of <h1>Finance Bill 2020: Non-residents with royalty or FTS income exempt from filing tax returns if TDS is deducted.</h1> The Finance Bill 2020 proposes an amendment to Section 115A of the Income Tax Act, exempting non-residents from filing income tax returns under certain conditions. Currently, non-residents with income solely from dividends or interest, with tax deducted at source (TDS) as per Chapter XVII-B, are exempt from filing. The amendment extends this exemption to non-residents whose income includes royalty or fees for technical services (FTS) received under agreements post-March 1976, provided TDS is deducted at prescribed rates. This change is effective from April 1, 2020, applicable from the assessment year 2020-21 onwards.
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