As previously reported, India's Finance Act 2020 received the assent of the President on 27 March 2020 and was published in the Official Gazette the same date. In addition to the measures reported, other important measures of the Finance Act include the following:
Non-Resident Return Filing Relief
Section 115A of the Income Tax Act 1961 is amended to extend the relief for non-residents from the requirement to file a tax return in respect of income where the non-resident is not liable to pa…