Tax
Deemed Resident
Also known as: Deemed Resident Rule, ₹15 Lakh Rule
Special residency rule for Indian citizens with income >₹15L who aren't liable to tax elsewhere.
Detailed Explanation
Deemed resident status applies to Indian citizens/PIOs if their Indian income exceeds ₹15 lakhs and they're not liable to tax in any other country due to residency. This rule, introduced in 2020, prevents Indians from avoiding tax by staying <182 days in India while not being tax residents elsewhere. Deemed residents are taxed like full residents on global income, closing a tax avoidance loophole.