Business Standard

Budget eases criteria of obtaining Aadhaar for NRIs with Indian passport

Second, gifts by Indian residents in the form of property or money will be taxable in India

Lok Sabha passes Aadhaar Bill amid Opposition protest over privacy
Premium

Shrimi Choudhary New Delhi
Budget 2020 has eased the criteria of obtaining Aadhaar card for non-resident Indians (NRIs) who hold an Indian passport and also made some tax-related proposals. Now, Aadhaar card for NRIs with Indian passports will be issued after their arrival in India, without waiting for the mandatory 180 days. Second, gifts by Indian residents in the form of property or money will be taxable in India. 

However, the exemption on these gifts from income tax would apply, depending on the treaties between India and respective countries. At present, gifts by a resident to another resident are taxable, subject to exemptions. A proposal

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in