GLOBAL economy is in the midst of turmoil. Already weakened by the Covid 19 pandemic, nations worldwide have been witnessing several shocks that have led to concerns -higher than expected worldwide inflation triggering tighter financial conditions, slowdown in China and negative impact of the war in Ukraine.

The International Monetary Fund in its

IN my previous piece on the budget 2023 and the taxation of non-residents, I had missed out a few issues that I hope to deal with now.

As we have already noted, in the absence of any gift tax in India, it was very easy for Indian resident taxpayers to claim