Page 37 - Jignyasa-June 2020
P. 37

loopholes,  a  lot  of  clarifications  as  well  as  disputes  are  anticipated  going  forward.
          A  seamless  application  of  these  changes  appears  to  be  a  challenge  in  absence  of
          clarifications.

          VI.  Glossary

          Abbreviations        Full Forms
          Act                 Income-tax  Act,  1961

          DTAA                Double  Tax  Avoidance  Agreements
          NR                  Non-Resident

          NRE Account         Non-Resident  External  Account
          PIO                 Person  of  Indian  Origin

          PY                  Previous  Year
          RNOR                Resident  but  Not  Ordinarily  Resident

          ROR                 Resident  and  Ordinarily  Resident
          TDS                 Tax  Deducted  at  Source


                                                                                                       
















































          http://www.ctconline.org                        37
   32   33   34   35   36   37   38   39   40