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The finance ministry has objected to deferring or waiving a part of interest and penalty for the telecom industry hit by the Supreme Court’s adjusted gross revenue (AGR) burden, effectively blocking a reprieve for the beleaguered mobile operators

Now, Under Income Tax Act, 1961 NRIs will be treated as Resident of India if he stays in India for more than 120 days in any financial year. Earlier it was 182 days