TAX COMPLIANCE FOR NRIS
3.5% Excise Tax on transfers: What Trump’s bill means for global Indians, Poonam Mirchandani decodes
A new US bill introduces a 3.5% excise tax on overseas remittances from non-citizens, including NRIs and immigrants, effective January 2026. The bill also raises estate tax exemption to $15 million. Global Indians must now reassess cross-border financial planning amid changing compliance requirements.
Where should NRIs invest—in India or abroad? These 5 principles will help you get your wealth creation on right path
NRIs face a complex decision when it comes to choosing between investing in India, driven by emotional ties and growth potential, or in their country of residence, offering stability and familiarity. A balanced, globally diversified portfolio is key, aligning with personal goals and mitigating risks like currency depreciation. Strategic planning, compliance, and professional advice are crucial for long-term wealth creation and preservation.
ITR for UAE NRIs: Submit returns by July 31 to avoid penalties
Indian expatriates in the UAE must file their Income Tax Returns (ITR) for the financial year 2024-25 by July 31, 2025. Recent changes include increased capital gains tax rates, affecting investors in listed shares and securities. Filing is crucial for claiming refunds, avoiding penalties, and carrying forward losses.
NRI Talk | A blended approach—India + global—is becoming the norm in NRI portfolios: Alok Saigal
While India is seen as a core long-term investment destination by NRIs, countries like UAE & Singapore continue to attract NRI capital for diversification, real estate and global exposure. A blended approach—India + global—is becoming the norm in NRI portfolios.
NRI Talk: Why NRIs are exploring Vietnam, Indonesia, and Africa for tactical growth, Sreepriya NS decodes
From favourable demographics and improving infrastructure to strategic diversification and early-stage investment opportunities, these regions are drawing attention for more than just their growth potential — they offer resilience, reach, and a new edge to global wealth strategies.
NRI Talk: Tax-free gains? How NRIs in UAE, Singapore & Mauritius legally avoid MF taxes
NRIs are increasingly aligning investments with India’s growth, drawn by economic resilience, reforms, and emotional ties. Tax-friendly hubs like Dubai and Singapore amplify returns, while new tools like GIFT City and fractional real estate expand options.
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New Tax Bill 2025: No Nil TDS certificate for all taxpayers including NRIs; What does it mean for Indians and NRIs?
New Income Tax Bill, 2025 has removed the concept of nil TDS certificate. This means now only a lower TDS certificate is possible, so non-residents including non-resident Indians and Indian taxpayers need to file an income tax return (ITR) claim this TDS so deducted. CA Ankit Jain says deduction of TDS can become a useful tool for the government in identifying cases where income is not being properly disclosed.
What is NRO account and how are deposits in this account taxed, repatriated?
NRO accounts are less restrictive for Indian rupee transactions compared to other types of accounts available to NRIs in India, making them the preferred choice for NRIs.
Explained: Will NRIs be liable for capital gains tax on mutual fund sales in India?
The case involved A Shah, a Singapore tax resident, who declared capital gains of Rs 88.75 lakh from debt mutual funds and Rs 46.91 lakh from equity mutual funds for the financial year 2021–22.
Non-residents to get full income tax exemption on profits from OTC derivative contracts traded in IFSC due to this rule change
No income tax: Incomes arising out of non-resident's income on Over-the-Counter (OTC) derivatives will be fully exempt from Income Tax under Section 10 (4E) provided they are routed through overseas banking units or FPIs. Yeeshu Sehgal says: “It means Non-residents can now engage in transactions through FPIs operating in IFSCs & income earned from these derivative transactions will continue to be exempt from income tax."
NRIs getting income tax notices for claiming lower tax rate benefit under DTAA; Know how to resolve this situation
NRI taxation: Many non-resident Indians (NRIs) are receiving Income Tax notice under Section 143 (1) (a) of the Income Tax Act, 1961 because they have claimed a beneficial tax rate (lower or nil rate of tax) under Double Taxation Avoidance Agreement (DTAA) without filing Form 10F. Read below to know how can NRIs save themselves from this notice and what to do to close this tax notice.
American woman living in Bengaluru says Indians are overtaxed, urges NRIs to be taxed too
An American woman living in Bengaluru proposes taxing non-resident Indians to alleviate the tax burden on residents and curb brain drain. Her suggestion sparked a heated debate on social media, addressing the impact on remittances, FDI, and double taxation concerns.
Capital gains, TDS & tax recovery: How NRIs will be affected by India's new tax laws
The Income Tax Bill, 2025, introduces changes affecting NRIs and foreign companies, including tax rates on dividends and interest, recovery measures, and stricter departure rules for NRIs. It also provides tax exemptions for foreign companies under specific conditions. Consulting a tax advisor is recommended to ensure full compliance with the updated regulations.
Budget 2025 leaves NRIs with a more complicated financial future
The Union Budget 2025 tightens tax regulations for NRIs, including students and professionals abroad, increasing scrutiny on foreign income, residency status, and financial transfers. Expanded reporting requirements and potential tax treaty revisions may lead to higher compliance burdens and risks of double taxation.
NRIs' expectations from Budget 2025: 9 changes that NRIs want in income tax rules
The simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully complete the filing process continues to pose certain challenges. Read our story to know more about the expectations among NRIs of changes in government policies.
How Budget 2025 can help bring more NRI money back home
As Budget 2025 nears, NRIs look forward to reforms aiming at simplifying TDS compliance, enhancing DTAA benefits, easing the repatriation process, expanding investment opportunities, and increasing tax incentives. These changes could make India a more appealing investment destination for them.
5 ways Budget 2025 can simplify income tax rules for NRIs
Budget 2025 could simplify tax compliance for NRIs by addressing procedural challenges, such as setting thresholds for Tax Residency Certificates, allowing flexible submission of Form 10F, expanding payment options from overseas, simplifying e-verification, and enabling tax refunds to foreign accounts, making the process more efficient.
For Budget 2025, AMFI proposes uniform rate for surcharge on TDS for NRIs
AMFI has proposed a uniform 10% surcharge rate on TDS for NRIs on dividend payments and capital gains from mutual funds. This aims to address the challenges faced by NRIs, simplify compliance, and provide uniformity across mutual funds, replacing the current variable surcharge rates based on investor income slabs.
Will Budget 2025 make the tax math easier when buying property from NRIs?
Homebuyers face complex tax compliance when purchasing property from NRI sellers, who require a TAN, e-TDS returns, and face restrictions on tax payments and refunds. Simplifying the system, allowing overseas payments, and expanding e-verification could ease the process, potentially addressed in Budget 2025.
Top 5 mistakes NRIs must avoid while investing in India
NRIs investing in India should avoid common mistakes like delaying KYC updates, overlooking foreign TIN requirements, focusing solely on tax-free products, falling for unregulated investment schemes, and neglecting estate planning. By addressing these issues, NRIs can optimize their investments and protect their wealth.
Income Tax filing: Do NRIs need to file ITR if they have no income in India?
Non-resident Indians (NRIs) are required to file Income Tax Returns (ITRs) if their income in India exceeds ₹2.5-3 lakhs, facing penalties, including potential imprisonment, for non-compliance. Exceptions apply if NRIs have no income in India, yet filing can facilitate tax refunds and support visa applications. FEMA mandates closing or converting Indian accounts upon acquiring NRI status, underscoring the importance of consulting tax professionals for compliance.
NRI Investing Guide: Are you legally allowed to buy agricultural land in India?
NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roots.
Income tax made easy: NRIs' complete guide to income tax filing
Srishti, an NRI, discovered INR 20,000 TDS on her NRO account. Does she need to pay tax in India? Is filing income tax return mandatory? Explore tax-saving instruments, tax-exempt proceeds, and financial compliance.
What Interim budget can do to bring money from NRIs back to India
The interim budget for 2024 is expected to revolutionize India's economic landscape and address the challenges faced by NRIs. It will prioritize opportunities to boost economic growth and reduce the tax burden for NRIs. The budget is anticipated to simplify the Tax Deduction at Source (TDS) compliance process for NRIs, making it similar to that of resident sellers.
Ease TDS rules for buying house property from NRIs in Budget 2024
The government needs to facilitate ease of transacting and reduce compliance difficulties in buying property from NRIs. This is because a buyer needs to obtain TAN from income tax department to deduct and deposit taxes when buying property from NRI. This makes the selling of property by NRI very difficult.
Investing for NRIs: A comprehensive guide to opportunities and challenges
NRIs have a plethora of investment options in India, ranging from equities and mutual funds to fixed deposits and debt funds. Understanding tax implications and staying updated on DTAA agreements are crucial for effective investment planning.
Budget 2023: Expectations on NRI taxation
To begin with, the government may make it easier for NRIs to understand their taxation process. This could include providing clarifications on when a non-resident is required to file a tax return in India, introducing digital means for submitting all returns and forms, and making further improvements in the documentation required for an NRI to file their returns.
Tax tweaks Budget 2023 should propose to pull more funds from NRIs
NRIs remit funds to India for various reasons which may include the upkeep of their dependents staying in India, the continuation of their retirement benefit accounts, investments in Indian securities etc. These remittances are likely to grow in the future with India emerging as a preferred destination for investments. However, the entailing compliance requirements for NRIs are not straightforward and simple.
Financial pitfalls NRIs should avoid while investing in India
As NRIs, investing in Indian markets need not be a burdensome task. Today, in the post-pandemic world processes and procedures have swiftly moved to online modes offering investors much transactional ease, even if they are across borders.
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