TAX COMPLIANCE FOR NRIS

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 fina...

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...

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 ...

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 NR...

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 ...

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 o...

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 thi...

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.

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.

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 mea...

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...

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 ...

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 o...

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 mo...

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-verif...

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 c...

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 the...

NRIs in India face restrictions under FEMA when purchasing agricultural land, but can inherit it from relatives to reconnect with their roots.

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 ...