NRI Tax services

Foreign Asset Amnesty Scheme 2026 for returned NRIs – Eligibility, Tax Calculation & Immunity from Black Money Act

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Foreign Asset Amnesty Scheme 2026 for NRIs with calculator, pen and financial documents representing tax calculation and compliance under Black Money Act

Background Under the prevailing law, there is a requirement of reporting foreign income and assets in the ITR by Resident tax payer. Under Black Money Act 2015 (for more read https://www.nritaxservice.in/blog/2024/03/05/nris-black-money-act-implications), there are stringent penal provisions for non-compliance with such reporting. Many taxpayers had unknowingly defaulted with these reporting provisions. Income tax department have received … Read more

Foreign Retirement Fund Accounts – Taxability in India – Returned NRIs, OCIs

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Foreign Retirement Fund Accounts – Taxability in India – Returned NRIs, OCIs

Background – Returned NRIs, OCIs Maintaining Retirement Benefit A/c Abroad Many Indians go abroad for work. Many of them wants to come back after sometime. During their work abroad they contribute to various Retirement Funds as per the prevailing employment retirement plans in that country. Once they quit their employment abroad, and plan to come … Read more

Can NRI Purchase or Own a Property in India?

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nri-property-purchase-in-india

Before any monetary investment, it is very much important to know about the tax rules. Any non-resident Indian (NRI), who is interested in buying a property in India, should be aware of certain legal provisions pertaining to the purchase or owning of an immovable property in India under the Foreign Exchange Management Act (FEMA). NRIs … Read more

Why You Don’t Need to Rush for the Last Minute Tax Saving Investments

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taxes-for-nri

With end of the financial year just around the corner, some of us would be in a hurry to make last-minute tax-saving investments. However, choosing the right tax-saver with such little time left is not easy. This is because there are several investments with varying features and tenures. And in our rush to select a … Read more

What are the Tax Laws for NRIs in India

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nri-salary-paid-in-india-wont-face-tax

Taxability in India depends on the following: Residential status in India; source of income; and place of receipt of income. Residential status depends on your total physical presence in India in current financial year and previous 10 financial years. Residential status is dynamic and needs fresh determination for each financial year. There are three types … Read more

5 Essential Financial Steps for the NRI Tax Payers

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essential-steps-for-nri-tax-payers

Being well-versed with the law is necessary for the citizen so that, he may not get stuck into any problem or issues. For the non-resident Indians, there are many laws and orders that they always have to keep in consideration in order to precede happy life. In this article, we are going to highlight about … Read more

Non-Resident’s Salary Paid in India, Won’t Face Tax

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Non-Resident’s Salary Paid in India, Won’t Face Tax

Very important and useful news for all the non-resident taxpayers of India is that they won’t face any taxes in India now. Authority of Advance Rulings (AAR) has held that the salary income of a nonresident individual for services rendered overseas cannot be taxed in India, even when such salary is paid into a bank … Read more