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The Economic Times

Economy / The Economic Times

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Back in India? 6 NRI tax traps to avoid in year one

Returning Indians face significant tax challenges, often experiencing 'return shock' due to complex rules on residency, overseas income, and foreign assets. Misclassifying residential status is a common, costly error. Experts advise meticulous day-count tracking, prompt account conversions, and proactive planning to navigate these complexities and avoid penalties.

12 Jan 2026 6:30 am