31 C Livemint
Elections 2026NRIs / Livemint
During the RNOR phase, local income rules mirror those applicable to ordinary residents. Any revenue sourced within Indiasuch as domestic salary, rental proceeds from local property, or fixed deposit interestremains fully taxable and must be reported in the ITR
Tata Trusts owns about 66% of Tata Sons, the holding company that oversees more than 30 businesses across the conglomerate.
An NRI and her resident sister can face different capital-gains tax treatment on the same property, while the resident co-owner can independently claim the reinvestment exemption.
Buying or selling property in India poses challenges for NRIs due to complex regulations and tax rules. A missing PAN card can lead to higher TDS, while compliance errors can result in delays.
NRIs engaging in property transactions in their home country should be aware of compliance issues like TDS, repatriation limits, and FEMA regulations. Informed decisions are crucial to avoid financial pitfalls, penalties and complexities in capital gains tax calculations.
NPS for NRIs: Understand eligibility, tax benefits, Tier-I account rules, contributions and withdrawal guidelines. This guide explains how NRIs and OCIs can use Indias National Pension System for retirement planning while considering cross-border tax implications.