NRI
Tax obligations, property ownership rules, OCI card benefits, and financial planning guidance for Non-Resident Indians. Covers FEMA regulations, NRE/NRO accounts, and India-specific tax treaty provisions.
Top questions about NRI
Answers from VisaVerge guidesWhat should NRIs do to comply with tax residency rules for FY 2025-26?
NRIs must document their entry/exit dates to determine 182-day residency under Section 6 and report and pay tax on Indian-sourced income accordingly.
Read: NRI Tax Residency 2025-26: 120-Day Rule and Deemed ResidencyHow does this affect U.S. immigration and tax filings for NRIs?
U.S. tax residents with India activity like property or frequent cash movements may need to report these assets under IRS rules, including FBAR and Form 8938 filings.
Read: Union Budget 2026-27 Sets 30% Tax Rate on Unexplained Income in Cash Credits and InvestmentsDoes India's Budget 2026 affect how NRIs report their income to the IRS?
No, U.S. residents must still report worldwide income and foreign assets regardless of India-side disclosures.
Read: NRIs in U.S. Must Report Global Income Despite India's Budget 2026 SimplificationHow does India's April to March financial year affect NRIs splitting their income between countries in 2025?
India’s April–March financial year requires careful splitting of income when changing countries midyear, a step many taxpayers often miss. This can lead to compliance issues if not managed properly.
Read: Understanding the India–U.S.–Canada Tax Triangle for NRIs (2025)What are the implications of not updating tax residency for Indian citizens moving to Canada or the U.S. in 2025?
People who keep old statuses can be treated as full residents in two places at the same time, leading to dual taxation until they correct their records.
Read: Indian Tax Residency 2025: 182/60-Day Rules and Update Implications
PPF, Sukanya Samriddhi, and Sovereign Gold Bonds Stay Tax-Free Under New Regime
India's 2026 tax strategy shifts focus from deductions to exempt maturity proceeds for products like PPF, NPS, and capital gains bonds under the new regime.
Reinvest in House or Bonds: Section 54EC vs Long-Term Capital Gains Under Income-Tax Act
Learn how to use Sections 54, 54F, and 54EC to reduce Indian capital gains tax on property sales…
Australian Trust Income: Will Earnings Inside Family Trusts Be Taxed at 47%?
Avoid the 47% tax rate on Australian family trusts by making valid income distributions and trustee resolutions before…
NRI Fears Visiting India After Father’s Death, Worried H-1B Visa Stamp at FRRO
H-1B workers face significant reentry risks due to consular delays and visa stamping requirements. Learn how to navigate…
RBI Eases Investment Rules for Nris and Ocis, Allows Designated Repatriable Rupee Accounts
RBI updates 2026 foreign investment rules with higher caps and mandatory designated rupee accounts for NRIs, OCIs, and…
NCW Chief Vijaya Rahatkar Demands 3-Day Reports on Punjab NRI Marriage Frauds
NCW mandates 3-day reports from Punjab Police to tackle 32,000 NRI marriage fraud cases involving abandoned women and…
Karnataka’s 2026 Plan Targets NRI, Second-Home Purchases to Boost Affordable Housing Fund
Karnataka's 2026 housing fund proposal targets NRIs and second-home buyers with higher stamp duties to fund affordable housing…
RBI Revises FEMA Rules, Expands Investment Limits for NRIs and OCIs
New 2026 RBI/FEMA rules raise investment limits for NRIs, but U.S. tax reporting for global income and foreign…
Indian Nris Investing in U.S. Stocks Use W-8BEN to Avoid Withholding, 1042-S Reports Dividends
A guide for Indian investors on managing U.S. tax forms W-8BEN, 1042-S, and 1040-NR for stock investments and…
Section 87A Income Tax Rebate Can Zero Out Tax for Small Earners in Any Tax Regime
Section 87A offers tax rebates up to ₹60,000 for residents in 2026, potentially reducing tax liability to zero…