Which Indian Accounts Go on the FBAR? NRE, NRO, FCNR, PPF, EPF, Demat, Mutual Funds and More
NRE, NRO, FDs, FCNR, PPF, demat and mutual fund folios go on the 2025 FBAR due Oct 15, 2026; EPF, NPS and crypto are unsettled; lockers, gold and…
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)How can return planning affect tax outcomes for NRIs?
Treating immigration timing and tax timing as one project rather than separate checklists can help in better planning and potentially reduce unexpected tax liabilities upon returning to India.
Read: Returning NRIs: How U.S. Income Triggers Worldwide Tax in IndiaBuilder Allotment vs Registration: Which Date Controls Capital-Gains Exemption Under Sections 54 and 54F?
Builder allotment can help establish rights, but it does not automatically qualify a taxpayer for capital-gains exemption. Under…
Tax Reassessment Quashed: ₹50 Lakh Claim Cannot Extend Limitation Period
The Chandigarh ITAT struck down a reassessment after the tax department failed to justify the ₹50 lakh threshold…
White House Pulls ICE Director Nominee After Confirmation Stalls
Lance Schroyer’s nomination to lead ICE was withdrawn after Rand Paul blocked a hearing over DHS records linked…
Belated Return, Revised Return, Updated Return ITR-U: Which One to File?
AY 2026-27 taxpayers must use the right filing route: Belated Return by December 31, 2026, Revised Return by…
How Indian Returnees Can Use 529 Plans to Save for U.S. College Costs
An Indian family may retain a 529 plan after relocating, but U.S. and Indian rules still govern contributions…
NRIs Inject $65.4B Into RBI’s FCNR(B) Scheme, Boosting Forex Reserves to Record $729B
NRIs deposited $65.397 billion in FCNR(B) accounts by August 21, 2026, helping India’s reserves reach a record $729.328…
Capital Gains Advance Tax: Can You Wait Till March 31 Under New Act Without Interest?
India’s Income-tax Act, 2025 keeps advance tax rules in place but raises a key question: can capital gains…
₹629.30-Crore Remittance Case: Income Tax Dept Probes Form 15CB, Money Trail
The Income Tax Department is investigating ₹629.30 crore in foreign remittances after Hyderabad searches. Officials are checking Form…
SBI Eyes $10B from Nris, Foreign Investors as RBI Swap Window Closes
SBI expects to raise $9 billion to $10 billion by August 31, 2026, mostly from FCNR(B) deposits. The…