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
Nris Can Carry Forward Stock Losses Under Income-Tax Act, 2025. But Check Conditions
India's 2025 Income-tax Act preserves existing capital losses for NRIs and investors starting April 2026, maintaining original 8-year carry-forward limits.
U.S. Residents Receiving Over $100,000 from Parents in India Must Review Form 3520
U.S. residents receiving over $100,000 in gifts from parents in India must file IRS Form 3520 to report…
India Tightens Foreign Tax Information Sharing from July 1, 2026, Targeting Cross-Border Assets
India will tighten its foreign tax information framework from July 1, 2026, enhancing data sharing and scrutiny of…
36,000 Overseas Koreans Get Integrated F-4 Visa as Ministry of Justice Eases Rules
South Korea integrates H-2 and F-4 visas, moving 36,000+ overseas Koreans to a unified system with no fees…
Can’t Pay Taxes After April 15? Choose Between an IRS Payment Plan, Offer in Compromise, or Currently Not Collectible
Learn how to choose between IRS payment plans, Offers in Compromise, and CNC status to manage unpaid 2026…
GIFT City IFSC or Direct Global Investing Under Liberalised Remittance Scheme? What 4 Groups Must Check
A comparison of GIFT City vs. Direct Global Investing for Indian residents and NRIs, focusing on tax efficiency,…
Reserve Bank of India Data Shows Rise in Visa-Linked Overseas Transfers Under ₹2.5L LRS
RBI's LRS rules for 2026 impact student visas, EB-5 investments, and tax filings with new TCS rates and…
Assessing Officer Flags Bogus Purchases, but Accepted Sales Can Limit Tax Additions
India's tax authorities target bogus purchases from untraceable suppliers; accepted sales records can limit tax additions to profit…
Legal Tax Savings Require Real Transactions and Evidence as Income-Tax Department Tightens
Learn how to legally reduce Indian tax liability through regime choice and deductions while maintaining the documentation required…
Income Tax Tribunal Rules GST Refunds Aren’t Taxable If Exclusive Method Is Used
The ITAT rules that GST refunds are not automatically taxable if the tax was never claimed as a…