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
Senior-Citizen Exemption Lets Some Skip Income Tax Returns. But Nris Must File
Guide on India's 2026-27 tax filing rules for residents, NRIs, and seniors, covering exemptions, mandatory disclosures, and the importance of income proof.
IRS Hits Partnerships with $245-Per-Partner Penalties for Late Form 1065 Under BBA Rules
Learn about 2026 IRS partnership penalties, Form 1065 filing rules, K-3 international reporting, and the impact of the…
Partners Face Loss Limits Even on Schedule K-1 as Form 1065 Filing Rules Bite
Learn the 2026 IRS rules for partnership Form 1065, K-1 loss limitations, and filing deadlines to ensure compliance…
₹20 Lakh Salary: New Tax Regime Under Section 115BAC Often Beats Old Regime Deductions
Compare India's old vs new tax regimes for ₹20 lakh earners in 2026. Learn why the new regime…
India’s Cash Withdrawals Push Currency in Circulation to ₹42.3 Trillion as Digital Payments Grow
India's currency in circulation hit a record ₹42.3T in April 2026. Experts urge NRIs and students to maintain…
Section 10(10A) Exempts Commuted Pension. But Is Monthly Pension Taxable in Income Tax Return?
Understand India's 2026 pension tax rules: monthly pension is salary, commuted amounts have exemptions, and family pensions are…
Nris Face New TDS Auditability Problem as India Demands Proof for Every Tax Deduction
India's tax focus shifts to TDS auditability. Payers must now document legal reasoning for rates and sections to…
Income Tax Appeals After JCIT(A) or CIT(A) Move to ITAT, Then High Court on Law
Explore the Indian tax appeal hierarchy under the 2025 Act, from ITAT fact-finding to High Court legal questions…
U.S. Partnerships File Form 1065, Schedule K-1. Now Watch for Schedules K-2 and K-3
Understand Form 1065 and Schedule K-1 reporting for U.S. partnerships, including 2026 international tax requirements for foreign-linked entities.
Buy a New House in Joint Names? LTCG Exemption Still Possible on Capital Gains
Indian taxpayers can claim LTCG exemptions on joint property purchases if they funded the investment and met strict…