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For NRIs (Non-Resident Indians) or PIOs (Persons of Indian Origin) visiting India, the limit of 60 days is replaced with 120 days if their income from India exceeds Rs 15 lakh," says Pallav ...
An Indian-origin individual living outside India is termed a Non-Resident Indian (NRI). The Income Tax Act, 1961, outlines different tax rules for residents and NRIs. Residency status is ...
In case an Indian citizen or person of Indian origin who is outside India, comes on a visit to India during the FY, 60 days threshold is replaced with 182 days if total income (other than incomes ...
There are over 30 million non-resident Indians (NRIs) across the Middle East, U.S., UK, Canada, Singapore and other countries. Most NRIs have some income or assets in India such as bank deposits ...
I have been a domiciled tax resident of the UK for many years. Usually, I spend 4-5 months of winter every year in India. Because of the 120-day rule, I no longer qualify as a non-resident in India.
Understand NRO account repatriation rules, including the USD 1 million limit for funds, current income remittance, and ...
A non-resident Indian means an individual, who is not a resident and is (i) a citizen of India; or (ii) a person of Indian origin. Here are some key Clauses for NRI’s to take note of.
Tax laws determine a person's residency status based on their stay in India. To ease compliance for non-resident taxpayers, introducing thresholds for tax residency certificates, relaxing norms ...
According to the Reserve Bank of India’s Foreign Exchange Management Act (FEMA), 1999, an NRI is a person residing outside India who is either a citizen of India or a person of Indian origin.
1: United States – 5.4 million: The US is home to the largest Indian diaspora, with approximately 5.4 million people of Indian origin. This includes both Non-Resident Indians (NRIs) and Persons ...