Browsing: NRI Tax

Inheriting property in India as a Non-Resident Indian (NRI) or Overseas Citizen of India (OCI) can be both a privilege and a challenge. While Indian laws allow NRIs to inherit both movable and immovable property, the process involves legal compliance, documentation, and tax considerations. In this blog, we’ll explore what properties NRIs can inherit in India, the laws that govern them, and how to handle taxation and repatriation issues. What Properties Can NRIs Inherit in India? Under Indian law, NRIs can inherit movable as well as immovable properties: Movable Property These include: Immovable Property NRIs are permitted to inherit the…

The Indian Union Budget 2025 has introduced significant changes to the tax landscape for Non-Resident Indians (NRIs). These reforms aim to enhance compliance, close loopholes, and align NRI taxation more closely with that of resident Indians. This comprehensive guide breaks down the key updates, their implications, and strategic considerations for NRIs. 1. Expanded Taxation on Global Income Previously, NRIs were taxed only on income earned or accrued in India. However, the 2025 budget has broadened the scope: 2. Mandatory Disclosure of Foreign Assets To enhance transparency and curb tax evasion, NRIs are now required to declare: Non-compliance can lead to…

Planning to invest globally or earn income from abroad? If you’re a Non-Resident Indian (NRI), one key document can help you avoid paying taxes twice and ensure smoother international financial operations — the Tax Residency Certificate (TRC). In this blog, we’ll break down what a TRC is, why it’s crucial for NRIs, who can apply, how to get one, and how it helps you claim tax treaty benefits like reduced withholding taxes. What is a Tax Residency Certificate (TRC)? A TRC is an official document issued by the tax authority of your resident country. It confirms that you’re a tax…