New Indian Tax Rules 2026: Big Trouble for NRIs? Deemed Residency & Global Income Explained
Автор: Samayam Telugu
Загружено: 2026-02-24
Просмотров: 106
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India’s new tax rules are creating fresh challenges for NRIs. From April 1, 2026, stricter regulations around “Deemed Residency” and global income reporting could significantly impact Non-Resident Indians. Under the updated Income Tax provisions, your tax liability now heavily depends on your stay in India (day count rule). NRIs returning to India must disclose foreign assets, bank accounts, and overseas income under Schedule FA in their Income Tax Returns. Failure to report can attract heavy penalties under the Black Money Act.
Additionally, NRE and FCNR accounts may need to be converted as per FEMA regulations once residential status changes. While Double Taxation Avoidance Agreements (DTAA) provide relief, documentation has become more complex.
What should NRIs plan before relocating?
#NRI #IndianTaxRules #IncomeTaxIndia #NRI2026
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