Rs 17.25 lakh income of an employee was added as taxable salary despite working in UK; ITAT Delhi gives him relief under India-UK DTAAThe Income Tax Appellate Tribunal (ITAT) Delhi has ruled that even if a non-resident salaried individual has received any ‘per-diem’ paymen...
23 Jun, 2026, 11.08 AM IST
RBI sweetens FCNR deposits: NRIs can now earn up to 7% on dollar savingsFor the first time in years, the math is actually working for non-resident Indians to invest dollar savings in India.
22 Jun, 2026, 09.44 AM IST
NRI credit cards: Rewards and lounge access aren’t everything, what more NRIs should know before getting an Indian credit cardFor Non-Resident Indians (NRIs), an Indian credit card offers significant benefits beyond convenience, including building a crucial CIBIL s...
20 Jun, 2026, 06.30 AM IST
NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
19 Jun, 2026, 03.44 PM IST
FCNR deposit rates up to 6.5%: Bank of Baroda, Indian Overseas Bank and others launch schemes for NRIs, OCIsFollowing RBI's measures to boost foreign currency inflows, several banks like Canara Bank, Federal Bank, Bank of Baroda, and IOB have laun...
17 Jun, 2026, 01.28 PM IST
Worked in the US, UK or Canada? Form 40 can help Indians defer income tax liability on foreign pension accountsIndian residents with foreign pension accounts like 401(k) from working in the US, UK, or Canada can now defer India tax liability. By fili...
02 Jun, 2026, 07.11 AM IST
NRI but using resident savings account? Here’s what you must know about NRE, NRO, and FEMA rulesNRIs must update their Indian bank accounts to NRE or NRO status to comply with FEMA regulations. Failing to do so can result in significan...
30 Apr, 2026, 12.07 PM IST
FCNR FD interest rates: SBI vs PNB vs HDFC Bank vs ICICI Bank - which gives you best rates; eligibility and taxation on interest explainedFCNR interest remains exempt from tax as long as the depositor qualifies as an NRI or resident but RNOR under Section 10(15)(iv)(fa) of the...
29 Apr, 2026, 01.35 PM IST
NRIs returning to India: 6 tax mistakes that can haunt you years later & how to avoid themReturning Indians face significant tax challenges, often experiencing 'return shock' due to complex rules on residency, overseas income, an...
12 Jan, 2026, 06.30 AM IST
NRI status and tax: Job search abroad part of non-resident stay, rules Mumbai ITATThe Income-tax Appellate Tribunal in Mumbai ruled that days spent abroad for job searching count towards non-resident status if time in Ind...
15 Mar, 2025, 09.17 AM IST
Are you breaking the law? Crucial banking changes every new NRI must knowNewly transitioned to Non-Resident Indian (NRI) status? This guide details the essential banking and investment updates required to align w...
18 Nov, 2024, 02.23 PM IST
Income Tax filing: Do NRIs need to file ITR if they have no income in India?Non-resident Indians (NRIs) are required to file Income Tax Returns (ITRs) if their income in India exceeds ₹2.5-3 lakhs, facing penalties,...
05 Jul, 2024, 03.11 PM IST
Are you an NRI with inoperative PAN? Here's what you can do nowAfter the expiry of deadline to link PAN with Aadhaar on June 30, 2023, it may happen that an NRI finds that his/her PAN is inoperative. If...
22 Jul, 2023, 10.51 AM IST
How NRIs can use DTAA to avoid double taxation in IndiaResidential status plays an important role to determine how income earned by an individual is taxed in a country. If an NRI stays in India ...
24 Jun, 2022, 11.12 AM IST
How will a change in your residential status affect the taxes you pay in India?From FY 2020-21, an individual who is a citizen of India who is not liable to tax in any other country will be deemed to be a resident in I...
06 May, 2022, 04.38 PM IST
My daughter has investments in dividend option of a mutual fund scheme. Should she inform the AMC about her NRI status?Every week, guest experts answer queries from readers of ET Wealth on various topics ranging from tax to investments to insurance and more.
11 Jun, 2021, 06.15 PM IST
NRIs’ residential status comes under I-T lensAn NRI is spared tax on income outside India. A resident is required to pay tax on global earnings.
09 Jul, 2019, 11.53 AM IST