Moving back to India after years abroad is a significant transition, both financially and personally. In addition to lifestyle changes, it is important to reassess your financial and tax responsibilities.One of the key things to figure out is your tax status, as it determines what part of your income is taxable in India. According to the Income Tax Act, 1961, NRIs are taxed … [Read more...]
Residential Status in Taxation – ROR vs RNOR: Complete Guide with Rules & Examples
Returning to India after living overseas for many years can be exciting, but it also comes with its own set of challenges. In addition to personal adjustments, it is important to understand your residential status to plan your finances.One key area that often gets overlooked is taxation. When it comes to how your income is taxed, you will often come across two terms: ROR … [Read more...]
Checklist For Returning Indian NRI -What to Do Before Moving Back
Are you a Non-Resident Indian (NRI) moving back to the country after living abroad for many years? Whether you are returning for family, work, or retirement, it is essential to plan taxes, finances, and regulatory matters.India’s tax rules for returning NRIs are different from those for regular residents. Here is a checklist of key things Non-Resident Indian (NRIs) should … [Read more...]
