"Non-Resident" is a person who is not Resident in India. The residential status of an individual in a given year determines whether the individual is a Resident or Non-Resident for that given year.Thus, the residential status of an individual needs to be determined every year. For more details, read.

• for a period of 182 days or more during the Financial year; Or
• for 60 days in the financial year and for a total of 365 days in the preceding 4 years.

• If you are an Indian citizen who has left India in the financial year as a crew member of an Indian ship or for the purposes of employment abroad; or
• If you are a Person of Indian Origin(PIO) or a citizen of India who comes on a visit to India;

Therefore, you are a Non-Resident if you do not fulfil any of the above conditions. However, for Indian citizens or Persons of Indian Origin (PIO) who visit India, the 60-day criteria is extended to 120 days if their total Indian income exceeds ₹15 lakh. Additionally, an Indian citizen earning over ₹15 lakh (excluding foreign income) and not liable to tax in any other country will be deemed a resident.

Yes, NRIs can file their income tax returns online either through the Income Tax Department's official portal or by using online tax filing platforms. Navigating the complexities of NRI taxation can be challenging. At Tax2win, our experienced tax professionals are here to simplify the process for you. No matter where you are located, our team is dedicated to helping you in file your taxes accurately and efficiently considering the tax laws.

• PAN Card: Mandatory for filing taxes.
• Passport: For identity and nationality verification.
• Salary Slips & Form 16: Details of salary income.
• Bank Account Details: Indian account for tax refunds.
• Investment Details: Declare Indian investments.
• Tax Payment Receipts: Proof of tax payments.
• Foreign Assets Info: Details of foreign accounts/investments.
• Rent Receipts: If earning rental income.
• Indian Property Details: Information on owned property in India.

Additional documents may be needed based on specific circumstances, like TDS certificates or agricultural income details.

The answer is YES. After you have determined your residential status, the next step is to identify whether your income is taxable or not in India as per your residential status determined under Income Tax Act,1961.

• For Resident Individuals: Your Global income is taxable in India i.e. income earned whether in India or outside India is taxable in India.
• For Non-Resident Indians: Only income earned or accrued in India or deemed to be so is taxable in India. Therefore, your income from any country besides India is not taxable in India.

No. You are not required to be physically present to file & verify your income tax returns. You can file income tax return online from anywhere in the world. You can now e-verify your ITR from anywhere . You can send signed copy of ITR-V to the CPC Income Tax Department, Bengaluru or e-verify the same within 30 days from the date of filing your ITR.

Deductions Available to NRIs

Deductions Unavailable to NRIs

• Investment under RGESS under section 80CCG
• Differently-abled under Section 80U, Section 80DD and Section 80DDB
• Investments which are unavailable to NRIs are listed below
• Senior Citizen Savings Scheme
• National Savings Certificates
• Post Office 5 Year Deposit Scheme
• Public Provident Fund

Rental income from property situated in India is considered as income accrued in India and taxable in India irrespective of residential status. Thus, rental income is taxable for NRI. Basic exemption limit of Rs. 2.5 lakh is applicable on this.

In case your property is held for more than 24 months then long term capital gain will arise on the event of sale. On such gains, tax is payable @12.5% for any transfer which takes place on or after the 23rd day of July, 2024. However, you can reduce your tax liability using investment options given under various provisions to save yourself from payment of capital gain tax.

Tax implications for NRIs are also applicable in the case of inheritance. In case the property has been inherited, remember to consider the date of purchase of the original owner for calculating whether it’s a long term or a short term capital gain. In such a case the cost of the property shall be the cost to the previous owner.

As per the tax laws in India, you need to first determine your residential status. If you fall under the Non Resident category then all the provision which are applicable to a Non Resident will be applicable on you as well. Thus if, your overseas income is transferred to your NR account in India, then it will not be taxable, if your residential status is NRI.

Income earned and received outside India is not taxable in India. However, any income earned or accrued or received in India is taxable as per income tax slab rate.

Double Taxation Avoidance Agreement or DTAA is an agreement entered between two countries which aims to avoid taxation of the same income in both countries. For claiming the DTAA benefit in India assessee needs to present Tax Residency Certificate. Tax Residency Certificate can be obtained by the assessee from the government of the country in which NRI resides. To know more click here

Income tax slab rate for NRIs is same as Slab rate for individuals. However, NRIs do not get slab benefit for senior and super senior citizens.

Here's how NRIs file taxes in India:

• Determine Tax Liability: NRIs must first determine if they are liable to pay taxes in India. They are taxed on income earned or received in India. Income earned abroad is generally not taxable in India unless it is received in India or arises from a business controlled or set up in India.
• Obtain PAN (Permanent Account Number): NRIs need to obtain a PAN if they don't already have one.
• File Income Tax Return (ITR): NRIs can file their income tax return online on the Income Tax Department's website or with Tax2win efiling services. They can choose the appropriate form based on their sources of income.
• Report Foreign Income: NRIs must report any income earned outside India that is taxable in India. This includes income from foreign assets, investments, bank accounts, etc.
• Claim Tax Benefits: NRIs can claim tax benefits under Double Taxation Avoidance Agreements (DTAA) if applicable.
• Pay Taxes: If there is a tax liability after taking into account any deductions, exemptions, or credits, NRIs need to pay the tax due. They can pay taxes online through the designated bank portals.
• File TDS Returns: If taxes are deducted at source (TDS) on any income, NRIs need to ensure that the TDS is correctly deposited against their PAN.

Income earned and received outside India is not taxable in India. However, any income earned or accrued or received in India is taxable as per income tax slab rate.