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Overview
Returning NRIs can benefit from RNOR status for a period. We time asset realisation, review foreign investments and prepare disclosures to avoid penalties.
Key rules to know
- RNOR status offers relief on foreign income for qualifying years.
- Once resident and ordinarily resident, global income is taxable and foreign assets must be reported (Schedule FA).
- Foreign retirement and share plans need careful review.
How GstMan helps
- Residential status forecast
- Foreign asset and income mapping
- Account conversion (RFC / resident)
- Annual ITR including Schedule FA
- Foreign tax credit (Form 67)
Documents usually needed
- Passport and travel dates
- Foreign account and investment statements
- Foreign tax returns
- Employment and pension details
Common mistakes to avoid
- Not reporting foreign assets
- Not claiming foreign tax credit
- Selling foreign assets at the wrong time
NRI tax filing by country
NRI tax filing from UAENRI tax filing from Saudi ArabiaNRI tax filing from QatarNRI tax filing from KuwaitNRI tax filing from OmanNRI tax filing from BahrainNRI tax filing from UKNRI tax filing from USANRI tax filing from CanadaNRI tax filing from AustraliaNRI tax filing from SingaporeNRI tax filing from GermanyNRI tax filing from Malaysia
Frequently asked questions
What is RNOR status?
A transitional residential status where foreign income is generally not taxable in India.
What happens if I do not disclose foreign assets?
Non-disclosure can attract heavy penalties under the Black Money Act. Disclosure is essential for resident taxpayers.
