Foreign Income & NRI Taxation

Filing tax returns for NRIs, reporting foreign assets and income.

Income Tax Return (ITR) Filing for NRIs – Foreign Income & Asset Reporting

Filing Income Tax Returns (ITR) as an NRI is more than just compliance—it’s about securing financial peace of mind while staying tax-efficient. With the Union Budget 2025-26 introducing new tax provisions, understanding the latest changes is crucial for NRIs earning income in India or holding foreign assets.

What’s New for NRIs in Budget 2025-26?

Provision Key Changes & Impact
Income Tax Exemption RaisedThe exemption limit for taxable income in India is now ₹12 lakh (earlier ₹10 lakh).
Stricter Foreign Income ReportingNRIs must report all foreign bank accounts, investments, and real estate in their ITR.
Revised Residency RulesA person staying in India for more than 120 days may now be considered a resident for tax purposes.
DTAA Benefits ExtendedMore clarity on Double Taxation Avoidance Agreements (DTAA) to prevent duplicate tax deductions.
Higher TDS on Certain TransactionsTDS on property sales by NRIs increased from 20% to 25% for high-value deals.

Who Needs to File an ITR in India?

You must file an ITR if
  • You earned more than ₹12 lakh in India through salary, rental income, capital gains, or interest.
  • You have foreign assets (bank accounts, stocks, real estate, etc.) that need to be reported.
  • You wish to claim a tax refund for excess TDS deducted on income from India.
  • You want to maintain compliance to avoid penalties under Black Money Act & FEMA regulations.

Our NRI ITR Filing Services

We specialize in hassle-free ITR filing for NRIs, ensuring compliance with all the latest tax laws.

  • Assess whether you are an NRI, RNOR (Resident but Not Ordinarily Resident), or Resident as per Indian tax laws.
  • Guidance on staying tax-efficient based on your residential status.
  • Proper disclosure of foreign bank accounts, mutual funds, real estate, and business interests as per Indian tax rules.
  • Compliance with Schedule FA (Foreign Assets) and Schedule FSI (Foreign Source Income).
  • Claiming tax credits for foreign taxes paid.
  • Avoiding double taxation through DTAA provisions.
  • Assistance in claiming refunds on TDS deducted on Indian income (rent, interest, property sale, etc.).
  • Capital gains tax planning for real estate, stocks, and mutual fund investments.
  • Preparation and submission of ITR-2 or ITR-3 forms based on income type.
  • Adherence to revised tax laws under Union Budget 2025-26.

  • Assess whether you are an NRI, RNOR (Resident but Not Ordinarily Resident), or Resident as per Indian tax laws.
  • Guidance on staying tax-efficient based on your residential status.

  • Proper disclosure of foreign bank accounts, mutual funds, real estate, and business interests as per Indian tax rules.
  • Compliance with Schedule FA (Foreign Assets) and Schedule FSI (Foreign Source Income).

  • Claiming tax credits for foreign taxes paid.
  • Avoiding double taxation through DTAA provisions.

  • Assistance in claiming refunds on TDS deducted on Indian income (rent, interest, property sale, etc.).
  • Capital gains tax planning for real estate, stocks, and mutual fund investments.

  • Preparation and submission of ITR-2 or ITR-3 forms based on income type.
  • Adherence to revised tax laws under Union Budget 2025-26.
Tax360 and NRI ITR Filing?
  • Expert NRI Tax Advisory – Chartered Accountants specializing in cross-border taxation.
  • End-to-End Assistance – From tax planning to filing, we handle everything.
  • Compliance with Latest Rules – Stay updated on every Budget change.
  • Fast & Secure Filing – Hassle-free, accurate, and timely submissions.
Your Global Earnings, Our Local Expertise!

No Missed Deadlines. No Compliance Worries. Report Foreign Assets, Claim Benefits, Stay Compliant.

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