NRI? Have You Complied with Tax & Other Rules?
Becoming an NRI is an opportunity, but it comes with the responsibility of tax compliance in India as well as your country of residence. Moneylife lists what NRIs need to follow..
Moving out of India can be exciting because it opens up new opportunities. But with opportunities come problems. In the past, one could go abroad without updating one’s financial accounts with the new non-resident Indian (NRI) status. You may have violated laws by not showing Indian income in your country of residence when filing tax returns abroad. This was not an issue a few years ago....
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