Tax Benefits for NRI's

Income Tax Criteria for RNOR (Resident but Not Ordinarily Resident)

If a NRI comes back to India and loses his NRI status, he will not be subject to tax in India on his world-wide income, for 2 years, if either of the following two conditions are satisfied :

  • He has been in India for not more than 729 days during the preceding seven financial years; or
  • He has qualified as a non-resident for nine out of 10 preceding financial years.Similarly, if in any particular financial year, his stay in India exceeds 182 days and he loses his NRI status for that year, his income outside India will still not be taxable if any of the above two conditions are satisfied and his tax status will be that of a 'Not Ordinarily Resident' Indian.

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