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Does it necessary for NRI to File Income Tax Return in India? One of the most common doubt every NRI has is whether its mandatory for them to file incomes tax return in India or not? Short answer is, it depends. If you are a Non Resident India for a financial year let's say 2015-16 i.e. you stayed outside India for more than 182 days then your status becomes NRI, but you are also eligible for basic exemption limit which is currently 2.5 lakh in India. Read more »

If you are an NRI returning to India for good or an Indian going abroad, you need to be aware that you need to pay tax on your foreign income (earned outside India a.k.a global income) if you come before  February 1st or leave after  September 28th . Taxation in India depends upon individuals residential status. An Indian citizen, who is NRI for a financial year i.e. from 1st April to 31st March is not required to pay tax on their global income but if his residential status is Resident and Ordinarily Resident (R) then his global income is also taxable. In order to attain NRI status , you need to stay more than 182 days outside India, remember the arrival and departure dates are also counted as stay in India. Read more »