🌍 Residential Status Decides Your Tax in India – Not Your Citizenship!

 

Many taxpayers wrongly assume that staying abroad means no tax in India. In reality, your Residential Status under the Income Tax Act, 1961 determines whether your global income or only Indian income is taxable.

Here is what every NRI, returning professional, and foreign income earner must know:

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📌 Three Residential Status Categories

🔹 Resident and Ordinarily Resident (ROR)
✔ Tax on global income
✔ Mandatory disclosure of foreign assets

🔹 Resident but Not Ordinarily Resident (RNOR)
✔ Tax only on Indian income
✔ Foreign income generally not taxable
✔ Major tax saving opportunity for returning NRIs

🔹 Non-Resident (NR)
✔ Tax only on income earned or received in India
✔ Foreign income fully exempt in India

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📊 Why this is Critical

✔ Avoid unnecessary tax on foreign income
✔ Proper tax planning when returning to India
✔ Correct income tax return filing
✔ Compliance with foreign asset reporting
✔ Avoid penalties and scrutiny

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💡 Special Advantage for Returning NRIs

Returning individuals can legally enjoy RNOR status, where foreign income remains non-taxable in India for a limited period, subject to conditions.

Proper planning can result in significant tax efficiency.

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⚠ High-Risk Areas Where Professional Guidance is Essential

• NRI Tax Filing
• Returning to India Planning
• Foreign Salary Taxability
• DTAA Benefit Claim
• Foreign Asset Disclosure

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🤝 Get Expert Guidance on Your Residential Status and Tax Liability

Accurate determination can help you:

✔ Save tax legally
✔ Avoid notices
✔ Ensure full compliance

📞 Contact: +91 77602 52581
📍 Visit: https://share.google/aOzL0ZYXlgKBzSjib

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Plan your Residential Status. Plan your Taxes Smartly.