Returning to India? How RNOR status can help NRIs save tax on foreign income
· livemint.com
During the RNOR phase, local income rules mirror those applicable to ordinary residents. Any revenue sourced within India—such as domestic salary, rental proceeds from local property, or fixed deposit interest—remains fully taxable and must be reported in the ITR
An individual's residential status is the starting point for determining taxability under Indian tax law. For expatriates and non-resident Indians (NRIs) return...