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When Non-Resident Indians (NRIs) return to India permanently, they often continue using their Non-Resident External (NRE) accounts until their non-resident status expires. Once they become residents, many simply transfer their foreign-earned funds to regular Indian savings accounts, which can create complications later. The money earned abroad and deposited in your NRE account didn’t originate from Indian sources—it came from your foreign earnings. Keeping these funds in a standard savings accou
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If you are wondering is it necessary for a non resident to file income tax return? Here is the answer: 📍If the income source is completely outside India , NO need to file return. 📍If non resident has any Indian sourced income from house property, dividend of salary from rendering services to India he or she should file income tax return. There are certain circumstances which results in change of his or her tax status too. 📍What if your indian sourced income is lesser than the exemption limit,
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