TDS deduction on capital gains: Play by different rules once you turn NRI

Recently, the Budget imposed a 10 per cent long-term capital gains (LTCG) tax on equities. This tax will be deducted at source (TDS) on non-resident Indians (NRIs). The TDS norm doesn’t apply to resident Indians. A person moving abroad needs to be aware of the changed taxation and investment norms that apply to him once he becomes an NRI, and comply with them. 

Change your bank accounts: According to the Foreign Exchange Management Act, 1999 (FEMA), an individual becomes an NRI from the date he leaves the country for employment. Once he informs his banker, his existing resident accounts get re-designated