NRIs Under I-T Scanner

A ruling by the Appellate Tribunal could change how returning NRIs are classified under India's exchange control laws - impacting property purchases, gifting, and even how much money you transfer

If an NRI wishes to gift offshore funds, the funds must first be brought back to India and then remitted abroad. Non-compliance with this requirement can lead to penalties and legal complications.

NRIs with income in India above Rs 10,000, post-TDS and tax treaty adjustments, must pay too

I-T dept suspects seized old notes are being hoarded by money operators and exchanged by NRIs