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of <h1>Non-Resident Indians' Taxation Determined by Section 6: Income Tax on Earnings in India with Specific Exemptions and Restrictions</h1> The taxation of Non-Resident Indians (NRIs) in India is primarily determined by their residential status under Section 6 of the Income Tax Act, 1961. NRIs are taxed on income earned or accrued in India, such as capital gains, interest, rental income, or salary, if it exceeds the basic exemption limit. They may be exempt from filing returns if their income includes only investment income and long-term capital gains (LTCG) with deducted TDS. Specific provisions apply to foreign exchange assets, with exemptions on LTCG if reinvested in new assets within six months. NRIs face restrictions on certain deductions and investments compared to residents.
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