https://www.taxtmi.com/manuals?id=1615 Residential status determines tax liability: NRIs are taxable in India on income earned or deemed to arise in India, including capital gains, interest, rental income and salary; filing is required if India sourced income exceeds the basic exemption unless only investment income and long term capital gains are present with tax already deducted. Foreign exchange assets attract a special regime where deductions are restricted, indexation and certain chapter benefits are limited, exemptions apply on reinvestment in permitted assets subject to retention rules, and the regime can be preserved by declaration if an NRI becomes resident. en-us Tue, 11 Jul 2017 08:48:00 +0530 Thu, 29 Feb 2024 18:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1615 Residential status determines tax liability: NRIs are taxable in India on income earned or deemed to arise in India, including capital gains, interest, rental income and salary; filing is required if India sourced income exceeds the basic exemption unless only investment income and long term capital gains are present with tax already deducted. Foreign exchange assets attract a special regime where deductions are restricted, indexation and certain chapter benefits are limited, exemptions apply on reinvestment in permitted assets subject to retention rules, and the regime can be preserved by declaration if an NRI becomes resident. Manuals Income Tax Tue, 11 Jul 2017 08:48:00 +0530 https://www.taxtmi.com/manuals?id=1615