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Planning to become an NRI? Read financial checklist
Given the rise in employment opportunities and a global workforce, you can see people going out of India for pursuing opportunities. However, a person who is a resident outside India has to comply with certain laws and regulations enshrined in FEMA and to ensure the the legal and regulatory compliances, some financial tasks should be…
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Why NRIs should continue filing tax returns even if no taxable income
The general mindset for an NRI is that once you move out of India, you have escaped the tax net of Indian tax authorities. Unfortunately, this is not correct.And following are some of the reasons for this: Compliance requirement for tax return filing for NRI First, let us revisit the tax return filing requirement for…