How the Indian Tax Department Track NRIs’ Financial Transactions abroad
Many Non-Resident Indians (NRIs) believe that because they live outside India, the Indian Income Tax Department has limited access to information about their financial activities. Some even assume that if they do not disclose certain income or investment while filing their Income Tax Return (ITR), the department will never become aware of them. However, this […]
New RBI rules for the repatriation of sale proceeds for NRIs: A 2026 guide to managing money between India and abroad
In 2026, one of the most common problems faced by NRIs is not merely taxation or property ownership disputes but difficulties in complying with RBI documentation requirements while transferring funds. Many NRIs are surprised to learn that selling a property does not automatically mean they can immediately transfer the entire sale proceeds abroad. Banks require […]
BANK ACCOUNT OPTIONS FOR NRIs – NRE, NRO and FCNR
NRIs have a lot of options with regards to opening a bank account in India. NRIs/OCIs can open the following types of accounts in the Indian banks: Rupee Accounts: Non-Resident (Ordinary) Account – NRO. Non-Resident (External) Rupee Account – NRE. Foreign Currency Accounts: Non-Resident (Foreign Currency) Account – FCNR Here is an infographic showing the […]