Tag: NRIs

RFC Accounts for Returning NRIs: Features, Benefits and Eligibility

Returning to India after spending years abroad can involve several financial decisions. One of the most important is what to do with the foreign-currency savings accumulated while living overseas. A Resident Foreign Currency (RFC) account can help eligible returning NRIs hold certain foreign-currency funds in India without immediately converting them into Indian rupees. This can […]

September 16, 2026 11 min read

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Residency Status in India and Its Tax Implications

The determination of an individual’s residential status is a foundational step in computing income tax liability in India. The Income-tax Act, 2025, lays out specific rules that categorize individuals as either Resident and Ordinarily Resident (ROR), Resident but Not Ordinarily Resident (RNOR), or Non-Resident (NR). This classification decides the scope of total income that becomes taxable in India – whether […]

August 5, 2026 14 min read

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