New Delhi, Aug. 21 -- Rahul Fernandes, 43, moved back to Mumbai after living in California for nine years, where he worked at multinational companies. Before returning, he learned about 'resident but not ordinarily resident' (RNOR) status, which helps with taxes when bringing money to India for two to three years.

Fernandes discussed his taxes with tax and investment advisors well in advance, so he had a clear idea of how things would play out on his return.

Here, we explore the key tax strategies non-resident Indians (NRIs) should know about to ensure a smooth financial transition when moving back to India.

When you move back, the first thing to get right is your residential status under Indian tax law. "This isn't about your visa or ...