Income Tax Act, 2025: NRI tax residency in India-182-day stay rule, Rs.15 lakh threshold and ITR exemption condition
New Delhi, Oct. 14 -- Living overseas does not automatically make an Indian citizen a non-resident for income-tax purposes. The determination depends on the number of days spent in India, the nature of income earned, and the individual's residential history.
Under Section 115G of the Income-tax Act, 1961, non-resident Indians (NRIs) are exempt from filing an income-tax return (ITR) if their total income consists only of investment income, long-term capital gains, or both (subject to TDS).
With the Income-tax Act, 2025 coming into force on 1 April 2026, tax residency, tax liability and ITR filing requirements remain unchanged. But understanding the applicable residency rules and return-filing requirements remains important for Indians li...
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