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Income Tax for NRI: Tax Rules for NRI’s moving Back to India

Updated on 17 Jan 2021  9.00 AM IST | 4 min read

Tax Rules for NRI’s Moving Back to India

NRI’s returning back to India after serving many years in foreign countries will be termed as “NRI’s moving back to India”.

Tax Rules for NRI’s Moving Back to India

NRI’s returning to India assume RNOR status for which the conditions are mentioned below –

  • a)In case you are an NRI in previous 9 of the 10 financial years preceding the year of return.
  • n case you lived in India for 2 or less than 2 years in the previous 7 financial years.

After returning to their home country, Income tax department allows RNOR’s to enjoy the same exemptions which are allowed to NRI’s but it is only given after 2 years. Therefore, deposits held in foreign currency which are exempted for NRI’s are also exempted for RNOR’s after living in India for 2 years.

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Due Dates

  • Deadline for filing income-tax returns (ITR) for FY 2019-20 (AY 2020-21)

     Jan 10th ,2021

  • Monthly GSTR 7 (Summary of Tax Deducted at Source (TDS) and deposited) for December 2020

     Jan 10th ,2021

  • Monthly GSTR 8 (Summary of Tax Collected at Source (TCS) and deposited by e-commerce operators) for December 2020

     Jan 10th ,2021

  • Due date for Payment of TDS/ TCS for Oct 20- IT

     Jan 10th ,2021

  • GSTR 1 for December 2020 (turnover more than INR. 1.50 Crore)

     Jan 11th ,2021

  • Monthly GSTR 6 for December 2020

     Jan 13th ,2021
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