India tax and foreign investment regulation changes for nonresidents

Nonresident Indians (NRIs) play a significant role in India’s economy and are subject to a host of reporting and tax obligations in India and abroad. RSM India has prepared a thorough guide covering the complex cross-border tax considerations and reporting requirements applicable to these Indian nationals residing outside of India, many of whom are subject to the tax laws of the host country they reside in as well as India. There have been major regulatory changes in India relevant to NRIs including determination of Indian tax status, scope of taxable income, tax treaties, and information reporting requirements. NRIs who are unsure of their cross-border tax and reporting obligations should review the guide and may wish to consult with their tax advisors to assess whether they are in compliance globally.