The single most expensive NRI tax mistake is filing the wrong ITR or ignoring DTAA relief. Here's how to get both right and legally reduce your tax outgo.
Determining residential status
- Less than 182 days in India → Non-resident
- 182+ days OR 60+ days in the year AND 365+ days in preceding 4 years → Resident
- New rule: Indian citizens with income > ₹15 L and no tax elsewhere → deemed resident
Which ITR to file
- ITR-2 — salary, house property, capital gains, other sources
- ITR-3 — business or professional income in India
DTAA — your legal tax saver
- Claim credit for tax paid abroad on Indian income
- Get TDS at lower treaty rate on dividends & interest
- Requires Tax Residency Certificate (TRC) + Form 10F
Need help? Call Cred Compliances at +91 9873602607 or email document@credcompliances.com to start your filing today.