{"id":3939,"date":"2025-12-20T15:47:33","date_gmt":"2025-12-20T15:47:33","guid":{"rendered":"https:\/\/nsglobal.pro\/?p=3939"},"modified":"2025-12-22T03:12:48","modified_gmt":"2025-12-22T03:12:48","slug":"nri-taxation-in-india","status":"publish","type":"post","link":"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/","title":{"rendered":"NRI Taxation in India"},"content":{"rendered":"\t\t
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Disclosure of Foreign Income and Assets<\/span><\/i><\/b><\/p>

It is not compulsory for an individual to show foreign assets or income in India given that they are Non-Residents. Should the said individual become a resident thereafter, he\/she will be liable to show and declare such income and assets.<\/span><\/p>

Double Taxation Avoidance Agreement<\/span><\/i><\/b><\/p>

A Double Taxation Avoidance Agreement (also known as \u201cDTAA<\/b>\u201d) was signed between India and Singapore back in 1994. Subsequent protocols were signed on 29 June 2005, 24 June 2011 followed by 30 December 2016, each introducing updates like enhancements to capital gains provisions and improved anti-abuse provisions. As of even date, India has DTAAs with approximately over 94 countries. <\/span><\/p>

By way of background, the DTAA is a bilateral treaty that was primarily executed to prevent taxpayers from being taxed the same income by both countries (i.e. India and Singapore). The said agreement\/treaty also (i) promotes economic cooperation between countries, (ii) provides clarity and certainty to taxpayers about their tax liabilities and (iii) enables tax credits, exemptions or reduced tax rates on certain types of income.<\/span><\/p>

DTAA Capital Gains<\/span><\/i><\/b><\/p>

Pursuant to residual clause 4 of Article 13 of the India-Singapore DTAA, capital gains arising from the sale of shares, units, and mutual funds will be taxable only in the country in which the seller is a resident. This position is supported by the following notable Delhi and Mumbai Tribunal rulings:<\/span><\/p>

i.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Saket Kanoi (UAE) vs DCIT [2024] 168 taxmann.com 418 \u2013 Judgment dated 23 Oct 2024; <\/span><\/p>

ii.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>DCIT vs K.E. Faizal (UAE) [2019] Indian Kanoon \u2013 Judgment dated 8 Jul 2019; and<\/span><\/p>

iii.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Anushka Sanjay Shah (Singapore) vs ITO [2025] Mumbai ITAT \u2013 Judgment 26 Mar 2025.<\/span>\u00a0<\/span><\/p>

In addition to the above, please find the following examples in relation to the taxation of capital gains:<\/span><\/p>

a.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Immovable property \u2013 if a Singapore Resident sells immovable property in India, India has the right to tax the profit from that sale. <\/span><\/p>

b.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Sale of Shares \u2013 if a Singapore Resident sell shares of a company, where the company\u2019s main assets are real estate located in India, India has the right to tax the capital gains. If any other shares belonging to a company based in India, India can also tax the gain from the sale. <\/span><\/p>

c.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Other Assets \u2013 if a Singapore Resident sells any other type of property not mentioned above, the gain is taxable only in the country where the seller is a resident.<\/span><\/p>

The aforementioned DTAA provides relief to tax residents of Singapore (NRIs, OCIs, other foreign nationals and even companies\/corporate entities) who also have some income in India from sources like dividends, interest or capital gains from mutual funds.<\/span><\/p>

Since Singapore does not tax capital gains for individuals, this means that many Non-Resident Indians (referred to as \u201cNRI\u201d) living in Singapore may end up paying zero tax in both countries on their mutual fund gains \u2013 provided they claim this benefit properly.<\/span><\/p>

\u00a0<\/span><\/p>

DTAA benefits for Singapore<\/span><\/i><\/b><\/p>

Type of Income<\/span><\/p><\/td>

Income Accrued in (Source Country)<\/span><\/p><\/td>

Income Taxed In (Resident Country)<\/span><\/p><\/td>

Exceptions or Special Provisions<\/span><\/p><\/td><\/tr>

Interest<\/span><\/p><\/td>

India<\/span><\/p><\/td>

Singapore<\/span><\/p><\/td>

Article 11(2)(b) states that India may also tax interest but limited to 15% of the gross amount. <\/span><\/p><\/td><\/tr>

Dividend<\/span><\/p><\/td>

India <\/span><\/p><\/td>

Singapore<\/span><\/p><\/td>

Article 10(2)(b) stipulates that India may also tax dividends up to a maximum of 15% of the gross amount provided that the recipient is the beneficial owner. <\/span><\/p><\/td><\/tr>

Capital Gains<\/span><\/p><\/td>

India<\/span><\/p><\/td>

Singapore<\/span><\/p><\/td>

Article 13: <\/span><\/p>

\u00a0<\/span><\/p>

1.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Immovable property \u2013 Taxed in India with no relief<\/span><\/p>

2.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Shares and Securities: <\/span><\/p>

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Taxed in India (since India retains taxing rights for gains from disposal of shares in Indian companies)<\/span><\/p>

–\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Both countries have rights to tax capital gain<\/span><\/p>

3.\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Mutual Fund interpreted to be covered under the \u201cother capital gains\u201d clause 0% tax on the capital gains in India.<\/span><\/p><\/td><\/tr><\/tbody><\/table>

Eligibility for exemption of capital gains taxation pursuant to the DTAA<\/span><\/i><\/b><\/p>

To be eligible to claim capital gains exemption, you must:<\/span><\/p>

i.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Qualify as an NRI under Indian Income Tax Law (typically by spending more than 182 days outside India in the financial year);<\/span><\/p>

ii.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Be a tax resident of Singapore in the same year in which the mutual fund gain arises; <\/span><\/p>

iii.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Have no permanent establishment (such as a business base or office) in India.<\/span><\/p>

Conditions to the available DTAA benefit:<\/span><\/p>

The resident must first obtain Tax Residency Certificate (more commonly known as Certificate of Residence in Singapore \u2013 will be referred to as \u201cCOR\u201d herein) from Inland Revenue Authority of Singapore (\u201cIRAS\u201d).<\/span><\/p>

The COR can be obtained from IRAS only if the individual primarily resides in Singapore and was physically present in Singapore for at least 183 days for that financial year. \u00a0The individual can log into Singpass and complete the application form via IRAS myTax Portal and submit the personal identification documents, proof of physical stay in Singapore, income details followed by contact details.<\/span><\/i><\/p>

Thereafter, the resident should fill up the online Form 10F declaration in India\u2019s income tax portal (www.incometax.gov.in), by using their PAN credentials.<\/span><\/p>

Together with the former two documents, the resident is also required to prepare and submit a self-declaration letter that corroborates that the individual is a tax resident of Singapore during the financial year, the individual maintains no permanent establishment in India and the relevant article of the DTAA (in most cases \u2013 Article 13).<\/span><\/p>

The relevant DTAA Articles are appended herein for your ease of reference: \u00a0<\/span><\/p>

Article <\/span><\/u><\/p><\/td>

Heads of Income<\/span><\/u><\/p><\/td>

\u00a0<\/span><\/u><\/p><\/td>

Article<\/span><\/u><\/p><\/td>

Heads of Income<\/span><\/u><\/p><\/td><\/tr>

1<\/span><\/p><\/td>

Personal scope<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

17<\/span><\/p><\/td>

Artistes and Sportspersons<\/span><\/p><\/td><\/tr>

2<\/span><\/p><\/td>

Taxes covered<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

18<\/span><\/p><\/td>

Pension and Annuities<\/span><\/p><\/td><\/tr>

3<\/span><\/p><\/td>

General definitions<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

19<\/span><\/p><\/td>

Government service<\/span><\/p><\/td><\/tr>

4<\/span><\/p><\/td>

Residence<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

20<\/span><\/p><\/td>

Students and trainees<\/span><\/p><\/td><\/tr>

5<\/span><\/p><\/td>

Permanent establishment<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

21<\/span><\/p><\/td>

Other income<\/span><\/p><\/td><\/tr>

6<\/span><\/p><\/td>

Income from Immovable Property<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

22<\/span><\/p><\/td>

Elimination of double taxation<\/span><\/p><\/td><\/tr>

7<\/span><\/p><\/td>

Business profits<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

23<\/span><\/p><\/td>

Non-discrimination<\/span><\/p><\/td><\/tr>

8<\/span><\/p><\/td>

Shipping and Air Transport<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

24<\/span><\/p><\/td>

Mutual Agreement Procedure (MAP) and Arbitration<\/span><\/p><\/td><\/tr>

9<\/span><\/p><\/td>

Associated enterprises<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

25<\/span><\/p><\/td>

Exchange of information<\/span><\/p><\/td><\/tr>

10<\/span><\/p><\/td>

Dividends<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

26<\/span><\/p><\/td>

Members of Diplomatic Missions<\/span><\/p><\/td><\/tr>

11<\/span><\/p><\/td>

Interest <\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

27<\/span><\/p><\/td>

Miscellaneous Provisions<\/span><\/p><\/td><\/tr>

12<\/span><\/p><\/td>

Royalties and technical services<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

28<\/span><\/p><\/td>

Entry into force <\/span><\/p><\/td><\/tr>

13<\/span><\/p><\/td>

Capital gains<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

29<\/span><\/p><\/td>

Termination<\/span><\/p><\/td><\/tr>

14<\/span><\/p><\/td>

Independent personal services<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

30<\/span><\/p><\/td>

Protocol-Specific Articles (originally 1994 and updated in 2005, 2011, 2016)<\/span><\/p><\/td><\/tr>

15<\/span><\/p><\/td>

Dependent personal services<\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

31<\/span><\/p><\/td><\/tr>

16<\/span><\/p><\/td>

Directors\u2019 Fees<\/span><\/p><\/td>

\u00a0<\/td><\/tr><\/tbody><\/table>

After the submission of the aforesaid ancillary documents, the individual is required to also file the Income Tax Return (referred to as \u201cITR\u201d). The ITR filing will be deemed mandatory under the following circumstances: <\/span><\/p>

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Income exceeds Basic Exemption Limit<\/span><\/p>

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Taxable Capital Gain or Dividend Income<\/span><\/p>

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Carry forward of Loss up to 8 years<\/span><\/p>

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Spent over RS. 2 Lakhs (approximately SGD 2,928)<\/i> <\/span><\/p>

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Electricity expenses exceeded RS. 1 Lakhs (approximately SGD 1,464)<\/i><\/span><\/p>

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Deposited RS. 1 Crore (approximately SGD 146,400)<\/i> or more in one or more current bank account<\/span><\/p>

\u00b7\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 <\/span><\/span>Deposited RS. 50 Lakhs (approximately SGD 73,200) <\/i>or more in one or more saving bank accounts.<\/span><\/p>

The ITR filing, which was previously due on 31 July 2025, has been extended till 15 September 2025 for this calendar year. It is paramount to take note that there can be no revisions made in the ITR filing once submitted and it is not possible to revise the carry forward of loss as well. Penalty and late filing fees will be applicable for late lodgements, and it will typically vary depending on the income of that individual.<\/span><\/p>

Adjustment of Losses<\/span><\/i><\/b><\/p>

GAIN<\/span><\/p><\/td>

Salary<\/span><\/p><\/td>

House Property<\/span><\/p><\/td>

Non-Speculative Business<\/span><\/p><\/td>

Speculative Business<\/span><\/p><\/td>

Long Term Capital<\/span><\/p><\/td>

Short Term Capital<\/span><\/p><\/td>

Other Sources<\/span><\/p><\/td><\/tr>

LOSS <\/span><\/p>

(8 Years)<\/span><\/p><\/td><\/tr>

House Property Loss<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td><\/tr>

Non Speculative Business <\/span><\/p><\/td>

No <\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td><\/tr>

Speculative Business (4 years)<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td><\/tr>

Long Term Capital<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td><\/tr>

Short Term Capital<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td>

No<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

No<\/span><\/p><\/td><\/tr>

Other sources<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td>

Yes<\/span><\/p><\/td><\/tr><\/tbody><\/table>

Changes in Income Tax Slab Rates<\/span><\/i><\/b><\/p>

Annual Income<\/span><\/p><\/td>

Old Regime<\/span><\/p><\/td>

Annual Income<\/span><\/p><\/td>

New Regime FY2024-2025<\/span><\/p><\/td>

Annual Income<\/span><\/p><\/td>

New Regime FY2025-2026<\/span><\/p><\/td><\/tr>

< Rs. 2.5 Lakhs <\/span><\/p>

(\u00b1 SGD3,660)<\/span><\/p><\/td>

Exempt<\/span><\/p><\/td>

< Rs. 3 Lakhs<\/span><\/p>

(\u00b1 SGD4,392)<\/span><\/p><\/td>

Exempt<\/span><\/p><\/td>

< Rs. 4 Lakhs<\/span><\/p>

(\u00b1 SGD5,856)<\/span><\/p><\/td>

Exempt<\/span><\/p><\/td><\/tr>

Rs. 2.5 \u2013 5 Lakhs<\/span><\/p>

(\u00b1 SGD3,660 to SGD7,320)<\/span><\/p><\/td>

5%<\/span><\/p><\/td>

Rs. 3 \u2013 7 Lakhs <\/span><\/p>

(\u00b1 SGD4,392 to SGD10,248)<\/span><\/p><\/td>

5%<\/span><\/p><\/td>

Rs. 4 \u2013 8 Lakhs<\/span><\/p>

(\u00b1 SGD5,856 to SGD11,712)<\/span><\/p><\/td>

5%<\/span><\/p><\/td><\/tr>

Rs. 5 \u2013 10 Lakhs<\/span><\/p>

(\u00b1 SGD7,320 to\u00a0 SGD14,640)<\/span><\/p><\/td>

20%<\/span><\/p><\/td>

Rs. 7 \u2013 10 Lakhs<\/span><\/p>

(\u00b1 SGD10,248 to SGD14,640)<\/span><\/p><\/td>

10%<\/span><\/p><\/td>

Rs. 8 \u2013 12 Lakhs<\/span><\/p>

(\u00b1 SGD11,712 to SGD17,568)<\/span><\/p><\/td>

10%<\/span><\/p><\/td><\/tr>

> Rs. 10 Lakhs<\/span><\/p>

(\u00b1SGD14,640)<\/span><\/p><\/td>

30%<\/span><\/p><\/td>

Rs. 10 \u2013 12 Lakhs<\/span><\/p>

(\u00b1 SGD14,640 to SGD17,568)<\/span><\/p><\/td>

15%<\/span><\/p><\/td>

Rs. 12 -16 Lakhs<\/span><\/p>

(\u00b1 SGD17,568 to SGD23,424)<\/span><\/p><\/td>

15%<\/span><\/p><\/td><\/tr>

–<\/span><\/p><\/td>

–<\/span><\/p><\/td>

Rs. 12 \u2013 15 Lakhs<\/span><\/p>

(\u00b1 SGD17,568 to SGD21,960)<\/span><\/p><\/td>

20%<\/span><\/p><\/td>

Rs. 16 \u2013 20 Lakhs<\/span><\/p>

(\u00b1 SGD23,424 to SGD29,280)<\/span><\/p><\/td>

20%<\/span><\/p><\/td><\/tr>

–<\/span><\/p><\/td>

–<\/span><\/p><\/td>

> Rs. 15 Lakhs<\/span><\/p>

(\u00b1 SGD21,960)<\/span><\/p><\/td>

30%<\/span><\/p><\/td>

Rs. 20 \u2013 24 Lakhs<\/span><\/p>

(\u00b1 SGD29,280 to SGD35,136)<\/span><\/p><\/td>

25%<\/span><\/p><\/td><\/tr>

–<\/span><\/p><\/td>

–<\/span><\/p><\/td>

–<\/b><\/span><\/p><\/td>

\u00a0<\/span><\/p><\/td>

> Rs. 24 Lakhs <\/span><\/p>

(\u00b1SGD35,136)<\/span><\/p><\/td>

30%<\/span><\/p><\/td><\/tr><\/tbody><\/table>

The proposed new tax regime stipulates that some exemptions and deductions which were allowed in the old tax regime (i.e. namely 80C, 80D, etc) are no longer applicable, pursuant to Section 115BAC. <\/span><\/p>

Tax Deducted at Source (\u201cTDS\u201d)<\/span><\/i><\/b><\/p>

Sellor<\/span><\/p><\/td>

Resident<\/span><\/p><\/td>

Non-Resident<\/span><\/p><\/td><\/tr>

Sale Value<\/span><\/p><\/td>

> 50 Lakhs<\/span><\/p><\/td>

Any Value<\/span><\/p><\/td><\/tr>

Rate of TDS<\/span><\/p><\/td>

1% <\/span><\/p><\/td>

20%<\/span><\/s> \u00e0<\/span> Revised to 12.5%<\/span><\/p><\/td><\/tr>

TDS Return<\/span><\/p><\/td>

Form 26QB (PAN)<\/span><\/p><\/td>

Form 27Q (TAN)<\/span><\/p><\/td><\/tr><\/tbody><\/table>

Capital Gains \u2013 Immovable Properties:<\/span><\/p>

Before Budget (for transactions done till 22 July 2024)<\/span><\/p><\/td><\/tr>

Asset<\/span><\/p><\/td>

Short Term<\/span><\/p><\/td>

Tax Rate<\/span><\/p><\/td>

Long Term<\/span><\/p><\/td>

Tax Rate<\/span><\/p><\/td><\/tr>

Immovable Property<\/span><\/p><\/td>

< 24 months<\/span><\/p><\/td>

Slab Rates<\/span><\/p><\/td>

> 24 months <\/span><\/p><\/td>

20 % (with indexation)<\/span><\/p><\/td><\/tr><\/tbody><\/table>

Before Budget (for transactions done on or after 23 July 2024)<\/span><\/p><\/td><\/tr>

Asset<\/span><\/p><\/td>

Short Term<\/span><\/p><\/td>

Tax Rate<\/span><\/p><\/td>

Long Term<\/span><\/p><\/td>

Tax Rate<\/span><\/p><\/td><\/tr>

Immovable Property<\/span><\/p><\/td>

< 24 months<\/span><\/p><\/td>

Slab Rates<\/span><\/p><\/td>

> 24 months <\/span><\/p><\/td>

12.5%<\/span><\/p><\/td><\/tr><\/tbody><\/table>

LTCL and Negligible Gain<\/span><\/i><\/b><\/p>

Particulars<\/span><\/u><\/p><\/td>

Claim Refund<\/span><\/u><\/p><\/td>

Apply Lower TDS<\/span><\/u><\/p><\/td><\/tr>

Sale Price<\/span><\/p><\/td>

100 Lakhs (\u00b1 SGD146,400)<\/span><\/p><\/td>

100 Lakhs (\u00b1 SGD146,400)<\/span><\/p><\/td><\/tr>

Less: Cost of Acquisition<\/span><\/p><\/td>

90 Lakhs <\/span><\/p><\/td>

90 Lakhs<\/span><\/p><\/td><\/tr>

Capital Gain<\/span><\/p><\/td>

10 Lakhs<\/span><\/p><\/td>

10 Lakhs<\/span><\/p><\/td><\/tr>

Tax @ 14.95%<\/span><\/p>

(Tax 12.50% + Surcharge 15% + Education Cess 4%)<\/span><\/p><\/td>

14.95 Lakhs (Rate of 14.95%)<\/span><\/p><\/td>

1.49 Lakhs (Lower rate of 1.49%)<\/span><\/p><\/td><\/tr>

TDS Deduction<\/span><\/p><\/td>

14.95 Lakhs (Rate of 14.95%)<\/span><\/p><\/td>

1.49 Lakhs (Lower rate of 1.49%)<\/span><\/p><\/td><\/tr>

Refund Claim<\/span><\/p><\/td>

13.46 Lakhs<\/span><\/p><\/td>

–<\/span><\/p><\/td><\/tr><\/tbody><\/table>

\u00a0<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

A copy of the DTAA is attached herein, for your ease of reference.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tDTAA between Singapore and India<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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NS Global Consultants Pte Ltd<\/span><\/b> delivers end-to-end Indian tax advisory services for NRIs<\/b>, with a focus on property sale taxation, capital gains computation, and Lower \/ Nil TDS Certificate (Form 13) support<\/b>, ensuring compliance and efficient tax outcomes.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Disclosure of Foreign Income and Assets It is not compulsory for an individual to show foreign assets or income in India given […]<\/p>\n","protected":false},"author":1,"featured_media":3940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[21],"tags":[],"class_list":["post-3939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nri"],"yoast_head":"\nNRI Taxation in India - NSGlobal<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NRI Taxation in India - NSGlobal\" \/>\n<meta property=\"og:description\" content=\"Disclosure of Foreign Income and Assets It is not compulsory for an individual to show foreign assets or income in India given […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/\" \/>\n<meta property=\"og:site_name\" content=\"NSGlobal\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/nsglobalsg\/\" \/>\n<meta property=\"article:published_time\" content=\"2025-12-20T15:47:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-22T03:12:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nsglobal.pro\/in\/wp-content\/uploads\/2025\/12\/NRI-Taxation-in-India.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"618\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"adminNSglobal\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"adminNSglobal\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/\"},\"author\":{\"name\":\"adminNSglobal\",\"@id\":\"https:\/\/nsglobal.pro\/in\/#\/schema\/person\/bf8d8ce87a4411cb100d4e697b6639f2\"},\"headline\":\"NRI Taxation in India\",\"datePublished\":\"2025-12-20T15:47:33+00:00\",\"dateModified\":\"2025-12-22T03:12:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/\"},\"wordCount\":1529,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/nsglobal.pro\/in\/#organization\"},\"image\":{\"@id\":\"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/nsglobal.pro\/in\/wp-content\/uploads\/2025\/12\/NRI-Taxation-in-India.jpg\",\"articleSection\":[\"NRI\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/\",\"url\":\"https:\/\/nsglobal.pro\/in\/nri-taxation-in-india\/\",\"name\":\"NRI Taxation in India - 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