NRIs must file ITR if income exceeds exemption limit, follow FEMA rules, and report foreign assets on return to India.
This infographic covers tax and financial compliance for NRIs in India. NRIs must file ITR if Indian income exceeds the basic exemption limit; foreign income is generally exempt unless sourced from India. Convert resident accounts to NRO/NRE/FCNR, follow FEMA for remittances and investments, and comply with TDS on capital gains and rental income. NRIs returning to India must disclose foreign assets in Schedule FA. Non-compliance can lead to penalties under the Black Money Act.