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RNOR (Resident but Not Ordinary Resident) status could save returning NRIs lakhs in taxes! As a returning NRI, understanding this special tax status is crucial for your financial planning.
In this video, we break down:
- What is RNOR status and who qualifies
- How long can you maintain RNOR status
- 3 major tax benefits for RNORs
- Special conditions for NRIs visiting India
- Tax implications for foreign income
Key Highlights:
- Automatic RNOR qualification criteria
- Tax exemptions on foreign income
- NRE/NRO account interest benefits
- Capital gains tax advantages
- Maximum duration of RNOR status
Pro Tip: Timing your return to India strategically can help maximize these tax benefits!
This video is especially relevant for:
- NRIs planning to return to India
- Those with foreign income sources
- Recently returned NRIs
- Anyone earning ₹15 lakhs or more in India
Learn from Alok's decade-long experience in managing NRI investments worth over 300 crores.
Subscribe to 'NRI Money with Alok' for more valuable insights on NRI finance, banking, investments, and retirement planning.
Have any questions or need further guidance? Drop a comment below or reach out for personalized advice.
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Disclaimer: This video is for educational purposes only and does not constitute financial or legal advice. Please consult with a professional advisor for your specific situation.
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#RNOR_status #tax_benefits_for_nir #nir_money #nri_investments