Golden tax window for NRIs: What RNOR means and how to use it
Summary
Planning a move back to India? The resident but not ordinarily resident (RNOR) status can shield your global income from Indian tax—if you manage it right.
Picture this, you’re a non-resident Indian (NRI), who’s decided to return to India for good. Here’s the good news, before you transition into a full-fledged resident for tax purposes, there exists a golden window that can help you save significantly on taxes.
It’s called the RNOR status— resident but not ordinarily resident. During this phase, your foreign income isn’t taxed in India, explained Ankur Choudhary, co-founder & CEO, Belong - NRI Savings & Investments.
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