I can help you with your question: Do NRI need to declare foreign income? In India, Non-Resident Indians (NRIs) are taxed only on income that is earned or received in India. Income earned abroad like overseas salary, foreign investments, or rental income is typically not taxable in India and need not be declared in your Income Tax Return (ITR), provided it remains in a foreign bank account.
You are required to file ITR only if your total Indian income exceeds Rs. 2.5 lakh (old regime) or Rs. 3 lakh (new regime). However, exceptions apply. Foreign income becomes taxable and must be disclosed if:
It is received directly in an Indian bank account, such as foreign salary credited to your NRE/NRO account.
You change residential status during the year and become a resident, which necessitates reporting all foreign assets and income in Schedule FA under the Black Money Act.
If you claim relief under a Double Taxation Avoidance Agreement (DTAA), you must report foreign income and tax paid abroad in Form 67, and fill Schedule TR to claim credit.
Importantly, you are not required to register foreign bank accounts or assets in the ITR unless you are a resident or have changed status mid-year.
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Do NRI Need To Declare Foreign Income?
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2025-06-28T14:52:13+00:00 2025-06-28T14:52:15+00:00Comment
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