#indianincometax
Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime
As the Income Tax Return (ITR) filing window opens for the Assessment Year 2025–26, non-resident Indians (NRIs) are being presented with a valuable opportunity to simplify their tax obligations and, in some cases, avoid filing a return entirely. Under Chapter XII-A of the Income Tax Act, 1961, NRIs who earn income from specific foreign exchange (FOREX) assets in India may opt for a special concessional tax regime that offers multiple benefits—including exemption from filing if certai
Avoid ITR filing in 2025 if you're an NRI under this concessional tax regime
As the Income Tax Return (ITR) filing window opens for the Assessment Year 2025–26, non-resident Indians (NRIs) are being presented with a valuable opportunity to simplify their tax obligations and, in some cases, avoid filing a return entirely. Under Chapter XII-A of the Income Tax Act, 1961, NRIs who earn income from specific foreign exchange (FOREX) assets in India may opt for a special concessional tax regime that offers multiple benefits—including exemption from filing if certai









