For informational purposes only. Not financial, legal, or tax advice. Consult a qualified Indian CA (Chartered Accountant) or tax adviser before repatriating assets.

Residency Status Check

RNOR Eligibility Calculator

Under the Income Tax Act, RNOR status applies to returning NRIs who meet specific prior-year residency conditions. Calculate your window.

Years as NRI in Last 10 Financial Years

A financial year = April 1 to March 31. Count years you were non-resident under the IT Act.

Days in India in Last 7 Financial Years

Maximum across 7 years = 2,555 days. RNOR requires 729 or fewer.

IBKR Foreign Portfolio Value (INR)

Approx: 1 AED ~ INR 22.5 | $1 USD ~ INR 83

Enter NRI history above

Indian Asset Taxation

NRI Capital Gains & TDS Rates

These rates apply when NRIs sell Indian assets. TDS is deducted at source before you can repatriate the proceeds.

Asset Type	Holding for Long-Term	NRI TDS Rate	Notes
Listed Equity Shares & Equity Mutual Funds	> 12 months	12.5%	On gains exceeding ?1.25 lakh. No indexation. Surcharge + 4% cess may apply.
Real Estate / Property	> 24 months	12.5%	No indexation for properties sold post-July 2024. Previously 20% with indexation.
Debt Mutual Funds (bought post-April 2023)	Always Short-Term	Slab rates (up to 30%)	+ Surcharge + 4% Cess. Indexation removed post-April 2023.
Unlisted Shares	> 24 months	12.5%	Or 20% with indexation - whichever is more beneficial.
NRE Account Interest	N/A	0% (Tax-Free)	Convert to RFC on return to maintain this exemption during RNOR period.
NRO Account Interest	N/A	30% TDS	No ?40,000 exemption limit for NRIs (residents get ?40k exemption).

Section 54EC Exemption - Shield up to ?50 Lakh

Long-Term Capital Gains on property or unlisted shares can be fully exempted by reinvesting the gain (up to ?50 lakh) into specified infrastructure bonds (NHAI, REC) within 6 months of the sale. The bonds must be held for at least 5 years. This is a powerful tool for NRIs selling Indian property before or just after return.

Banking Transition

NRE RFC Account Conversion

NRE Account (Abroad)

✅ Interest fully tax-free
✅ Freely repatriable
✅ Foreign currency held
⚠️ Must convert on return

RFC Account (RNOR Period)

✅ Maintains tax-free interest
✅ Foreign currency maintained
✅ Available during RNOR period
✅ Convert NRE here immediately

NRO Account (Avoid for Savings)

❌ 30% TDS on interest
⚠️ For Indian-source income only
⚠️ Repatriation limits: $1M/yr
⚠️ Requires CA certificate (15CA/CB)

Action on return: Convert NRE accounts to Resident Foreign Currency (RFC) accounts immediately upon becoming an Indian resident. RFC accounts maintain the tax-free interest status throughout the RNOR period. Once you become ROR (fully resident), RFC interest becomes taxable at slab rates - at that point, consider investing the corpus to shelter it from interest income tax.