LatestAccounting And Audit 11 September 2026
ICAI Publishes Handbook on NRI Tax, Residential Status, FEMA Rules
ICAI released a handbook that explains NRI tax duties, residential status rules, and key FEMA regulations. The guide simplifies compliance for NRI investors and professionals with clear examples, step‑by‑step instructions, and a FAQ section.
ICAI releases new handbook – The Institute of Chartered Accountants of India (ICAI) launched a handbook covering NRI residential status, tax liabilities, and FEMA rules.
- Clarifies criteria for determining NRI residential status.
- Details income tax treatment for NRIs, including exemptions and deductions.
- Outlines key FEMA provisions affecting cross‑border transactions.
- Provides practical examples, compliance checklists, and a FAQ section.
For full details, read the ICAI announcement here.
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