site logo

ndsadvisors.com

Returning & Recent Immigrant · ICAI Registered Firm

Returning Indian / Recent Immigrant the most important tax window of your life.

Specialist services for individuals moving back to India or arriving as recent immigrants — RNOR planning, foreign asset disclosure, account restructuring, and tax-efficient transition of global income to the Indian tax base.

The years around a move to India are tax-critical. For up to three years, a returning Indian can enjoy RNOR status — meaning foreign income (other than from a business controlled in India) remains outside the Indian tax net. After that, global income becomes fully taxable.

This transition window is also when bank accounts must be restructured (NRE / FCNR converted to RFC or resident), foreign assets must be evaluated for disclosure under Schedule FA, and DTAA positions must be reviewed for legacy salary, pension, and investment income.

We help returning Indians and recent immigrants plan this transition end-to-end — from pre-arrival structuring to RNOR-period filings, foreign asset reporting, and full resident status when the time comes. The earlier the planning starts, the more value the RNOR window delivers.

Our Returning Indian / Recent Immigrant Services

01

Pre-Arrival Planning

Asset and income review before the move, with structuring to maximise RNOR benefit.

02

RNOR Period Filing

ITR filing during the RNOR window with treatment of foreign income.

03

Account Restructuring

NRE / FCNR to RFC and resident savings account conversions.

04

Foreign Asset Disclosure

Schedule FA, FBAR, and other foreign asset reporting obligations.

05

DTAA on Foreign Pension

Treaty position on overseas pension, social security, and retirement accounts.

06

ESOP / RSU Transition

Tax treatment of foreign ESOP / RSU with cross-border vesting and exercise.

07

Investment Realignment

Realignment of foreign investments, mutual funds, and retirement accounts.

08

Full Resident Transition

Final transition to ROR status with global income filing.

Our Approach

1

Move Timeline

Date of arrival fixed and projected stay pattern for the next 3 years.

2

Status Forecast

RNOR / ROR status mapped for each projected financial year.

3

Asset & Income Review

Foreign assets, accounts, pensions, and ESOPs catalogued.

4

Transition Plan

Action plan with bank conversions, disclosures, and filings.

5

Annual Execution

Year-on-year filings and reviews till full resident transition.

Why It Matters

Full use of RNOR tax window
Foreign asset disclosure compliance
Bank account restructuring
DTAA on legacy income
ESOP / RSU cross-border handling
Schedule FA filing accuracy
Pension and social security clarity
Smooth transition to ROR status

Frequently Asked Questions

An NRI returning to India to settle down, becoming Resident under Section 6.

Generally up to 2 to 3 financial years after returning, subject to Section 6(6) conditions.

Foreign income, other than from a business controlled in India, is not taxable during RNOR.

Yes, Schedule FA disclosure is required once they become ROR.

No, NRE accounts must be redesignated as resident or converted to RFC accounts.

Planning a Move Back to India?

Get a transition plan that uses your full RNOR window — from pre-arrival structuring to year-on-year filings till you become a full resident.

Plan My India Return or call +91 9819 000 511