🌏 Status & Gifts Desk — FY 2025-26
Two questions every NRI family asks: what am I this year, and is this gift taxable?
1 · Residential status (s.6)
NR — Non-Resident — only Indian income taxable
- • Citizen/PIO visiting India (Indian income ≤ ₹15L) → the 60-day limb relaxes to 182 days.
- • Neither day-count limb met → NON-RESIDENT. Only India-sourced/received income is taxable; foreign income stays out.
2 · Gift received — taxable? (s.56(2)(x))
Taxable — ₹1,00,000 added to income at slab
- • Taxable as 'Income from other sources' at slab rates — the ENTIRE value once the ₹50,000 aggregate is crossed.
RNOR windows after returning to India are planning gold — foreign income stays out while they last. Compute the whole year in the workspace.