In line with regulatory guidance and to ensure compliance under Indian laws, we bring to your attention certain key compliance requirements under the Foreign Exchange Management (FEMA) Act, 1999 and the Income Tax Act, 1961, that may apply to you as an NRI.

Here is what you can do:

1. Update your Tax Residency Status with the Income Tax Department:

Visit: https://eportal.incometax.gov.in

Update the residential status in your profile to Non-Resident.

Update the same status when filing your Income Tax Return (ITR), if applicable.

Inform your Jurisdictional Assessing Officer (JAO) of this change.

2. Compliance with FEMA and Other Banking Regulations

Re-designate all your Bank and deposit accounts in India (e.g., Resident Savings to NRO account).

Notify investment institutions such as mutual funds, depositories, and companies where you hold investments about your updated residential status.

Assess the treatment of your Indian and overseas assets under FEMA regulations.

3. Obtain a valid Tax Residency Certificate (TRC)

To use benefits under the Double Taxation Avoidance Agreement (DTAA) between India and your country of residence, you may obtain and maintain a valid TRC from your country of tax residence.