CNK in the News: Mint

RNOR Status: A Tax Window That Requires Careful Planning

For returning NRIs, RNOR status can provide a valuable transition period before worldwide income becomes taxable in India. However, the benefit depends on carefully monitoring residential-status conditions and the timing of foreign income and asset transactions.

CA Pallav Pradyumn Narang, Partner, CNK RK & CO, highlighted in Mint that the 9/10-year and 729-day tests must be tracked closely, as a change in RNOR status can bring foreign-income taxation and Schedule FA disclosure requirements into effect.

Read more about RNOR, its tax implications and key planning considerations in the featured article by Mint.