Neutral impactEconomy
Living in Brazil, billing a Goa company? This is how India will tax professional income of NRIs
Mint 1 hr ago·1 Sept 2026, 5:11 am
The Indian government is tightening rules for Non-Resident Indians (NRIs) earning professional income within the country. Under the new guidelines, a professional working abroad but providing services to an Indian entity will now be treated as a 'resident' for tax purposes. This means their global income, including earnings from foreign clients, becomes taxable in India, effectively closing a long-standing loophole.
This shift is significant for investors as it broadens the tax base, potentially increasing revenue for the government. For an NRI, this could mean a higher tax liability, so it is crucial to plan finances accordingly. The government aims to ensure that income generated within India is taxed appropriately, regardless of where the professional resides.
Investors should watch for the official notification and the timeline for implementation. It is advisable for NRIs to consult a tax expert to understand how these changes impact their specific financial situation and to ensure compliance with the new regulations.
Excerpt from Mint
An Indian professional living in Brazil while providing architectural services to a Goa-based company wants to know if professional fees paid into a foreign bank account will attract Indian tax. Here's what the India-Brazil tax treaty says. An Indian professional has moved to Brazil for a long-term project and…Read the original at Mint
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