r/NRI_Finance

I was NRI for 6 years and became RNOR in FY 2025–26 after moving back to India full-time. My FCNR deposits auto-renewed in April 2026 and May 2026 before I updated residency status with the bank. Can these renewed FCNRs continue till maturity? Also, am I likely still RNOR in FY 2026–27? I think am in the golden transition window. Any advice from returning NRIs? Am also getting checked with my CA but want to know others experiences

My grandmother passed away two years ago. I'm a lawyer in India — and even in our family, we recently discovered there's unclaimed TDS sitting in her income tax account from shares and mutual funds that were transferred to my uncle's name after her passing. Nobody caught it.

This got me thinking- if this can happen in a family where someone has a legal background and still knows the system — what happens in families where there's no lawyer, no CA, no one who even knows what questions to ask?

If you've been through inheritance or succession in India while living abroad — I'd love to hear your experience. Specifically:

• What was the process actually like — how long did it take, who did you have to coordinate with from overseas?
• What was the thing nobody warned you about?
• Did you manage it yourself, hire someone locally, fly back, or just leave things unresolved?

Trying to understand how widespread and how painful this problem is. Happy to share whatever I know from the legal side if it helps anyone in the thread.

This is the first time I am buying a property. I am planning on buying my parents' home, which they got a loan against for my education in the US. There are circumstances due to which I need to buy the property, but since visa appointments are not available for stamping, I am unable to go home for the procedure. What are the steps to buy my home from my parents if I can't go to India?

Hi all,

I moved back to India around mid-2025 after working in the U.S. for many years (H1B). I’ve filed my final U.S. taxes as a full-year resident (included India income) and now have no U.S. income going forward.

I’ll likely be in RNOR status in India for the next ~2–3 years.

I have ~$150k in a traditional 401(k)/rollover IRA and a small Roth IRA. I want to withdraw funds over the next few years in the most tax-efficient way.

Questions:

- Best strategy to withdraw (spread over years vs lump sum)?
- Ideal yearly withdrawal amount to minimize U.S. tax?
- Is the 10% early withdrawal penalty unavoidable?
- During RNOR, are these withdrawals taxed in India?
- Any key forms or compliance steps to submit?
- Roth conversion vs straight withdrawal — worth it?

Would appreciate insights from anyone who’s done this or tax pros here. Thanks!

Hey everyone,
I came across an update about NRI ITR filing for AY 2026–27 and wanted to confirm:

• NRIs can’t file ITR-1 (Sahaj)
• ITR-2 deadline: 31 July 2026
• ITR-3 & ITR-4: extended to 31 August 2026
• Audit cases: 31 October 2026
• Belated return: 31 December 2026
• Revised return: 31 March 2027

Also saw that late filing may lead to penalties and loss of carry-forward benefits.

Can someone confirm whether these deadlines/extensions have been officially announced?
And which ITR form are most NRIs here using (ITR-2 vs ITR-3)?

Thanks in advance!