NRIs Expect Tax Relief in Budget 2025: Key Issues Highlighted

Non-Resident Indians (NRIs) are hoping for significant tax relief in the upcoming 2025 Union Budget. NRIs have raised several key issues, including the high taxation on their income earned abroad and the taxation of global income. The key focus of their concerns is the introduction of tax exemptions or reductions for NRIs, as they feel the current tax regime disproportionately affects them. Additionally, issues surrounding tax treaty benefits, capital gains tax, and the need for simplifying filing processes have been highlighted. NRIs are also pushing for the extension of benefits under the Pradhan Mantri Vaya Vandana Yojana and other pension schemes to include NRIs. Their expectations are aimed at making India more attractive for overseas investment.