Aditya Bhattachrya on Budget 2026: NRIs Seek Tax Clarity and Investment-Friendly Reforms
Commenting on expectations from Union Budget 2026, Aditya Bhattacharya noted that Non-Resident Indians (NRIs) will be closely watching for reforms aimed at simplifying taxation, easing compliance, and providing greater certainty for investments in India.
According to Aditya, a key area of focus for NRIs is the rationalisation of the tax framework applicable to NRI income, particularly with respect to capital gains on equity, mutual funds, and immovable property. He highlighted the need for clearer rules on residential status, as well as greater certainty on the taxability of overseas income, to reduce ambiguity and disputes. He also pointed out that smoother mechanisms for claiming tax refunds, easier access to foreign tax credit, and more consistent application of Double Taxation Avoidance Agreements (DTAAs) would go a long way in easing compliance for the diaspora.
He further observed that NRIs are keen on measures that encourage deeper participation in India’s growth story. He noted that liberalised investment norms for real estate, start-ups, alternative investment funds, and debt instruments, coupled with simplification of FEMA regulations, could significantly enhance investor confidence. Faster digital KYC processes, more efficient banking services for NRE and NRO accounts, and smoother repatriation of funds were also identified as critical enablers.
Aditya added that targeted incentives in sectors such as infrastructure, renewable energy, manufacturing, and start-ups, along with policy stability, could further strengthen trust and long-term engagement of the Indian diaspora with the Indian economy.
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