What is cross-border tax advisory?

Cross-border tax advisory helps businesses and individuals manage tax obligations across multiple countries — ensuring compliance with UK, UAE, US, and Indian tax laws while minimising unnecessary tax liability.

Do NRIs living in the UK need to file a tax return?

Yes. NRIs living in the UK are subject to HMRC rules based on their residency status. The Tax Planet provides specialist NRI tax planning to ensure full compliance and maximum DTAA benefits.

What is DTAA and how does it benefit NRIs?

DTAA (Double Taxation Avoidance Agreement) prevents NRIs from being taxed twice on the same income in two countries. The Tax Planet helps clients claim all available DTAA benefits across UK, UAE, US and India.

How does The Tax Planet help Indian businesses in the UK?

We provide specialist tax planning, HMRC compliance, bookkeeping, and cross-border advisory — helping Indian-origin businesses stay compliant and tax-efficient across the UK and India corridor.

What services does The Tax Planet offer for UAE residents?

We advise UAE-resident Indians and businesses on cross-border tax exposure, UK tax obligations, corporate structuring, and international tax planning across UAE, UK and India.

How do I book a consultation with The Tax Planet?

Simply click the Book A Call button on our website to schedule a free discovery call with our specialist advisors.

India Budget 2026: Key Tax Changes Every NRI Must Know

The India Union Budget 2026 continues to reshape the tax landscape for Non-Resident Indians living across the UK, UAE, US, and beyond. From capital gains tax updates to tightened residency rules and new reporting requirements – staying informed is no longer optional for NRIs with Indian financial ties. Here is your complete guide to the key Budget 2026 changes every NRI must know.

Capital Gains Tax – 2026 Position

The capital gains tax restructuring introduced in the 2024 Budget remains fully in force
in 2026 with important implications for NRIs:

LTCG on listed equity – 12.5% for gains above ₹1.25 lakh annually

STCG on listed equity – 20% on short-term gains

LTCG on property – 12.5% without indexation for properties purchased after July 2024

Indexation removed – no inflation adjustment for property purchased after July 2024

TDS on NRI property sale – buyer deducts TDS at applicable NRI rates before payment

Lower TDS certificate – NRIs can apply to reduce TDS if actual liability is lower

Residency Rules — Still Critical in 2026

The tightened residency rules introduced in 2020 remain fully in force in 2026. NRIs must carefully manage their days in India:

182-day rule — spend fewer than 182 days in India to remain non-resident

120-day rule — applies if Indian income exceeds ₹15 lakh

Deemed resident — Indians not tax resident anywhere may be pulled into Indian tax net

Worldwide income risk — deemed residents taxed on global income in India

UAE NRIs — most vulnerable as UAE has no personal income tax

New Reporting Requirements for NRIs in 2026 Bullets:

When a UK-based Indian passes away with assets in both countries, the family faces probate proceedings in two separate jurisdictions — each with its own rules, timelines, and costs.
Key challenges in 2026:

AIS captures more NRI transactions than ever; assume Income Tax Dept already knows

Property transactions high-value deals automatically reported to Income Tax Department

Foreign assets — returning NRIs must declare all foreign assets in Schedule FA

Digital assets — crypto & digital asset holdings now reportable in Indian tax return

Beneficial ownership — NRI beneficial interest in Indian entities must be disclosed