Under the income tax Act, section NRI taxation applies to those earning outside the home country and those staying outside India but having income source within the India with rental. If NRI income exceeds Rs 2,50,000 in the preceding year, then it needs to file income tax return. Income earned outside India is not taxable in India. Rules of taxation for NRI : Under section 115D, of the Income tax Act includes special provisions for calculation of tax: Last date to file income tax return in India for NRI is 31st July. In a financial year, if tax liability exceeds Rs 10,000 then tax payers are required to pay advance tax. If advance tax is not paid by tax payer, then interest under section 234B and 234C is applicable. List of documents and other details required for the filing of ITR by NRIs:- In case of DTAA between India and foreign country is signed, following documents are required: In all other Cases following documents required:- NRI Mutual Funds Taxation: For NRI investors, mutual funds units are subject to tax. For tax on equity oriented mutual funds, the definition of long term refers to more than 1 year and otherwise it is short term. LTCG for equity mutual funds held by NRIs is 10 per cent ( exceeding Rs 1lakh in one financial year, provided such units are subject to STT) and STCG tax is 15 per cent. For Debt fund , long term refers to more than 3 years for taxation and otherwise it is short term. With Indexation benefit, LTCG is 20% and STCG is 30%. International Taxation in India: Study of taxation beyond the national level, is known as International Taxation. Who wants to study all aspects of International Taxation this can be a doubt in the mind of anybody. So let me clarify it:NRI/ INTERNATIONAL TAXATION