NRIs: What to do if you received a reassessment notice from the Indian income tax department

NRIs: What to do if you received a reassessment notice from the Indian income tax department

Dubai: Several UAE-based Indian expats have been mailed notices from the income tax department in India particularly relating to their previous investments back home, and this has raised concern among non-resident Indians (NRIs) on what the next step should be if they get such notices. Here’s what you should know when it comes to what needs to be done if you are a NRI and have received such a notice from the Indian income tax department, as it is vital to know how to respond to them given that there was some confusion around doing them last year as well. In emailed notifications, titled ‘Notice under Section 148 (or Section 148A) of Income Tax Act 1961’, those NRI investments made in India over the past years, for which no income tax returns were filed, are scrutinised in particular. These notices are sent to NRIs to initiate ‘reassessment proceedings’. Section 148A of the Income Tax Act, 1961, was introduced in 2021 and permits Indian tax authorities to exchange information with the authorities of other countries, including information relating to NRIs. The exchange of information under this section is for the purpose of enabling tax authorities to carry out the provisions of