● Residential status is key for

taxation (FEMA and Income Tax

Act).

● Interest on NRE accounts is tax-

free for non-residents; becoming

a resident makes it taxable.

● FCNR and NRE accounts have

separate tax provisions.

● Opening FCNR before becoming a resident allows tax-free interest.

● NRI clients have a 250,000 exemption limit, except for specified tax rates. Aadhar not mandatory; TDS applies to taxable income.