Union Budget 2026 — implications for NRIs

What to watch

Each Union Budget recalibrates slabs, withholding, TCS on outward remittances, and reporting. For non-residents the practical questions are whether TDS on property sales changes, whether LRS/TCS rules for resident family members change, and whether new disclosure forms affect Schedule FA.

We publish a working note after the Finance Bill and update it when the Act is notified. If you have a transaction in flight — a property sale, a repatriation, a return to India — do not wait for the Act; ask us to stress-test the draft against your facts.