NRI property TDS rules, Undisclosed foreign asset disclosure and more; know all NRI related income tax reforms announced in Budget 2026

Finance Minister Nirmala Sitharaman announced significant tax reforms for Non-Resident Indians on February 1, 2026. Key changes include revised duty-free allowances, simplified property transaction compliance by replacing TAN with PAN for resident buyers, and reduced TCS rates on overseas tour packages and LRS remittances. These measures aim to ease compliance and foster stronger diaspora engagement with the Indian economy.