{"id":7852,"date":"2024-12-14T05:00:59","date_gmt":"2024-12-13T23:30:59","guid":{"rendered":"https:\/\/aktassociates.com\/blog\/?p=7852"},"modified":"2024-10-08T16:23:30","modified_gmt":"2024-10-08T10:53:30","slug":"the-most-common-mistake-nris-make-and-how-to-avoid-it","status":"publish","type":"post","link":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/","title":{"rendered":"The Most Common Mistake NRIs Make and How to Avoid It"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >In this article, we will discuss about...<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #1e73be;color:#1e73be\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #1e73be;color:#1e73be\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#Introduction\" title=\"Introduction\">Introduction<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#What_Is_the_Mistake\" title=\"What Is the Mistake?\">What Is the Mistake?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#Why_Do_NRIs_Make_This_Mistake\" title=\"Why Do NRIs Make This Mistake?\">Why Do NRIs Make This Mistake?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#How_This_Small_Mistake_Becomes_a_Big_Problem\" title=\"How This Small Mistake Becomes a Big Problem\">How This Small Mistake Becomes a Big Problem<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#What_the_Tax_Laws_Say\" title=\"What the Tax Laws Say\">What the Tax Laws Say<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#Tax_Trouble_for_NRIs\" title=\"Tax Trouble for NRIs\">Tax Trouble for NRIs<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#The_Misunderstanding_About_Paying_More_Taxes\" title=\"The Misunderstanding About Paying More Taxes\">The Misunderstanding About Paying More Taxes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#The_Simple_Solution\" title=\"The Simple Solution\">The Simple Solution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#Other_Tips_to_Stay_Compliant\" title=\"Other Tips to Stay Compliant\">Other Tips to Stay Compliant<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Introduction\"><\/span><b>Introduction<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Many NRIs make a common mistake that seems small but can cause big tax problems later. I\u2019d say around 99% of NRIs make this error. In this article, I\u2019ll explain what this mistake is, why it happens, and how you can avoid it.<\/span><\/p>\n<p><b>Why read when you can watch the video?<\/b><br \/>\n<iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/l--Rhum0WGk?si=eX72jrVd6uu7nLQf\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_Is_the_Mistake\"><\/span><b>What Is the Mistake?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Most NRIs make the mistake of investing money or buying property in their spouse\u2019s name. At first, this seems like a smart idea. When someone moves abroad for work, the spouse often stays in India, so it feels easier to transfer money or buy property in the spouse\u2019s name.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_Do_NRIs_Make_This_Mistake\"><\/span><b>Why Do NRIs Make This Mistake?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The main reason is convenience. Two factors make this mistake common:<\/span><\/p>\n<ol>\n<li><b> Ease of Compliance: <\/b><span style=\"font-weight: 400;\">NRIs face more complicated tax rules than residents of India. It\u2019s easier for the spouse (who\u2019s still a resident) to handle investments and property because they have fewer tax requirements to follow.<\/span><\/li>\n<li><b> Physical Presence: <\/b><span style=\"font-weight: 400;\">NRIs can\u2019t always be in India to sign papers or manage property. By putting investments and property in the spouse\u2019s name, the spouse can handle everything locally without the NRI needing to be there.<\/span><\/li>\n<\/ol>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7861 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/Investment-vs-Property.png\" alt=\"invest vs property\" width=\"500\" height=\"300\" \/><\/p>\n<p><span style=\"font-weight: 400;\">There\u2019s no bad intent\u2014people do this to make things easier for their spouse. But this convenience can lead to unintentional tax mistakes.<\/span><\/p>\n<p><a href=\"https:\/\/pages.razorpay.com\/akt-nri-tax-consulting\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-5175 size-full\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/06\/Consult-CA-Arun-Tiwari.png\" alt=\"\" width=\"700\" height=\"150\" srcset=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/06\/Consult-CA-Arun-Tiwari.png 700w, https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2023\/06\/Consult-CA-Arun-Tiwari-300x64.png 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/a><\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_This_Small_Mistake_Becomes_a_Big_Problem\"><\/span><b>How This Small Mistake Becomes a Big Problem<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Here\u2019s the problem: Many NRIs think that since they are sending money from abroad and the investments are in their spouse\u2019s name, they don\u2019t need to worry about the tax on that income. This is a big misunderstanding.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some NRIs don\u2019t file tax returns for their spouse because they believe the income is exempt due to their NRI status. Others assume the income belongs to the spouse and file returns in the spouse\u2019s name. This is incorrect.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_the_Tax_Laws_Say\"><\/span><b>What the Tax Laws Say<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Section 64 of the Income Tax Act says that if you transfer money or property to your spouse without receiving anything in return, the income from that money must be added to your income, not your spouse\u2019s.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7862 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/Section-64-tax-law.png\" alt=\"section 64\" width=\"500\" height=\"300\" \/><span style=\"font-weight: 400;\">So, if you transfer money to your spouse to buy property or make investments, the income from those investments must be included in your tax return, not your spouse\u2019s. This is known as the clubbing provision. Failing to report this can cause serious tax problems.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Tax_Trouble_for_NRIs\"><\/span><b>Tax Trouble for NRIs<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">For NRIs, the problem is worse because the tax department can investigate unreported income for up to 16 years. For residents, the period is only 3 to 7 years.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If you\u2019ve been investing or buying property in your spouse\u2019s name for years without reporting the income, you could still get a tax notice, even after a decade.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For example, if you bought property in your spouse\u2019s name 10 years ago and have been receiving rental income, the tax department may ask where the money came from. You\u2019ll need to explain that it was your money, meaning the rental income should have been reported under your name for the past 10 years. This can lead to large penalties and back taxes.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Misunderstanding_About_Paying_More_Taxes\"><\/span><b>The Misunderstanding About Paying More Taxes<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Many NRIs think reporting income in their own name will lead to higher taxes. But that\u2019s not always true.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-7863 aligncenter\" src=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/Pay-more-taxes.png\" alt=\"pay taxes\" width=\"500\" height=\"300\" \/><\/p>\n<p><span style=\"font-weight: 400;\">In India, if your total income is below \u20b92.5 lakh, it\u2019s tax-free. Whether the income is reported under your name or your spouse\u2019s, the tax may be zero. The problem only arises when the income is misreported or not reported, which can lead to penalties.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"The_Simple_Solution\"><\/span><b>The Simple Solution<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Luckily, there\u2019s an easy way to fix this. Instead of transferring money or property to your spouse\u2019s name, create a power of attorney. This allows your spouse to handle all your financial matters in India, like signing rental agreements or opening accounts, but everything stays in your name.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With a power of attorney, all transactions are legally done under your name, and the income is correctly reported. This eliminates the need for the clubbing rule and keeps you in line with tax laws.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A power of attorney can be valid for up to five years or until you cancel it, making it a simple, long-term solution.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Other_Tips_to_Stay_Compliant\"><\/span><b>Other Tips to Stay Compliant<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Here are some additional tips to help you avoid tax issues:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">If you buy property, you can name your spouse as a co-owner, but make sure any income (like rent) is reported under your name.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Apply for a lower TDS rate if your tax liability is small. This helps you save money while following tax rules.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Always report capital gains or income on your tax return, even if you and your spouse jointly own the asset.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><b>Conclusion<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you\u2019re an NRI and you\u2019ve been making this mistake, it\u2019s time to stop. By using a power of attorney and reporting income in your name, you can avoid the tax troubles many NRIs face. This simple step will help you manage your investments and property in India while staying compliant with tax laws.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Introduction Many NRIs make a common mistake that seems small but can cause big tax problems later. I\u2019d say around &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"The Most Common Mistake NRIs Make and How to Avoid It\" class=\"read-more button\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#more-7852\">Read more<span class=\"screen-reader-text\">The Most Common Mistake NRIs Make and How to Avoid It<\/span><\/a><\/p>\n","protected":false},"author":4,"featured_media":7864,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[107],"tags":[1568,1566,1567,1569],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Most Common Mistake NRIs Make and How to Avoid It | AKT Associates<\/title>\n<meta name=\"description\" content=\"Discover the common mistake most NRIs make when investing in their spouse&#039;s name and learn how to avoid tax troubles with simple.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Most Common Mistake NRIs Make and How to Avoid It\" \/>\n<meta property=\"og:description\" content=\"Attention NRIs! Are you unknowingly making this common tax mistake? Learn how to avoid big penalties and stay compliant with Indian tax laws. Discover a simple solution to manage your investments and property efficiently. Read our latest blog for all the details! #NRITips #TaxCompliance #InvestmentPlanning\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/\" \/>\n<meta property=\"og:site_name\" content=\"AKT Associates\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-13T23:30:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-08T10:53:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"CA Arun Tiwari\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"The Most Common Mistake NRIs Make and How to Avoid It\" \/>\n<meta name=\"twitter:description\" content=\"Attention NRIs! Are you unknowingly making this common tax mistake? Learn how to avoid big penalties and stay compliant with Indian tax laws. Discover a simple solution to manage your investments and property efficiently. Read our latest blog for all the details! #NRITips #TaxCompliance #InvestmentPlanning\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"CA Arun Tiwari\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/\"},\"author\":{\"name\":\"CA Arun Tiwari\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d\"},\"headline\":\"The Most Common Mistake NRIs Make and How to Avoid It\",\"datePublished\":\"2024-12-13T23:30:59+00:00\",\"dateModified\":\"2024-10-08T10:53:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/\"},\"wordCount\":858,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png\",\"keywords\":[\"Common Legal Mistakes NRIs Make\",\"Common Mistake NRIs Make\",\"NRIs Common Tax Mistakes\",\"NRIs Mistakes in Property Investment\"],\"articleSection\":[\"NRI\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/\",\"url\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/\",\"name\":\"The Most Common Mistake NRIs Make and How to Avoid It | AKT Associates\",\"isPartOf\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png\",\"datePublished\":\"2024-12-13T23:30:59+00:00\",\"dateModified\":\"2024-10-08T10:53:30+00:00\",\"description\":\"Discover the common mistake most NRIs make when investing in their spouse's name and learn how to avoid tax troubles with simple.\",\"breadcrumb\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#primaryimage\",\"url\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png\",\"contentUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png\",\"width\":500,\"height\":300,\"caption\":\"NRIs make common mistake\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/aktassociates.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Most Common Mistake NRIs Make and How to Avoid It\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#website\",\"url\":\"https:\/\/aktassociates.com\/blog\/\",\"name\":\"AKT Associates\",\"description\":\"World&#039;s first WhatsApp based Tax Compliance Firm\",\"publisher\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/aktassociates.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#organization\",\"name\":\"AKT Associates\",\"url\":\"https:\/\/aktassociates.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg\",\"contentUrl\":\"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg\",\"width\":70,\"height\":70,\"caption\":\"AKT Associates\"},\"image\":{\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d\",\"name\":\"CA Arun Tiwari\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g\",\"caption\":\"CA Arun Tiwari\"},\"url\":\"https:\/\/aktassociates.com\/blog\/author\/arunsir\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Most Common Mistake NRIs Make and How to Avoid It | AKT Associates","description":"Discover the common mistake most NRIs make when investing in their spouse's name and learn how to avoid tax troubles with simple.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/","og_locale":"en_US","og_type":"article","og_title":"The Most Common Mistake NRIs Make and How to Avoid It","og_description":"Attention NRIs! Are you unknowingly making this common tax mistake? Learn how to avoid big penalties and stay compliant with Indian tax laws. Discover a simple solution to manage your investments and property efficiently. Read our latest blog for all the details! #NRITips #TaxCompliance #InvestmentPlanning","og_url":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/","og_site_name":"AKT Associates","article_published_time":"2024-12-13T23:30:59+00:00","article_modified_time":"2024-10-08T10:53:30+00:00","og_image":[{"width":500,"height":300,"url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png","type":"image\/png"}],"author":"CA Arun Tiwari","twitter_card":"summary_large_image","twitter_title":"The Most Common Mistake NRIs Make and How to Avoid It","twitter_description":"Attention NRIs! Are you unknowingly making this common tax mistake? Learn how to avoid big penalties and stay compliant with Indian tax laws. Discover a simple solution to manage your investments and property efficiently. Read our latest blog for all the details! #NRITips #TaxCompliance #InvestmentPlanning","twitter_image":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png","twitter_misc":{"Written by":"CA Arun Tiwari","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#article","isPartOf":{"@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/"},"author":{"name":"CA Arun Tiwari","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d"},"headline":"The Most Common Mistake NRIs Make and How to Avoid It","datePublished":"2024-12-13T23:30:59+00:00","dateModified":"2024-10-08T10:53:30+00:00","mainEntityOfPage":{"@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/"},"wordCount":858,"commentCount":0,"publisher":{"@id":"https:\/\/aktassociates.com\/blog\/#organization"},"image":{"@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#primaryimage"},"thumbnailUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png","keywords":["Common Legal Mistakes NRIs Make","Common Mistake NRIs Make","NRIs Common Tax Mistakes","NRIs Mistakes in Property Investment"],"articleSection":["NRI"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/","url":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/","name":"The Most Common Mistake NRIs Make and How to Avoid It | AKT Associates","isPartOf":{"@id":"https:\/\/aktassociates.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#primaryimage"},"image":{"@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#primaryimage"},"thumbnailUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png","datePublished":"2024-12-13T23:30:59+00:00","dateModified":"2024-10-08T10:53:30+00:00","description":"Discover the common mistake most NRIs make when investing in their spouse's name and learn how to avoid tax troubles with simple.","breadcrumb":{"@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#primaryimage","url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png","contentUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2024\/09\/NRIs-make-mistake.png","width":500,"height":300,"caption":"NRIs make common mistake"},{"@type":"BreadcrumbList","@id":"https:\/\/aktassociates.com\/blog\/the-most-common-mistake-nris-make-and-how-to-avoid-it\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/aktassociates.com\/blog\/"},{"@type":"ListItem","position":2,"name":"The Most Common Mistake NRIs Make and How to Avoid It"}]},{"@type":"WebSite","@id":"https:\/\/aktassociates.com\/blog\/#website","url":"https:\/\/aktassociates.com\/blog\/","name":"AKT Associates","description":"World&#039;s first WhatsApp based Tax Compliance Firm","publisher":{"@id":"https:\/\/aktassociates.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/aktassociates.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/aktassociates.com\/blog\/#organization","name":"AKT Associates","url":"https:\/\/aktassociates.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg","contentUrl":"https:\/\/aktassociates.com\/blog\/wp-content\/uploads\/2019\/06\/cropped-akt-associates-blog-logo.jpg","width":70,"height":70,"caption":"AKT Associates"},"image":{"@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/27565c59ca4857ec78a645bd21dca21d","name":"CA Arun Tiwari","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aktassociates.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/854bca151173b3a487a918c60c6bae56?s=96&d=mm&r=g","caption":"CA Arun Tiwari"},"url":"https:\/\/aktassociates.com\/blog\/author\/arunsir\/"}]}},"_links":{"self":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts\/7852"}],"collection":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=7852"}],"version-history":[{"count":4,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts\/7852\/revisions"}],"predecessor-version":[{"id":7865,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/posts\/7852\/revisions\/7865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/media\/7864"}],"wp:attachment":[{"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=7852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=7852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aktassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=7852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}