Finance Minister Nirmala Sitharaman presented the Union Budget for 2026–27 on Sunday, February 1. The new budget brings several positive changes for Non-Resident Indians (NRIs) living in the UAE and other parts of the world. The government has focused on simplifying money matters, from buying shares in Indian companies to selling old properties in the homeland.
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Changes in Share Market Investment Limits
The government has decided to let NRIs invest more money in the Indian stock market. Earlier, an individual NRI could only own up to 5% of the shares in a single listed Indian company. This limit has now been doubled to 10%. This allows NRIs to have a bigger stake in Indian businesses.
There is also a change in the total investment allowed for all NRIs put together in one company. This aggregate limit has been raised from 10% to 24%. These investments will be managed through the Portfolio Investment Scheme (PIS) using NRE or NRO accounts, making the process smoother for investors.
Easier Rules for Selling Property
One of the biggest headaches for NRIs selling property in India has been removed. Starting from October 1, 2026, people buying property from an NRI will not need to get a special Tax Deduction and Collection Account Number (TAN).
Under the new rule, the buyer can simply use their standard Permanent Account Number (PAN) to deduct and deposit the tax (TDS). This change makes it much easier for regular buyers to purchase homes or land from NRIs without dealing with complex paperwork.
Lower Tax on Travel and Education
The budget has reduced the extra costs on sending money abroad and booking foreign trips. The Tax Collected at Source (TCS) for overseas tour packages has been cut down to a flat 2%. Before this, the rates were much higher, ranging between 5% and 20%.
For families supporting students or medical patients abroad, the remittance tax under the Liberalised Remittance Scheme (LRS) is now set at just 2%. Additionally, NRI professionals visiting India for government-related work will get a 5-year tax exemption on their overseas income.
