Tax + Estate Planning

Nri Returning India Tax Holiday Section 54ga + 54gb + 80-iba...

Complete 2026 guide for NRI / OCI senior 60+ parent returning India tax holiday + Section 54GA industrial undertaking capital gains exemption per Section 54GA(1)...

Updated 30 Jun 2026|38 min read
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NRI returning India tax holiday + Section 54GA industrial undertaking + Section 54GB startup + Section 80-IBA housing project + Section 80-IC SEZ unit + 100% deduction + 10-year window + Section 54GA(1) + Section 54GA(2) + Section 54GA(3) + Section 54GB(1) + Section 54GB(2) + Section 54GB(3) + Section 54GB(4) DPIIT recognised startup + Section 80-IBA(1) + Section 80-IBA(2) + Section 80-IBA(3) + Section 80-IBA(4) + Section 80-IBA(5) + Section 80-IBA(6) + Section 80-IC(1) + Section 80-IC(2) + Section 80-IC(3) + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 + senior 60+ parent estate India 2026.

Critical: NRI returning India tax holiday Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC senior 60+ parent + 100% deduction + 10-year window + CGAS deposit + FEMA USD 1M / year + senior 60+ parent estate India 2026

NRI / OCI senior 60+ parent returning India tax holiday per Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC plain text + Section 54GA industrial undertaking capital gains exemption per Section 54GA(1) plain text + Section 54GA(2) purchase / construction + 1 year before or 3 years after per Section 54GA(2) plain text + Section 54GA(3) capital gain deposit CGAS per Section 54GA(3) plain text + Section 54GB startup per Section 54GB(1) plain text + Section 54GB(2) purchase / construction + 2 years before or 3 years after per Section 54GB(2) plain text + Section 54GB(3) CGAS deposit per Section 54GB(3) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + Section 80-IBA housing project per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window per Section 80-IBA(3) plain text + Section 80-IBA(4) affordable housing per Section 80-IBA(4) plain text + Section 80-IBA(5) carpet area 60 sq m / 90 sq m per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years per Section 80-IBA(6) plain text + Section 80-IC SEZ unit per Section 80-IC(1) plain text + Section 80-IC(2) 100% + 50% deduction per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window per Section 80-IC(3) plain text + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding 3x FEMA 1999 Section 13 + FEMA NRO 7y retention + 10y US/UK/CA/AU retention debated + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Rule 21AB + Section 90(4) 8y TRC + DTAA Article 25 MAP + Form 8833 + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 90(5) panchnama + senior 60+ parent estate India 2026.

NRI returning India tax holiday Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC senior 60+ parent returning + 100% deduction + 10-year window + FEMA USD 1M / year + senior 60+ parent estate India 2026

NRI returning India tax holiday Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC senior 60+ parent returning + 100% deduction + 10-year window + FEMA USD 1M / year + senior 60+ parent estate India 2026.

NRI / OCI senior 60+ parent returning India tax holiday + Section 54GA industrial undertaking + Section 54GB startup + Section 80-IBA housing project + Section 80-IC SEZ unit + 100% deduction + 10-year window

NRI / OCI senior 60+ parent returning India tax holiday per Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC plain text. Section 54GA industrial undertaking capital gains exemption per Section 54GA(1) plain text + Section 54GA(2) purchase / construction + 1 year before or 3 years after per Section 54GA(2) plain text + Section 54GA(3) capital gain deposit Capital Gains Account Scheme CGAS per Section 54GA(3) plain text + Section 54GA(1)(a) + (b) + (c) + (d) + (e) eligible industrial undertaking per Section 54GA(1) plain text. Section 54GA(1)(a) manufacture of articles + (b) processing of goods + (c) mining + (d) generation or distribution of electricity or any other form of power + (e) any other industrial activity as may be notified per Section 54GA(1) plain text. Section 54GA(2) purchase of new industrial undertaking + construction of new industrial undertaking 1 year before or 3 years after the date of transfer per Section 54GA(2) plain text + Section 54GA(3) capital gain deposit Capital Gains Account Scheme CGAS for purchase / construction + 2 years utilization per Section 54GA(3) plain text + Section 54GA(3) CGAS interest taxable per Section 145 plain text.

Section 54GB startup capital gains exemption per Section 54GB(1) plain text + Section 54GB(2) purchase / construction + 2 years before or 3 years after per Section 54GB(2) plain text + Section 54GB(3) capital gain deposit CGAS per Section 54GB(3) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + Section 54GB(1)(a) + (b) + (c) + (d) + (e) eligible startup per Section 54GB(1) plain text. Section 54GB(1) eligible startup per Section 54GB(1) plain text + Section 54GB(2) purchase / construction of new asset + 2 years before or 3 years after the date of transfer per Section 54GB(2) plain text + Section 54GB(3) capital gain deposit CGAS for purchase / construction + 2 years utilization per Section 54GB(3) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + GSR 364(E) dated 19-02-2019 + Startup India Notification per Section 54GB(4) plain text + Form 1 + Form 2 + DPIIT recognition per Section 54GB(4) plain text + Section 54GB(5) lock-in period 5 years per Section 54GB(5) plain text.

Section 80-IBA housing project profit-linked deduction per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window per Section 80-IBA(3) plain text + Section 80-IBA(4) affordable housing project per Section 80-IBA(4) plain text + Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years per Section 80-IBA(6) plain text + Section 80-IBA(1)(a) + (b) + (c) + (d) + (e) eligible housing project per Section 80-IBA(1) plain text. Section 80-IBA(1) eligible housing project notified by central government per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits and gains derived from eligible housing project per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window from year of first affordable housing project per Section 80-IBA(3) plain text + Section 80-IBA(4) affordable housing project carpet area ≤ 60 sq m metros or ≤ 90 sq m non-metros per Section 80-IBA(4) plain text + Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years from date of issue of completion certificate per Section 80-IBA(6) plain text.

Section 80-IC SEZ profit-linked deduction per Section 80-IC(1) plain text + Section 80-IC(2) 100% deduction profits first 5 years + 50% next 5 years per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window per Section 80-IC(3) plain text + Section 80-IC(1)(a) + (b) + (c) + (d) + (e) eligible SEZ unit per Section 80-IC(1) plain text. Section 80-IC(1) eligible SEZ unit per Section 80-IC(1) plain text + Section 80-IC(2) 100% deduction profits and gains derived from eligible business for first 5 years + 50% for next 5 years per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window from year of commencement of business per Section 80-IC(3) plain text + Section 80-IC eligible SEZ unit notified by central government per Section 80-IC(1) plain text. NRI / OCI senior 60+ parent returning India + Section 6(1)(a) resident per Income Tax Act 1961 + Section 6(1)(b) ordinarily resident per Income Tax Act 1961 + Section 6(6) deemed resident per Income Tax Act 1961 + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated + 10-year US/UK/CA/AU retention debated + returning India investment per FEMA USD 1M / year LRS.

Tax classification of NRI returning India tax holiday Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window + FEMA USD 1M / year + senior 60+ parent estate India 2026

Tax classification of NRI returning India tax holiday Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window + FEMA USD 1M / year + senior 60+ parent estate India 2026.

NRI returning India tax holiday + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window — 10 steps for NRI / OCI senior 60+ parent returning India

Step 1

Step 1 — Verify NRI / OCI returning India + Section 6(1)(a) resident + Section 6(1)(b) ordinarily resident + Section 6(6) deemed resident per Income Tax Act 1961

Verify NRI / OCI senior 60+ parent returning India + Section 6(1)(a) resident per Income Tax Act 1961 + Section 6(1)(b) ordinarily resident per Income Tax Act 1961 + Section 6(6) deemed resident per Income Tax Act 1961 plain text. Section 6(1) residential status per Income Tax Act 1961 + Section 6(1)(a) stay 182 days or more per Income Tax Act 1961 + Section 6(1)(b) 60 days + 365 days preceding + ordinarily resident per Income Tax Act 1961 + Section 6(6) deemed resident Indian citizen + stay 182 days + total stay ≥ 730 days preceding per Income Tax Act 1961. NRI / OCI senior 60+ parent returning India + Section 6(1)(a) resident per Income Tax Act 1961 + Section 6(1)(b) ordinarily resident per Income Tax Act 1961 + Section 6(6) deemed resident per Income Tax Act 1961 + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13.

Step 2

Step 2 — Section 54GA(1) eligible industrial undertaking + Section 54GA(2) purchase / construction + 1 year before or 3 years after per Section 54GA(2) plain text

Section 54GA(1) eligible industrial undertaking per Section 54GA(1) plain text + Section 54GA(2) purchase / construction + 1 year before or 3 years after the date of transfer per Section 54GA(2) plain text for NRI / OCI senior 60+ parent returning India. Section 54GA(1)(a) + (b) + (c) + (d) + (e) eligible industrial undertaking per Section 54GA(1) plain text + Section 54GA(1)(a) manufacture of articles + (b) processing of goods + (c) mining + (d) generation or distribution of electricity or any other form of power + (e) any other industrial activity as may be notified per Section 54GA(1) plain text. Section 54GA(2) purchase of new industrial undertaking + construction of new industrial undertaking 1 year before or 3 years after per Section 54GA(2) plain text. NRI / OCI senior 60+ parent returning India — Section 54GA(1) eligible industrial undertaking + Section 54GA(2) purchase / construction + 1 year before or 3 years after per Section 54GA(2) plain text.

Step 3

Step 3 — Section 54GA(3) CGAS deposit Capital Gains Account Scheme per Section 54GA(3) plain text + Section 54GB startup eligibility per Section 54GB(1) plain text

Section 54GA(3) capital gain deposit Capital Gains Account Scheme CGAS per Section 54GA(3) plain text + Section 54GB startup eligibility per Section 54GB(1) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text for NRI / OCI senior 60+ parent returning India. Section 54GA(3) CGAS deposit + 2 years utilization per Section 54GA(3) plain text + Section 54GA(3) CGAS interest taxable per Section 145 plain text + Section 54GB(1)(a) + (b) + (c) + (d) + (e) eligible startup per Section 54GB(1) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + GSR 364(E) dated 19-02-2019 + Startup India Notification per Section 54GB(4) plain text + Form 1 + Form 2 + DPIIT recognition per Section 54GB(4) plain text + Section 54GB(5) lock-in period 5 years per Section 54GB(5) plain text.

Step 4

Step 4 — Section 54GB(2) purchase / construction + 2 years before or 3 years after per Section 54GB(2) plain text + Section 54GB(3) CGAS deposit per Section 54GB(3) plain text

Section 54GB(2) purchase / construction + 2 years before or 3 years after the date of transfer per Section 54GB(2) plain text + Section 54GB(3) capital gain deposit Capital Gains Account Scheme CGAS per Section 54GB(3) plain text for NRI / OCI senior 60+ parent returning India. Section 54GB(2) purchase of new asset + construction of new asset 2 years before or 3 years after the date of transfer per Section 54GB(2) plain text + Section 54GB(3) CGAS deposit + 2 years utilization per Section 54GB(3) plain text + Section 54GB(3) CGAS interest taxable per Section 145 plain text. NRI / OCI senior 60+ parent returning India — Section 54GB(1) eligible startup + Section 54GB(2) purchase / construction + 2 years before or 3 years after per Section 54GB(2) plain text + Section 54GB(3) CGAS deposit + 2 years utilization per Section 54GB(3) plain text.

Step 5

Step 5 — Section 80-IBA(1) eligible housing project + Section 80-IBA(2) 100% deduction profits + Section 80-IBA(3) 10-year window per Section 80-IBA(3) plain text

Section 80-IBA(1) eligible housing project per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window per Section 80-IBA(3) plain text + Section 80-IBA(4) affordable housing project per Section 80-IBA(4) plain text for NRI / OCI senior 60+ parent returning India. Section 80-IBA(1) eligible housing project notified by central government per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits and gains derived from eligible housing project per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window from year of first affordable housing project per Section 80-IBA(3) plain text. NRI / OCI senior 60+ parent returning India — Section 80-IBA(1) eligible housing project + Section 80-IBA(2) 100% deduction + Section 80-IBA(3) 10-year window per Section 80-IBA(3) plain text.

Step 6

Step 6 — Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros + Section 80-IBA(6) lock-in period 5 years per Section 80-IBA(6) plain text

Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years per Section 80-IBA(6) plain text + Section 80-IBA(1)(a) + (b) + (c) + (d) + (e) eligible housing project per Section 80-IBA(1) plain text for NRI / OCI senior 60+ parent returning India. Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(5)(a) 60 sq m metros + (b) 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years from date of issue of completion certificate per Section 80-IBA(6) plain text + Section 80-IBA(6)(a) lock-in transfer restriction per Section 80-IBA(6)(a) plain text. NRI / OCI senior 60+ parent returning India — Section 80-IBA(5) carpet area + Section 80-IBA(6) lock-in 5 years per Section 80-IBA(6) plain text.

Step 7

Step 7 — Section 80-IC(1) eligible SEZ unit + Section 80-IC(2) 100% + 50% deduction + Section 80-IC(3) 10-year window per Section 80-IC(3) plain text

Section 80-IC(1) eligible SEZ unit per Section 80-IC(1) plain text + Section 80-IC(2) 100% deduction profits first 5 years + 50% next 5 years per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window per Section 80-IC(3) plain text + Section 80-IC(1)(a) + (b) + (c) + (d) + (e) eligible SEZ unit per Section 80-IC(1) plain text for NRI / OCI senior 60+ parent returning India. Section 80-IC(1) eligible SEZ unit notified by central government per Section 80-IC(1) plain text + Section 80-IC(2) 100% deduction profits and gains derived from eligible business for first 5 years + 50% for next 5 years per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window from year of commencement of business per Section 80-IC(3) plain text. NRI / OCI senior 60+ parent returning India — Section 80-IC(1) eligible SEZ unit + Section 80-IC(2) 100% + 50% deduction + Section 80-IC(3) 10-year window per Section 80-IC(3) plain text.

Step 8

Step 8 — FEMA USD 1M / year LRS + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India investment per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13

FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated + 10-year US/UK/CA/AU retention debated + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India investment per FEMA USD 1M / year LRS for NRI / OCI senior 60+ parent returning India. NRI / OCI senior 60+ parent returning India should disclose FEMA USD 1M / year LRS remittance + investment + Form A2 + AD-1 + FEMA compliance certificate to avoid FEMA compounding penalty up to 3x per FEMA 1999 Section 13. FEMA NRO 7-year retention per RBI Circular 47/2015 + 12/2015 + FEMA 1999 + RBI Master Direction 2024 debated for returning India investment (typically applicable; consult FEMA consultant) + 10-year US/UK/CA/AU retention debated.

Step 9

Step 9 — Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25

Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure for NRI / OCI senior 60+ parent returning India Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC DTAA relief claim. Section 90(4) 8-year TRC retention + Form 10F per Rule 21AB plain text + Section 90(5) panchnama limitation of benefits. NRI / OCI senior 60+ parent returning India should file Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + TRC per Section 90(4) 8-year retention + Section 90(5) panchnama for Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India DTAA relief claim + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024.

Step 10

Step 10 — Senior 60+ parent estate planning for Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window + FEMA USD 1M / year + Estate Tax Treaty + senior 60+ parent estate India 2026

Senior 60+ parent estate planning for Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India tax holiday + 100% deduction + 10-year window + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7y retention + 10y US/UK/CA/AU retention debated + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Rule 21AB + Section 90(4) 8y TRC retention + Section 90(5) panchnama + DTAA Article 25 MAP + Form 8833 + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Estate Tax Treaty (India-USA Estate Tax Treaty 1954) + Will per Indian Succession Act 1925 Section 63 + 2 witnesses + codicil + executor + probate + Letters of Administration + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + FEMA ED RBI Master Direction 2024 + nominee rights + industrial undertaking inheritance + startup inheritance + housing project inheritance + SEZ unit inheritance + FEMA PI NRI OCI senior 60+ parent returning India estate India 2026.

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window + FEMA USD 1M / year + senior 60+ parent estate India 2026

Section / Rule / IRC provisionTrigger / Industrial Undertaking / Startup / Housing / SEZDeduction / Cap / Window / CGAS / FormNotes + DTAA + FEMA + Form 67 + DPIIT
Section 54GA industrial undertaking capital gains exemption + Section 54GA(1) eligible industrial undertaking + Section 54GA(2) purchase / construction + 1 year before or 3 years after + Section 54GA(3) CGAS depositSection 54GA(1)(a) + (b) + (c) + (d) + (e) eligible industrial undertaking per Section 54GA(1) plain text for NRI / OCI senior 60+ parent returning India100% capital gains exemption per Section 54GA(1) plain text + CGAS deposit + 2 years utilization per Section 54GA(3) plain textPer Section 54GA(1) plain text + Section 54GA(1)(a) manufacture + (b) processing + (c) mining + (d) generation or distribution + (e) any other industrial activity as may be notified per Section 54GA(1) plain text + Section 54GA(2) purchase / construction 1 year before or 3 years after per Section 54GA(2) plain text + Section 54GA(3) CGAS deposit + 2 years utilization per Section 54GA(3) plain text + Section 54GA(3) CGAS interest taxable per Section 145 plain text + NRI / OCI senior 60+ parent returning India.
Section 54GB startup capital gains exemption + Section 54GB(1) eligible startup + Section 54GB(2) purchase / construction + 2 years before or 3 years after + Section 54GB(3) CGAS deposit + Section 54GB(4) DPIIT recognised startupSection 54GB(1)(a) + (b) + (c) + (d) + (e) eligible startup per Section 54GB(1) plain text + DPIIT recognised startup per Section 54GB(4) plain text for NRI / OCI senior 60+ parent returning India100% capital gains exemption per Section 54GB(1) plain text + CGAS deposit + 2 years utilization per Section 54GB(3) plain text + 5-year lock-in per Section 54GB(5)Per Section 54GB(1) plain text + Section 54GB(1)(a) + (b) + (c) + (d) + (e) eligible startup per Section 54GB(1) plain text + Section 54GB(2) purchase / construction 2 years before or 3 years after per Section 54GB(2) plain text + Section 54GB(3) CGAS deposit + 2 years utilization per Section 54GB(3) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + GSR 364(E) dated 19-02-2019 + Startup India Notification per Section 54GB(4) plain text + Section 54GB(5) lock-in 5 years per Section 54GB(5) plain text + NRI / OCI senior 60+ parent returning India.
Section 80-IBA housing project profit-linked deduction + Section 80-IBA(1) eligible housing project + Section 80-IBA(2) 100% deduction profits + Section 80-IBA(3) 10-year window per Section 80-IBA(3) plain textSection 80-IBA(1)(a) + (b) + (c) + (d) + (e) eligible housing project per Section 80-IBA(1) plain text for NRI / OCI senior 60+ parent returning India100% deduction profits per Section 80-IBA(2) plain text + 10-year window per Section 80-IBA(3) plain textPer Section 80-IBA(1) plain text + Section 80-IBA(1)(a) + (b) + (c) + (d) + (e) eligible housing project notified by central government per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits and gains derived from eligible housing project per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window from year of first affordable housing project per Section 80-IBA(3) plain text + Section 80-IBA(4) affordable housing project per Section 80-IBA(4) plain text + Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in 5 years per Section 80-IBA(6) plain text + NRI / OCI senior 60+ parent returning India.
Section 80-IBA(4) affordable housing project + Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros + Section 80-IBA(6) lock-in period 5 years per Section 80-IBA(6) plain textSection 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years per Section 80-IBA(6) plain text for NRI / OCI senior 60+ parent returning IndiaSection 80-IBA(4) affordable housing project + Section 80-IBA(5) carpet area limit + Section 80-IBA(6) lock-in 5 years per Section 80-IBA(6) plain textPer Section 80-IBA(4) plain text + Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(5)(a) 60 sq m metros + (b) 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years from date of issue of completion certificate per Section 80-IBA(6) plain text + Section 80-IBA(6)(a) lock-in transfer restriction per Section 80-IBA(6)(a) plain text + NRI / OCI senior 60+ parent returning India.
Section 80-IC SEZ profit-linked deduction + Section 80-IC(1) eligible SEZ unit + Section 80-IC(2) 100% + 50% deduction + Section 80-IC(3) 10-year window per Section 80-IC(3) plain textSection 80-IC(1)(a) + (b) + (c) + (d) + (e) eligible SEZ unit per Section 80-IC(1) plain text for NRI / OCI senior 60+ parent returning India100% deduction first 5 years + 50% deduction next 5 years per Section 80-IC(2) plain text + 10-year window per Section 80-IC(3) plain textPer Section 80-IC(1) plain text + Section 80-IC(1)(a) + (b) + (c) + (d) + (e) eligible SEZ unit notified by central government per Section 80-IC(1) plain text + Section 80-IC(2) 100% deduction profits and gains derived from eligible business for first 5 years + 50% for next 5 years per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window from year of commencement of business per Section 80-IC(3) plain text + Section 80-IC SEZ unit lock-in period per Section 80-IC(3) plain text + NRI / OCI senior 60+ parent returning India.
Section 54 + Section 54B + Section 54F + Section 54EC + Section 54GA + Section 54GB rollover + Capital Gains Account Scheme CGAS + Section 80-IBA + Section 80-IC + Section 80-IE + Section 80-IA + Section 80-IB + Section 80-ID standalone deductions comprehensiveChapter VI-A deductions per Section 80A to Section 80U plain text + Section 54 capital gains rollover per Section 54 plain text + NRI / OCI senior 60+ parent returning India comprehensive deductionsSection 54GA + Section 54GB 100% capital gains exemption + Section 80-IBA + Section 80-IC 100% + 50% profit-linked deduction + 10-year windowPer Section 54 + Section 54B + Section 54F + Section 54EC + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC plain text + Capital Gains Account Scheme CGAS deposit + 2 years utilization per Section 54GA(3) + Section 54GB(3) plain text + Section 80-IBA affordable housing project + Section 80-IBA carpet area 60 sq m / 90 sq m + Section 80-IBA lock-in 5 years per Section 80-IBA(6) plain text + Section 80-IC SEZ unit + Section 80-IC 100% + 50% deduction + 10-year window per Section 80-IC(3) plain text + Section 80-IE North-East + Sikkim + Section 80-IA infrastructure + Section 80-IB industrial undertaking + Section 80-ID Himachal Pradesh + Uttarakhand + Chapter VI-A deductions.
FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7y + 10y retention debated + returning India investmentFEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + FEMA NRO 7-year retention debated + 10-year US/UK/CA/AU retention debatedUSD 1M / year LRS per FEMA 1999 + 3x compounding penalty per FEMA 1999 Section 13Per FEMA 1999 plain text + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + Form A2 + AD-1 + Form 15CB (CA certificate) + Form 15CA (declarant statement) + 26Q + 27Q TDS return verification + FEMA NRO 7-year retention per RBI Circular 47/2015 + 12/2015 + FEMA 1999 + RBI Master Direction 2024 debated + 10-year US/UK/CA/AU retention debated + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India investment per FEMA USD 1M / year LRS for NRI / OCI senior 60+ parent returning India.
Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure + Form 8833 + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 90(5) panchnamaDTAA relief claim for Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India per Form 67 mandatory per CBDT Notification 3/2022 + DTAA Article 25Form 67 mandatory per CBDT Notification 3/2022 + DTAA rates per India-USA DTAA Article 25Per Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure per India-USA DTAA Article 25 + Form 8833 treaty disclosure + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 90(5) panchnama + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India DTAA relief claim for NRI / OCI senior 60+ parent.
DPIIT (Department for Promotion of Industry and Internal Trade) Startup India + DPIIT recognised startup + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + GSR 364(E) dated 19-02-2019 + Startup India Notification + Form 1 + Form 2 + DPIIT recognition per Section 54GB(4) plain textSection 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text for NRI / OCI senior 60+ parent returning IndiaSection 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + 5-year lock-in per Section 54GB(5) plain textPer Section 54GB(4) plain text + DPIIT recognised startup per Section 54GB(4) plain text + GSR 364(E) dated 19-02-2019 + Startup India Notification per Section 54GB(4) plain text + Form 1 + Form 2 + DPIIT recognition per Section 54GB(4) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + Section 54GB(5) lock-in 5 years per Section 54GB(5) plain text + NRI / OCI senior 60+ parent returning India.
Black Money Act 2015 + Section 10/11 BMA 300% penalty + Section 50 BMA no exemption + Section 49 BMA no set-off + Section 271AAB + 271AAC + 270A + 270AA penalty + Section 273B immunity + Section 276CC prosecution + Will + FEMA ED RBI Master Direction 2024 + senior 60+ parent estate India 2026Senior 60+ parent estate compliance + FEMA USD 1M / year LRS + Form 67 mandatory + DTAA Article 25 + senior 60+ parent estatePenalty up to 3x per FEMA 1999 Section 13 + 300% penalty per Section 10/11 BMA + Will per Indian Succession Act 1925 plain text + FEMA ED RBI Master Direction 2024Per FEMA 1999 plain text + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure + Estate Tax Treaty (India-USA Estate Tax Treaty 1954) + Will per Indian Succession Act 1925 Section 63 + 2 witnesses + codicil + executor + probate + Letters of Administration + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + FEMA ED RBI Master Direction 2024 + nominee rights + industrial undertaking inheritance + startup inheritance + housing project inheritance + SEZ unit inheritance + FEMA PI NRI OCI senior 60+ parent returning India estate + senior 60+ parent estate India 2026.

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NRI returning India tax holiday Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window + FEMA USD 1M / year flow — NRI / OCI senior 60+ parent returning India + senior 60+ parent estate India 2026

<svg xmlns='http://www.w3.org/2000/svg' viewBox='0 0 800 600' font-family='sans-serif'><defs><marker id='arrow' markerWidth='10' markerHeight='10' refX='9' refY='3' orient='auto'><path d='M0,0 L0,6 L9,3 z' fill='#0F766E'/></marker></defs><rect x='250' y='20' width='300' height='60' rx='8' fill='#F0FDFA' stroke='#0F766E' stroke-width='2'/><text x='400' y='45' text-anchor='middle' font-size='14' font-weight='bold' fill='#0F766E'>NRI / OCI Senior 60+ Parent</text><text x='400' y='65' text-anchor='middle' font-size='12' fill='#0F766E'>Returning India + Section 6(1)(a) Resident</text><rect x='250' y='120' width='300' height='50' rx='8' fill='#CCFBF1' stroke='#0F766E' stroke-width='2'/><text x='400' y='140' text-anchor='middle' font-size='13' font-weight='bold' fill='#0F766E'>Section 54GA Industrial Undertaking</text><text x='400' y='158' text-anchor='middle' font-size='11' fill='#0F766E'>100% capital gains exemption + CGAS</text><rect x='250' y='200' width='300' height='50' rx='8' fill='#99F6E4' stroke='#0F766E' stroke-width='2'/><text x='400' y='220' text-anchor='middle' font-size='13' font-weight='bold' fill='#0F766E'>Section 54GB DPIIT Recognised Startup</text><text x='400' y='238' text-anchor='middle' font-size='11' fill='#0F766E'>100% capital gains exemption + 5y lock-in</text><rect x='250' y='280' width='300' height='50' rx='8' fill='#5EEAD4' stroke='#0F766E' stroke-width='2'/><text x='400' y='300' text-anchor='middle' font-size='13' font-weight='bold' fill='#FFFFFF'>Section 80-IBA Affordable Housing Project</text><text x='400' y='318' text-anchor='middle' font-size='11' fill='#FFFFFF'>100% deduction profits + 10y window</text><rect x='250' y='360' width='300' height='50' rx='8' fill='#2DD4BF' stroke='#0F766E' stroke-width='2'/><text x='400' y='380' text-anchor='middle' font-size='13' font-weight='bold' fill='#FFFFFF'>Section 80-IC SEZ Unit</text><text x='400' y='398' text-anchor='middle' font-size='11' fill='#FFFFFF'>100% + 50% deduction + 10y window</text><rect x='250' y='440' width='300' height='50' rx='8' fill='#14B8A6' stroke='#0F766E' stroke-width='2'/><text x='400' y='460' text-anchor='middle' font-size='13' font-weight='bold' fill='#FFFFFF'>FEMA USD 1M/year LRS</text><text x='400' y='478' text-anchor='middle' font-size='11' fill='#FFFFFF'>Form A2 + AD-1 + Form 15CB + 15CA</text><rect x='250' y='520' width='300' height='50' rx='8' fill='#0F766E' stroke='#0F766E' stroke-width='2'/><text x='400' y='540' text-anchor='middle' font-size='13' font-weight='bold' fill='#FFFFFF'>Senior 60+ Parent Estate India 2026</text><text x='400' y='558' text-anchor='middle' font-size='11' fill='#CCFBF1'>Will + FEMA PI + Indian Succession Act 1925</text><line x1='400' y1='80' x2='400' y2='120' stroke='#0F766E' stroke-width='2' marker-end='url(#arrow)'/><line x1='400' y1='170' x2='400' y2='200' stroke='#0F766E' stroke-width='2' marker-end='url(#arrow)'/><line x1='400' y1='250' x2='400' y2='280' stroke='#0F766E' stroke-width='2' marker-end='url(#arrow)'/><line x1='400' y1='330' x2='400' y2='360' stroke='#0F766E' stroke-width='2' marker-end='url(#arrow)'/><line x1='400' y1='410' x2='400' y2='440' stroke='#0F766E' stroke-width='2' marker-end='url(#arrow)'/><line x1='400' y1='490' x2='400' y2='520' stroke='#0F766E' stroke-width='2' marker-end='url(#arrow)'/></svg>

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window + FEMA USD 1M / year — compliance checklist for NRI / OCI senior 60+ parent returning India 2026

  • Section 54GA(1) eligible industrial undertaking per Section 54GA(1) plain text + Section 54GA(1)(a) manufacture + (b) processing + (c) mining + (d) generation or distribution + (e) any other industrial activity as may be notified
  • Section 54GA(2) purchase / construction + 1 year before or 3 years after the date of transfer per Section 54GA(2) plain text + Section 54GA(3) CGAS deposit Capital Gains Account Scheme per Section 54GA(3) plain text + 2 years utilization
  • Section 54GB(1) eligible startup per Section 54GB(1) plain text + Section 54GB(1)(a) + (b) + (c) + (d) + (e) eligible startup per Section 54GB(1) plain text + Section 54GB(2) purchase / construction + 2 years before or 3 years after
  • Section 54GB(3) CGAS deposit Capital Gains Account Scheme per Section 54GB(3) plain text + 2 years utilization + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + GSR 364(E) dated 19-02-2019
  • Section 54GB(5) lock-in 5 years per Section 54GB(5) plain text + Section 54GB(5)(a) lock-in transfer restriction per Section 54GB(5)(a) plain text + 100% capital gains exemption
  • Section 80-IBA(1) eligible housing project per Section 80-IBA(1) plain text + Section 80-IBA(1)(a) + (b) + (c) + (d) + (e) eligible housing project per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits
  • Section 80-IBA(3) 10-year window from year of first affordable housing project per Section 80-IBA(3) plain text + Section 80-IBA(4) affordable housing project per Section 80-IBA(4) plain text + Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros
  • Section 80-IBA(6) lock-in period 5 years from date of issue of completion certificate per Section 80-IBA(6) plain text + Section 80-IBA(6)(a) lock-in transfer restriction per Section 80-IBA(6)(a) plain text
  • Section 80-IC(1) eligible SEZ unit per Section 80-IC(1) plain text + Section 80-IC(1)(a) + (b) + (c) + (d) + (e) eligible SEZ unit notified by central government per Section 80-IC(1) plain text
  • Section 80-IC(2) 100% deduction profits and gains derived from eligible business for first 5 years + 50% for next 5 years per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window from year of commencement of business per Section 80-IC(3) plain text
  • NRI / OCI senior 60+ parent returning India + Section 6(1)(a) resident + Section 6(1)(b) ordinarily resident + Section 6(6) deemed resident + FEMA USD 1M / year LRS
  • FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + returning India investment
  • FEMA NRO 7-year retention per RBI Circular 47/2015 + 12/2015 + FEMA 1999 + RBI Master Direction 2024 debated + 10-year US/UK/CA/AU retention debated + returning India investment
  • Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Rule 21AB + Section 90(4) 8-year TRC retention + Section 90(5) panchnama
  • DTAA Article 25 mutual agreement procedure + Form 8833 + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC DTAA relief claim
  • Section 54 + Section 54B + Section 54F + Section 54EC + Section 54GA + Section 54GB rollover + Capital Gains Account Scheme CGAS + Chapter VI-A deductions comprehensive for NRI / OCI senior 60+ parent returning India
  • DPIIT (Department for Promotion of Industry and Internal Trade) Startup India + DPIIT recognised startup + Form 1 + Form 2 + DPIIT recognition per Section 54GB(4) plain text + GSR 364(E) dated 19-02-2019
  • Black Money Act 2015 + Section 10/11 BMA 300% penalty + Section 50 BMA no exemption + Section 49 BMA no set-off + Section 271AAB + 271AAC + 270A + 270AA penalty
  • Section 273B immunity + Section 276CC prosecution + Will per Indian Succession Act 1925 Section 63 + 2 witnesses + codicil + executor + probate + Letters of Administration
  • Indian Succession Act 1925 + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + FEMA ED RBI Master Direction 2024 + nominee rights + industrial undertaking inheritance + startup inheritance
  • Form 8938 FATCA per Section 6038D + Section 1298(f) + FBAR FinCEN 114 per 31 CFR 1010.350 + FEMA USD 1M / year + DTAA Article 25 + Estate Tax Treaty + FEMA PI NRI OCI senior 60+ parent returning India estate India 2026

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + FEMA USD 1M / year + Form 8938 FATCA + FBAR FinCEN 114 + Black Money Act 2015 + DTAA Article 25 + senior 60+ parent estate India 2026

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India tax holiday for NRI / OCI senior 60+ parent returning India has multiple cross-border compliance layers beyond FEMA + RBI Master Direction 2024 + Black Money Act 2015 + DTAA Article 25 mutual agreement procedure + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Section 90(4) 8-year TRC retention. Below is the cross-border compliance flow for Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India + FEMA PI NRI / OCI senior 60+ parent returning India estate.

Step 1

Flow 1 — FEMA USD 1M / year LRS + Form A2 + AD-1 + FEMA compounding penalty + FEMA NRO 7-year retention debated + 10-year US/UK/CA/AU retention debated for returning India investment

FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 bank + FEMA compliance certificate from CA + Form 15CB (CA certificate) + Form 15CA (declarant statement) + 26Q + 27Q TDS return verification for returning India investment. NRI / OCI senior 60+ parent returning India should disclose FEMA USD 1M / year LRS remittance + returning India investment + Form A2 + AD-1 + FEMA compliance certificate to avoid FEMA compounding penalty up to 3x per FEMA 1999 Section 13. FEMA NRO 7-year retention per RBI Circular 47/2015 + 12/2015 + FEMA 1999 + RBI Master Direction 2024 debated for returning India investment (typically applicable; consult FEMA consultant) + 10-year US/UK/CA/AU retention debated.

Step 2

Flow 2 — Section 6(1)(a) resident + Section 6(1)(b) ordinarily resident + Section 6(6) deemed resident + FY 2025-26 returning India + full India tax on global income per Income Tax Act 1961

Section 6(1)(a) resident per Income Tax Act 1961 + Section 6(1)(b) ordinarily resident per Income Tax Act 1961 + Section 6(6) deemed resident per Income Tax Act 1961 + FY 2025-26 returning India + full India tax on global income per Income Tax Act 1961 for NRI / OCI senior 60+ parent returning India. NRI / OCI senior 60+ parent returning India + Section 6(1)(a) stay 182 days or more in India in FY per Income Tax Act 1961 + Section 6(1)(b) 60 days + 365 days preceding + ordinarily resident per Income Tax Act 1961 + Section 6(6) deemed resident Indian citizen + stay 182 days + total stay ≥ 730 days preceding per Income Tax Act 1961 + full India tax on global income per Section 5 + Section 9 per Income Tax Act 1961 + ITR-1 NOT NRI per Rule 12(1) + ITR-2 + ITR-3 + Schedule FA foreign asset disclosure per Section 139(6) debated + Section 195 + Form 15CB + Form 15CA + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024.

Step 3

Flow 3 — Section 54GA(1) + Section 54GA(2) + Section 54GA(3) + Section 54GB(1) + Section 54GB(2) + Section 54GB(3) + Section 54GB(4) DPIIT recognised startup + CGAS deposit for capital gains exemption

Section 54GA(1) eligible industrial undertaking per Section 54GA(1) plain text + Section 54GA(2) purchase / construction + 1 year before or 3 years after per Section 54GA(2) plain text + Section 54GA(3) CGAS deposit Capital Gains Account Scheme per Section 54GA(3) plain text + Section 54GB(1) eligible startup per Section 54GB(1) plain text + Section 54GB(2) purchase / construction + 2 years before or 3 years after per Section 54GB(2) plain text + Section 54GB(3) CGAS deposit Capital Gains Account Scheme per Section 54GB(3) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + GSR 364(E) dated 19-02-2019 + Startup India Notification per Section 54GB(4) plain text + Form 1 + Form 2 + DPIIT recognition per Section 54GB(4) plain text for NRI / OCI senior 60+ parent returning India + 100% capital gains exemption per Section 54GA + Section 54GB plain text.

Step 4

Flow 4 — Section 80-IBA(1) + Section 80-IBA(2) 100% deduction + Section 80-IBA(3) 10-year window + Section 80-IBA(4) + Section 80-IBA(5) + Section 80-IBA(6) lock-in for affordable housing project

Section 80-IBA(1) eligible housing project per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window per Section 80-IBA(3) plain text + Section 80-IBA(4) affordable housing project per Section 80-IBA(4) plain text + Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years per Section 80-IBA(6) plain text for NRI / OCI senior 60+ parent returning India + 100% deduction profits per Section 80-IBA(2) plain text + 10-year window per Section 80-IBA(3) plain text + Section 80-IBA(6) lock-in 5 years per Section 80-IBA(6) plain text.

Step 5

Flow 5 — Section 80-IC(1) eligible SEZ unit + Section 80-IC(2) 100% + 50% deduction + Section 80-IC(3) 10-year window for SEZ unit

Section 80-IC(1) eligible SEZ unit per Section 80-IC(1) plain text + Section 80-IC(2) 100% deduction profits first 5 years + 50% next 5 years per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window per Section 80-IC(3) plain text + Section 80-IC(1)(a) + (b) + (c) + (d) + (e) eligible SEZ unit notified by central government per Section 80-IC(1) plain text for NRI / OCI senior 60+ parent returning India + 100% + 50% deduction profits per Section 80-IC(2) plain text + 10-year window from year of commencement of business per Section 80-IC(3) plain text + SEZ unit lock-in period per Section 80-IC(3) plain text.

Step 6

Flow 6 — DTAA Article 25 mutual agreement procedure + saving clause + Form 8833 treaty disclosure + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker for Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC

DTAA Article 25 mutual agreement procedure per India-USA DTAA Article 25 + saving clause + MAV main purpose test + Form 8833 treaty disclosure per Section 6114 plain text + Section 6114 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 90(4) 8-year TRC retention + CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Section 90(5) panchnama. Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules for NRI / OCI senior 60+ parent returning India + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC DTAA relief claim + Section 90(4) 8-year TRC retention + Form 10F per Income Tax Rules 1962 Rule 21AB. NRI / OCI senior 60+ parent returning India should file Form 67 + Form 10F + TRC + DTAA Article 25 MAP for Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India penalty relief.

Step 7

Flow 7 — Estate Tax Treaty + Gift Tax Treaty + Section 877A expatriation tax + covered expatriate + Section 2501 + 2511 + 2518 GSTT for Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India

Estate Tax Treaty (India-USA Estate Tax Treaty 1954) + Gift Tax Treaty (no comprehensive India-USA Gift Tax Treaty — debated) + Form 706 US estate tax for US person estate > USD 13.61M (2024) per Section 2010(c)(1) + Form 709 US gift tax for US person gifting > USD 18,000 (2025) + Section 877A expatriation tax for covered expatriate (renounced US citizenship or long-term resident per Section 7701(b)(6)) + Section 877A(g)(1) mark-to-market exit tax + Section 877A(h) gift / bequest tax + Section 877A(i) inheritance tax + Section 2501 + 2511 + 2518 GSTT + 2702 retained interest + Section 2036 + 2038 + 2056 + 2523 + Section 671-679 grantor trust + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India + industrial undertaking inheritance + startup inheritance + housing project inheritance + SEZ unit inheritance + NRI / OCI senior 60+ parent returning India estate.

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC held by NRI / OCI senior 60+ parent returning India — estate planning + compliance summary India 2026

NRI / OCI senior 60+ parent returning India tax holiday per Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC plain text + Section 54GA(1) industrial undertaking capital gains exemption per Section 54GA(1) plain text + Section 54GA(2) purchase / construction + 1 year before or 3 years after per Section 54GA(2) plain text + Section 54GA(3) CGAS deposit per Section 54GA(3) plain text + Section 54GB startup capital gains exemption per Section 54GB(1) plain text + Section 54GB(2) purchase / construction + 2 years before or 3 years after per Section 54GB(2) plain text + Section 54GB(3) CGAS deposit per Section 54GB(3) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + Section 80-IBA housing project profit-linked deduction per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window per Section 80-IBA(3) plain text + Section 80-IC SEZ profit-linked deduction per Section 80-IC(1) plain text + Section 80-IC(2) 100% + 50% deduction per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window per Section 80-IC(3) plain text + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure + senior 60+ parent estate India 2026.

Senior 60+ parent estate planning for NRI returning India tax holiday + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window requires Will per Indian Succession Act 1925 Section 63 + 2 witnesses + codicil + executor + probate + Letters of Administration + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + FEMA ED RBI Master Direction 2024 + nominee rights + industrial undertaking inheritance + startup inheritance + housing project inheritance + SEZ unit inheritance + FEMA PI NRI / OCI senior 60+ parent returning India estate + Estate Tax Treaty (India-USA Estate Tax Treaty 1954) + Gift Tax Treaty + Form 706 US estate tax + Form 709 US gift tax + Section 877A expatriation tax + covered expatriate. NRI / OCI senior 60+ parent returning India should engage US tax lawyer + CPA + FEMA consultant + Indian CA + estate lawyer for comprehensive Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC returning India tax holiday + FEMA compounding + Estate Tax Treaty + senior 60+ parent estate India 2026 compliance.

Annual compliance for NRI returning India tax holiday + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window includes ITR-2 + ITR-3 + ITR-4 SUGAM + Schedule FA foreign asset disclosure per Section 139(6) debated for returning India + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 mutual agreement procedure + Section 6(1)(a) resident per Income Tax Act 1961 + Section 6(1)(b) ordinarily resident per Income Tax Act 1961 + Section 6(6) deemed resident per Income Tax Act 1961 + Form 8938 FATCA per Section 6038D + Section 1298(f) + FBAR FinCEN 114 per 31 CFR 1010.350 + Section 6662 20-40% accuracy + Section 6663 75% fraud + Section 6501(c)(8) 6-year statute of limitations + Section 234A + 234B + 234C interest for delayed filing + delayed payment of advance tax + deferment of advance tax instalments + Section 271F late filing penalty INR 5,000 per Section 271F(1) + Black Money Act 2015 + Section 10/11 BMA 300% penalty + Section 271AAB + 271AAC + 270A + 270AA penalty + Section 273B immunity + Section 276CC prosecution.

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Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window + FEMA USD 1M / year + senior 60+ parent estate India 2026 — compliance infographic

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window + FEMA USD 1M / year + senior 60+ parent estate India 2026 — compliance infographic.

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window — flow step 1 NRI / OCI senior 60+ parent returning India + FEMA USD 1M / year + senior 60+ parent estate India 2026

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window — flow step 1 NRI / OCI senior 60+ parent returning India + FEMA USD 1M / year + senior 60+ parent estate India 2026.

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window — flow step 2 FEMA USD 1M / year + Form 8938 + FBAR + DTAA + senior 60+ parent estate India 2026

Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window — flow step 2 FEMA USD 1M / year + Form 8938 + FBAR + DTAA + senior 60+ parent estate India 2026.

NRI returning India tax holiday Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + 100% deduction + 10-year window + FEMA USD 1M / year + senior 60+ parent estate India 2026

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NRI returning India tax holiday + Section 54GA industrial undertaking + Section 54GB startup + Section 80-IBA housing project + Section 80-IC SEZ unit + 100% deduction + 10-year window + Section 54GA(1) + Section 54GA(2) + Section 54GA(3) + Section 54GB(1) + Section 54GB(2) + Section 54GB(3) + Section 54GB(4) DPIIT recognised startup + Section 80-IBA(1) + Section 80-IBA(2) + Section 80-IBA(3) + Section 80-IBA(4) + Section 80-IBA(5) + Section 80-IBA(6) + Section 80-IC(1) + Section 80-IC(2) + Section 80-IC(3) + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 + senior 60+ parent estate India 2026. Animated decision map.
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Common Questions

What is Section 54GA industrial undertaking capital gains exemption for NRI / OCI senior 60+ parent returning India?

Section 54GA industrial undertaking capital gains exemption per Section 54GA(1) plain text + Section 54GA(2) purchase / construction + 1 year before or 3 years after the date of transfer per Section 54GA(2) plain text + Section 54GA(3) capital gain deposit Capital Gains Account Scheme CGAS per Section 54GA(3) plain text for NRI / OCI senior 60+ parent returning India. Section 54GA(1)(a) + (b) + (c) + (d) + (e) eligible industrial undertaking per Section 54GA(1) plain text + Section 54GA(1)(a) manufacture of articles + (b) processing of goods + (c) mining + (d) generation or distribution of electricity or any other form of power + (e) any other industrial activity as may be notified per Section 54GA(1) plain text. Section 54GA(2) purchase of new industrial undertaking + construction of new industrial undertaking 1 year before or 3 years after the date of transfer per Section 54GA(2) plain text + Section 54GA(3) capital gain deposit Capital Gains Account Scheme CGAS for purchase / construction + 2 years utilization per Section 54GA(3) plain text + Section 54GA(3) CGAS interest taxable per Section 145 plain text + 100% capital gains exemption per Section 54GA(1) plain text for NRI / OCI senior 60+ parent returning India.

What is Section 54GB startup capital gains exemption + Section 54GB(4) DPIIT recognised startup for NRI / OCI senior 60+ parent returning India?

Section 54GB startup capital gains exemption per Section 54GB(1) plain text + Section 54GB(2) purchase / construction + 2 years before or 3 years after the date of transfer per Section 54GB(2) plain text + Section 54GB(3) capital gain deposit Capital Gains Account Scheme CGAS per Section 54GB(3) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text for NRI / OCI senior 60+ parent returning India. Section 54GB(1)(a) + (b) + (c) + (d) + (e) eligible startup per Section 54GB(1) plain text + Section 54GB(1)(a) + (b) + (c) + (d) + (e) technology startup + intellectual property per Section 54GB(1) plain text + Section 54GB(2) purchase of new asset + construction of new asset 2 years before or 3 years after the date of transfer per Section 54GB(2) plain text + Section 54GB(3) CGAS deposit + 2 years utilization per Section 54GB(3) plain text + Section 54GB(4) DPIIT recognised startup per Section 54GB(4) plain text + GSR 364(E) dated 19-02-2019 + Startup India Notification per Section 54GB(4) plain text + Form 1 + Form 2 + DPIIT recognition per Section 54GB(4) plain text + Section 54GB(5) lock-in period 5 years per Section 54GB(5) plain text + 100% capital gains exemption per Section 54GB(1) plain text for NRI / OCI senior 60+ parent returning India.

What is Section 80-IBA housing project profit-linked deduction + Section 80-IBA(2) 100% deduction + Section 80-IBA(3) 10-year window for NRI / OCI senior 60+ parent returning India?

Section 80-IBA housing project profit-linked deduction per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window per Section 80-IBA(3) plain text + Section 80-IBA(4) affordable housing project per Section 80-IBA(4) plain text + Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years per Section 80-IBA(6) plain text + Section 80-IBA(1)(a) + (b) + (c) + (d) + (e) eligible housing project per Section 80-IBA(1) plain text for NRI / OCI senior 60+ parent returning India. Section 80-IBA(1) eligible housing project notified by central government per Section 80-IBA(1) plain text + Section 80-IBA(2) 100% deduction profits and gains derived from eligible housing project per Section 80-IBA(2) plain text + Section 80-IBA(3) 10-year window from year of first affordable housing project per Section 80-IBA(3) plain text + Section 80-IBA(4) affordable housing project carpet area ≤ 60 sq m metros or ≤ 90 sq m non-metros per Section 80-IBA(4) plain text + Section 80-IBA(5) carpet area 60 sq m metros + 90 sq m non-metros per Section 80-IBA(5) plain text + Section 80-IBA(6) lock-in period 5 years from date of issue of completion certificate per Section 80-IBA(6) plain text + Section 80-IBA(6)(a) lock-in transfer restriction per Section 80-IBA(6)(a) plain text for NRI / OCI senior 60+ parent returning India.

What is Section 80-IC SEZ profit-linked deduction + Section 80-IC(2) 100% + 50% deduction + Section 80-IC(3) 10-year window for NRI / OCI senior 60+ parent returning India?

Section 80-IC SEZ profit-linked deduction per Section 80-IC(1) plain text + Section 80-IC(2) 100% deduction profits first 5 years + 50% next 5 years per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window per Section 80-IC(3) plain text + Section 80-IC(1)(a) + (b) + (c) + (d) + (e) eligible SEZ unit per Section 80-IC(1) plain text for NRI / OCI senior 60+ parent returning India. Section 80-IC(1) eligible SEZ unit notified by central government per Section 80-IC(1) plain text + Section 80-IC(2) 100% deduction profits and gains derived from eligible business for first 5 years + 50% for next 5 years per Section 80-IC(2) plain text + Section 80-IC(3) 10-year window from year of commencement of business per Section 80-IC(3) plain text + Section 80-IC eligible SEZ unit notified by central government per Section 80-IC(1) plain text + Section 80-IC SEZ unit lock-in period per Section 80-IC(3) plain text for NRI / OCI senior 60+ parent returning India.

What is FEMA USD 1M / year LRS + Form 67 + DTAA Article 25 + senior 60+ parent estate for NRI / OCI senior 60+ parent returning India Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC?

FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 bank + FEMA compliance certificate from CA + Form 15CB (CA certificate) + Form 15CA (declarant statement) + 26Q + 27Q TDS return verification for NRI / OCI senior 60+ parent returning India + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC. NRI / OCI senior 60+ parent returning India should disclose FEMA USD 1M / year LRS remittance + returning India investment + Form A2 + AD-1 + FEMA compliance certificate to avoid FEMA compounding penalty up to 3x per FEMA 1999 Section 13. FEMA NRO 7-year retention per RBI Circular 47/2015 + 12/2015 + FEMA 1999 + RBI Master Direction 2024 debated for returning India investment (typically applicable; consult FEMA consultant) + 10-year US/UK/CA/AU retention debated. Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention. DTAA Article 25 mutual agreement procedure + saving clause + Form 8833 treaty disclosure + Section 6114 + 25% treaty penalty + Section 7701(b) treaty tie-breaker + Section 90(5) panchnama. Estate Tax Treaty (India-USA Estate Tax Treaty 1954) + Section 2014 DTAA credit per Section 2014 + Form 706 US estate tax for US person estate > USD 13.61M (2024) per Section 2010(c)(1) + Form 709 US gift tax for US person gifting > USD 18,000 (2025). Section 877A expatriation tax for covered expatriate + Section 2501 + 2511 + 2518 GSTT + 2702 retained interest + Section 2036 + 2038 + 2056 + 2523 + Section 671-679 grantor trust + Form 8938 FATCA per Section 6038D + Section 1298(f) + FBAR FinCEN 114 per 31 CFR 1010.350 + Black Money Act 2015 + Section 10/11 BMA 300% penalty + Section 50 BMA no exemption + Section 49 BMA no set-off + Section 271AAB + 271AAC + 270A + 270AA penalty + Section 273B immunity + Section 276CC prosecution + senior 60+ parent estate India 2026.

What is Section 54 + Section 54B + Section 54F + Section 54EC + Section 54GA + Section 54GB + Section 80-IBA + Section 80-IC + Section 80-IE + Section 80-IA + Section 80-IB + Section 80-ID standalone deductions comprehensive for NRI / OCI senior 60+ parent returning India?

Section 54 + Section 54B + Section 54F + Section 54EC + Section 54GA + Section 54GB rollover + Capital Gains Account Scheme CGAS + Section 80-IBA + Section 80-IC + Section 80-IE + Section 80-IA + Section 80-IB + Section 80-ID standalone deductions comprehensive per Section 54 to Section 54GB + Section 80-IBA to Section 80-IE plain text + NRI / OCI senior 60+ parent returning India comprehensive deductions + Section 54 capital gains rollover per Section 54 plain text + Section 54GA industrial undertaking 100% exemption per Section 54GA(1) plain text + Section 54GB startup 100% exemption per Section 54GB(1) plain text + Section 80-IBA affordable housing 100% deduction per Section 80-IBA(2) plain text + Section 80-IC SEZ 100% + 50% deduction per Section 80-IC(2) plain text + Section 80-IE North-East + Sikkim 100% deduction per Section 80-IE plain text + Section 80-IA infrastructure 100% deduction per Section 80-IA plain text + Section 80-IB industrial undertaking 100% deduction per Section 80-IB plain text + Section 80-ID Himachal Pradesh + Uttarakhand 100% deduction per Section 80-ID plain text + FEMA USD 1M / year LRS per FEMA 1999 + RBI Master Direction 2024 + Form A2 + AD-1 + FEMA compounding penalty up to 3x per FEMA 1999 Section 13 + Form 67 mandatory per CBDT Notification 3/2022 + Circular 11/2022 + 12/2022 stricter rules + Form 10F per Income Tax Rules 1962 Rule 21AB + Section 90(4) 8-year TRC retention + DTAA Article 25 + Form 8938 FATCA per Section 6038D + Section 1298(f) + FBAR FinCEN 114 per 31 CFR 1010.350 + Black Money Act 2015 + Section 10/11 BMA 300% penalty + Section 50 BMA no exemption + Section 49 BMA no set-off + Section 271AAB + 271AAC + 270A + 270AA penalty + Section 273B immunity + Section 276CC prosecution + Will per Indian Succession Act 1925 Section 63 + 2 witnesses + codicil + executor + probate + Letters of Administration + succession certificate + Hindu Succession Act 1956 Section 6 coparcener + FEMA ED RBI Master Direction 2024 + nominee rights + industrial undertaking inheritance + startup inheritance + housing project inheritance + SEZ unit inheritance + FEMA PI NRI OCI senior 60+ parent returning India estate India 2026.

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