The NRI residency trap that caught Flipkart co-founder Binny Bansal

Binny Bansal moved to Singapore, took a job there, settled his family, and filed his Indian taxes as an NRI. In January 2026, an Indian tax tribunal still ruled that Rs 162.54 crore in gains from his Flipkart share sale was fully taxable in India. The reason was small and easy to miss: how many days he spent in India that year. In this video, we break down what went wrong in Binny Bansal's case, how Indian tax residency actually works (the 182-day rule AND the lesser-known 60-day rule), and how to make sure the same thing never happens to you. This one is for you if you're an NRI, an OCI holder, or planning to move abroad while holding money, roots, or assets in India. CHAPTERS 0:00 The residency trap that caught a Flipkart founder 1:29 Welcome to NRI Lens 1:49 What happened: Bansal's move to Singapore and the share sale 2:52 India's two residency tests: 182 days vs 60 days 3:45 The "leaving for employment" exception and why his timing failed 4:17 Did the India-Singapore tax treaty save him? 5:20 The tribunal's verdict 5:57 5 lessons every NRI should know 7:11 5 things to do if you're moving abroad 8:05 Final takeaway If this helped, like the video, subscribe to NRI Lens for more practical cross-border money content, and share it with an NRI who has assets in India. ABOUT NRI LENS NRI Lens is an honest look at the dual life every NRI lives. One foot in India, one foot abroad. We make cross-border money simple, practical and honest. Subscribe and stay for the long story. DISCLAIMER This video is for general educational purposes only and is not tax, legal, or financial advice. This is a tribunal ruling that can still be challenged in a higher court. Residency is decided on your specific facts, so please consult a qualified international tax professional for your situation. #NRI #NRITax #IndianTax #BinnyBansal #Flipkart #TaxResidency #NRIFinance #IndiaSingaporeTreaty #OCI #NRILens