There's income tax and then there's the little brother - wealth tax. Here's a primer on how NRIs must deal with their wealth tax obligations.

If you are a Non Resident Indian with net wealth from assets in India aggregating more than Rs 30 lakh in a financial year, you may be liable to pay wealth tax. The reason I say 'may be' is because you may get the benefit of certain exemptions. So let's take a look.