NRI Taxation Services
We take great pride in our pioneering role and extensive expertise in the field of NRI taxation. Our range of services encompasses various critical aspects, including proficient income tax return filing, expert consultation for the sale of immovable property, meticulous investment portfolio management, and efficient handling of repatriation matters. By entrusting us with their financial decisions, clients gain access to a diverse team of seasoned experts, each specialising in different domains. This ensures that their unique requirements are met with precision and thoroughness. Rest assured, our dedicated team is readily available to address any queries or concerns you may have, providing you with the professional assistance you deserve.
IDEAL FOR INDIAN CITIZENS SETTLED ABROAD (NRIS)
Why Choose Our NRI Taxation Services
Expertise in NRI TaxationOur team stays up-to-date with the latest developments in NRI taxation, allowing us to provide accurate guidance and ensure compliance with the ever-evolving Indian tax laws. With our expertise, you can navigate the complexities of NRI taxation confidently and effectively.
Comprehensive SolutionsWe offer comprehensive solutions tailored to meet your specific needs as an NRI, providing assistance in income tax return filing, expert consultation for property sales, effective management of investment portfolios, and hassle-free handling of repatriation matters.
Personalised ApproachWe understand that each NRI has a distinct financial situation, and our specially curated strategies are designed to maximise tax benefits and minimise liabilities specific to your individual circumstances.
Access to a Diverse TeamOur diverse team of experts brings a wealth of knowledge and experience in various domains, including income tax, property sales, investments, and repatriation.
What We Offer
NRI Indian Income Tax Return Filing
Seamlessly file Indian tax returns as an NRI from abroad through expert guidance, hassle-free compliance, and maximised savings.
Double Tax Avoidance Agreement (DTAA) Consultation
Ensure tax efficiency and prevent double taxation through international agreements.
Capital Gain Consultation on Sale of Immovable Property
Get expert guidance on capital gains from the sale of immovable property. Optimise your financial gains and navigate tax implications with confidence.
Navigate the complexities of the Foreign Exchange Management Act (FEMA) with expert guidance and compliance solutions.
Investment in India
Unlock growth potential with strategic investments in India's thriving market and diverse sectors.
Facilitate smooth repatriation of funds and assets with our specialised prowess in repatriation matters and compliance solutions.
Our clients trust us with their company's financial interests
How It Works?
We conduct a detailed consultation to understand your NRI tax obligations and devise personalised solutions.
We guide you in collecting and organising the required documents for tax filing or other transactions.
Analysis and Strategy
Our experts analyse your finances and develop a customised strategy to optimise tax planning and minimise liabilities.
Execution and Support
We provide ongoing support and communication while handling your tax filing, property sale consultation and more.
Get Expert Guidance and Maximize Your Returns
Take control of your Indian taxation today and unlock the full potential of your returns. Fill up the “Inquiry Form”, schedule your consultation and let our experts guide you towards financial success.
Get In Touch
An NRI, or Non-Resident Indian, is an individual who qualifies as a non-resident under the Indian Income Tax Act. Generally, if you spend less than 182 days in India during a financial year or less than 60 days in the current financial year and 365 days or less in the preceding four financial years, you are considered an NRI for tax purposes.
Filing income tax returns as an NRI has several benefits. It helps you stay compliant with Indian tax laws, claim tax deductions and exemptions, and avoid any penalties for non-compliance. Additionally, filing tax returns can be necessary to claim a refund or serve as proof of income for various financial transactions.
The process involves collecting and organising relevant documents, such as Form 16, bank statements, and investment proofs. Our team will assist you in accurately reporting your income from various sources, claiming deductions, and exemptions, and filing the tax return online. We ensure compliance with Indian tax laws and handle all the necessary paperwork on your behalf.
You can easily get in touch with our team by reaching out through the contact information provided on our website. We are readily available to address any queries, provide support, and offer professional assistance throughout the process of managing your NRI tax obligations.
Yes, as an NRI, it is crucial to maintain records and proof of earnings for accurate income reporting and compliance with Indian tax laws. It is advisable to keep documents such as salary slips, bank statements, rent agreements, investment statements and any other relevant income-related records. These records serve as evidence to support your reported income and deductions while filing your Indian income tax returns. Our expert team can provide guidance on the specific documents you need to maintain and the duration for which you should retain them.
The deadline for filing Indian income tax returns for NRIs is typically July 31st of the assessment year. However, it’s essential to stay updated about any changes or extensions announced by the Indian tax authorities. We recommend consulting with our expert team to ensure timely compliance with the latest filing deadlines and avoid any penalties or consequences.
NRIs can employ several strategies to save tax in India. Firstly, they can take advantage of available deductions and exemptions such as those on housing loans, health insurance premiums, and contributions to certain investment schemes. Secondly, NRIs can explore the benefits of the Double Taxation Avoidance Agreement (DTAA) between India and their resident country to avoid double taxation. Additionally, careful tax planning, including the proper declaration of income, utilisation of tax-efficient investment options, and timely tax return filing can help NRIs optimise their tax savings. Consulting with an expert tax professional is highly recommended to navigate the complexities of NRI taxation and identify the most effective tax-saving strategies based on individual circumstances.
Yes, NRIs can claim a refund of TDS in certain situations. If the total tax liability is lower than the TDS deducted or if they are eligible for any deductions or exemptions that reduce their taxable income, NRIs can file an income tax return to claim a refund of the excess TDS deducted. It is important to note that the refund process involves filing a tax return within the specified deadline and providing the necessary supporting documents. Seeking assistance from a knowledgeable tax professional can ensure accurate filing and maximise the chances of obtaining a TDS refund as an NRI.
The residential status of an individual is crucial in determining the applicability and extent of Income Tax. The Indian Income Tax Act categorises individuals into resident and non-resident categories based on the duration and nature of their stay in India. The residential status determines which income sources are taxable in India, the tax rates applicable, and the scope of deductions and exemptions available. Resident individuals are generally subject to tax on their worldwide income, while non-residents are taxed only on their Indian-sourced income. Understanding and correctly determining one’s residential status is essential for accurate income reporting and compliance with Indian tax laws. Consulting with a tax professional can provide clarity on how residential status impacts an individual’s tax obligations.
Section 80C of the Indian Income Tax Act provides tax benefits for various investments. However, certain investments are not eligible for tax benefits under this section for NRIs. Some examples include investments in the Public Provident Fund (PPF), the National Savings Certificate (NSC), the Senior Citizen Savings Scheme (SCSS), and the Employee Provident Fund (EPF). NRIs should consult with a tax professional to understand the specific investment options that qualify for tax benefits under section 80C and make informed decisions regarding their tax planning and investments.
The taxation of ESOP (Employee Stock Ownership Plan) transactions for NRIs in India follows specific guidelines. When an NRI exercises their ESOPs, the difference between the Fair Market Value (FMV) of the shares on the exercise date and the exercise price is considered taxable income. This income is subject to tax in India. However, if the NRI sells the shares after holding them for a certain period, any gains arising from the sale may be treated as capital gains. The tax liability on capital gains will depend on the holding period and whether the shares are listed or unlisted. It is advisable for NRIs to consult with a tax professional to understand the precise tax implications of their ESOP transactions and ensure compliance with Indian tax laws.
The tax liability of NRIs in India is determined based on several factors. Firstly, the residential status of the NRI plays a crucial role. NRIs are generally taxed on income earned or received in India, while their foreign income is typically not taxable in India. The nature of income, such as salary, capital gains, rental income, or interest income, also influences tax liability. Additionally, the tax rates applicable to different types of income and the available deductions and exemptions are taken into account. It’s important for NRIs to understand these factors and consult with tax professionals to accurately assess their tax liability and ensure compliance with Indian tax laws.
NRIs are individuals who hold Indian citizenship but reside outside India for employment, business, or other reasons. They may have intentions of returning to India in the future. On the other hand, PIOs refer to individuals of Indian origin or ancestry who may hold the citizenship of a foreign country. PIOs do not necessarily possess Indian citizenship but maintain strong ties to India through their heritage. While NRIs have certain rights and benefits as Indian citizens living abroad, PIOs may enjoy specific privileges and benefits through schemes like the Overseas Citizen of India (OCI) or Person of Indian Origin (PIO) card. However, it is important to note that the PIO card has been merged with the OCI card as of 2019. The exact distinctions and privileges can vary based on specific laws and regulations.