NRI Taxation Services
Specialized taxation services for Non-Resident Indians (NRIs) to help them navigate the complex tax regulations in India and optimize their tax positions while ensuring full compliance with applicable laws.
Understanding NRI Taxation
The taxation of Non-Resident Indians (NRIs) in India is governed by specific provisions of the Income Tax Act, 1961, and is influenced by Double Taxation Avoidance Agreements (DTAAs) that India has with various countries.
Residential Status
For tax purposes in India, an individual's residential status is determined based on the number of days they are physically present in India during a financial year. The residential status categories are:
- Resident and Ordinarily Resident (ROR)
- Resident but Not Ordinarily Resident (RNOR)
- Non-Resident Indian (NRI)
The tax implications vary significantly based on your residential status, affecting which income is taxable in India and at what rates.
Taxable Income for NRIs
For NRIs, only income that is earned or accrued in India is taxable in India. This includes:
- Income from property in India
- Income from business or profession in India
- Capital gains from assets in India
- Interest income from investments in India
- Dividend income from Indian companies
Our NRI Taxation Services
We offer comprehensive taxation services tailored to the specific needs of NRIs.
NRI Tax Return Filing
We prepare and file income tax returns for NRIs, ensuring compliance with all applicable tax laws and regulations. Our services include:
- Assessment of residential status
- Computation of taxable income
- Tax return preparation and filing
DTAA Benefits
We help NRIs avail benefits under Double Taxation Avoidance Agreements (DTAAs) to prevent double taxation of the same income in India and their country of residence.
- DTAA applicability assessment
- Tax credit optimization
- Documentation for DTAA benefits
NRI Tax Planning
We provide strategic tax planning advice to help NRIs optimize their tax positions while ensuring compliance with all applicable laws.
- Investment structuring
- Tax-efficient repatriation strategies
- Estate and succession planning
Additional NRI Tax Services
Beyond our core NRI taxation services, we offer specialized solutions to address specific needs.
TDS on Property Transactions
We provide guidance on Tax Deducted at Source (TDS) implications for NRIs selling property in India, including:
- TDS compliance for property buyers
- TDS certificate issuance
- TDS refund assistance
FEMA Compliance
We assist NRIs in complying with Foreign Exchange Management Act (FEMA) regulations for their transactions in India, including:
- FEMA compliance for investments
- Repatriation of funds
- RBI approvals and filings
Key Considerations for NRIs
Important factors that NRIs should consider regarding their tax obligations in India.
Residential Status Changes
Changes in residential status can significantly impact tax liability. NRIs returning to India should plan their tax affairs carefully to manage the transition effectively.
Foreign Assets Disclosure
RORs (Resident and Ordinarily Resident) are required to disclose their foreign assets and income in their Indian tax returns. Non-compliance can lead to severe penalties.
Tax Residency Certificate
NRIs may need to obtain a Tax Residency Certificate (TRC) from their country of residence to avail DTAA benefits in India.
Why Choose Us
Our expertise and experience make us the preferred choice for NRI taxation services.
Specialized Expertise
Our team has specialized knowledge and experience in NRI taxation, ensuring that you receive expert advice tailored to your specific situation.
Global Perspective
We understand the global tax landscape and can help you navigate the complexities of international taxation, including DTAA benefits.
Personalized Service
We provide personalized service, taking the time to understand your unique circumstances and providing tailored solutions to meet your specific needs.