NRI Related Services
Are you a Non-Resident Indian (NRI) looking for expert assistance with your taxation matters? Look no further! Our professional team is here to help you navigate the complex world of NRI taxation and ensure compliance with all applicable laws and regulations.
As an NRI, you may have various sources of income and assets in India, such as rental income, capital gains, bank accounts, investments, and more. Understanding your tax obligations and optimizing your tax liability can be challenging, given the ever-changing tax laws and intricate regulations.
We specialize in providing comprehensive taxation services tailored specifically to the needs of NRIs. Our team of experienced tax professionals possesses in-depth knowledge of both Indian and international tax laws, enabling us to offer accurate and personalized solutions for your tax requirements.
We have experience in providing a multitude of services to diverse client profile as under:-
- Non-resident Indians who have/ intend to have investments in India
- Non-resident Indians who inherit assets in India
- Non-resident Indians/Non-residents who have the intention to set up a business in India
- Returning NRI
- Emigrating Indian/New NRI
- NRI Intending to remit funds from India to Abroad
Our NRI taxation services cover a wide range of areas, including:
Tax Consultation and Planning:
- Personalized tax consultation to understand your specific tax situation and goals.
- Comprehensive tax planning to minimize your tax liability and maximize your tax savings.
- Advice on tax-efficient investment options for NRIs.
Income Tax Return Filing:
- Preparation and filing of your income tax returns in compliance with Indian tax laws.
- Expert review and analysis to ensure accuracy and optimize tax benefits.
- Assistance with claiming deductions, exemptions, and credits available to NRIs.
Double Taxation Avoidance:
- Guidance on Double Taxation Avoidance Agreements (DTAA) to prevent the same income from being taxed in both India and your country of residence.
- Assistance in claiming foreign tax credits and availing tax benefits under DTAA.
Property Taxation:
- Tax advisory services related to property ownership, sale, or rental income in India.
- Assistance in understanding the tax implications of property transactions and optimizing tax benefits.
Compliance and Reporting:
- Assistance in obtaining and maintaining Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN).
- Help in fulfilling tax reporting obligations, such as Foreign Asset Reporting (FAR) and Foreign Account Tax Compliance Act (FATCA) compliance.
Tax Representation and Resolution:
- Representation before the tax authorities for assessments, appeals, and tax dispute resolutions.
- Assistance with obtaining tax residency certificates and Tax Clearance Certificates (TCC).
Lower Deduction TDS Certificate on sale of property:
- Assess the eligibility for a Lower TDS Deduction Certificate based on factors such as total income, tax liability, and applicable tax treaties.
- Overcoming blockage of funds, (TDS @20% of sale consideration if the property is long term capital assets or it is 30% of sale consideration if the property is short term capital assets as specified u/s 195 of Income Tax Act,) with tax department by filing lower deduction TDS certificate also known as TDS exemption certificate u/s 197 of the Act.
Foreign Remittances:
- Guide through the necessary compliance requirements for remittances, ensuring adherence to foreign exchange regulations and tax laws.
- Complete assistance with documentation, reporting obligations, and any approvals or permissions required by regulatory authorities.
- Assist in obtaining Tax Residency Certificates (TRC) or issuance of certificates like 15CA & 15CB for remittance of funds outside India and help fulfilling reporting obligations to avoid any penalties or compliance issues.
Setting up business in India:
- Complete assistance in selecting the most suitable form of business entity, such as a private limited company, LLP, branch office, liaison office etc.
- Help in obtaining tax registrations, such as Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), Goods and Services Tax (GST) registration, and any other applicable registrations.
- Determining arm's length prices, preparing transfer pricing documentation, and complying with transfer pricing regulations to avoid any disputes or penalties.
- Guide through the FDI compliance process, including obtaining necessary approvals from the Reserve Bank of India (RBI) and ensuring adherence to sector-specific regulations.
- Develop tax-efficient strategies to optimize your business's tax liability in India.
- Guidance on cross-border transactions, repatriation of funds, claiming tax credits, and minimizing double taxation through Double Taxation Avoidance Agreements (DTAA).
- Professional accounting and bookkeeping services to ensure that books are maintained in accordance with Indian accounting standards and tax regulations.
Other services include:
- Determination of your residential status in India.
- Transfer pricing consultancy.
- Handling of issues relating to inheritance, will, etc.
- Assistance in opening of NRO / NRE / FCNR bank accounts.
- Facilitate repatriation of sale proceeds of investment and property.
- Monitor, record and report on investments in India etc.