NRI Taxation

Understanding NRI Taxation

As an NRI, your tax obligations in India differ from those of residents. Your global income may not be taxable in India, but any income earned or accrued in India is subject to Indian taxation. Key aspects of NRI taxation include:

  • Income Tax on Indian Income: Income earned from sources such as property rental, investments, and business in India is taxable.
  • Tax Deducted at Source (TDS): NRIs are subject to TDS on various income types, including property sales, interest on deposits, and dividends.
  • Double Taxation Avoidance Agreement (DTAA): NRIs can benefit from DTAA between India and their country of residence, preventing double taxation on the same income.
  • Filing Income Tax Returns (ITR): Even if your income is subject to TDS, you may need to file an ITR in India to claim refunds or report income accurately.
  • Repatriation of Funds: Understanding the tax implications of transferring funds from India to your country of residence is crucial for effective financial planning.

 

 
 
 

Our NRI Taxation Services

We offer a full range of NRI taxation services to ensure your financial interests are protected. Our services include:

  • Tax Consultation: Personalized tax advice to help you understand your tax liabilities and benefits as an NRI, based on your specific income sources and financial situation.
  • Income Tax Return Filing: We handle the preparation and filing of your ITR, ensuring accuracy and compliance with Indian tax laws.
  • TDS Management: Assistance in managing TDS on your Indian income, including guidance on TDS rates, exemptions, and claiming refunds.
  • DTAA Benefits: Expert advice on leveraging DTAA provisions to reduce your tax liability and avoid double taxation.
  • Capital Gains Tax: Comprehensive support in calculating and managing capital gains tax on property sales, investments, and other assets in India.
  • Repatriation of Funds: Guidance on the tax implications of repatriating funds from India, ensuring compliance with both Indian and foreign regulations.
  • NRI Investment Advisory: Tax-efficient investment planning tailored to your status as an NRI, helping you grow your wealth while minimizing tax exposure.
  • Compliance and Representation: Assistance with tax compliance matters, including responding to tax notices and representing you in front of tax authorities, if needed.