top of page
Old Globe

Non-Resident Indians (NRIs) are subject to different tax laws and regulations than residents of India. As a result, they may require specialized tax services to ensure compliance with these laws and to minimize potential liabilities.

 

Some of the key tax services for NRIs include:

  1. Filing of Income Tax Returns: NRIs are required to file their income tax returns in India if they have income from Indian sources. This includes income from rent, interest, or capital gains from investments in India.

  2. Tax planning and optimization: Tax planning and optimization is important for NRIs to ensure that they are paying the minimum amount of tax required by law. This may include utilizing tax exemptions and deductions that are available to NRIs.

  3. Double Taxation Avoidance Agreement (DTAA): NRIs may be eligible for relief from double taxation through India's DTAA with the country of their residence. This can help to minimize the overall tax burden for NRIs.

  4. TDS Refunds: NRIs may be eligible for a refund of TDS (Tax Deducted at Source) if they have paid more tax than is required by law.

  5. Compliance with Foreign Exchange Management Act (FEMA): NRIs are also subject to regulations under FEMA, which governs foreign exchange transactions in India. Compliance with these regulations is necessary to avoid penalties or fines.

  6. Repatriation of funds: NRIs may require assistance in repatriating funds from India to their country of residence. There are certain regulations that need to be followed to ensure compliance with tax laws in both countries.

Overall, NRIs require specialized tax services to ensure compliance with Indian tax laws and to minimize potential liabilities. This may include filing income tax returns, tax planning and optimization, utilizing double taxation avoidance agreements, and compliance with regulations under FEMA and other laws. "Don't hesitate to reach out to us for expert assistance with any of the above services."

Services to Non Resident Indians (NRI's)
bottom of page