OUTSOURCED Taxation Services

NRI Taxation Services

NRI (Non-Resident Indian) Taxation Services are specialized financial services provided to individuals who are classified as Non-Resident Indians for tax purposes. An NRI is someone who has left India for employment, business, or residence in another country or is a person of Indian origin residing abroad. These taxation services cater to the unique tax obligations and complexities faced by NRIs regarding their income earned in India and abroad. NRIs have specific tax rules and regulations that apply to their income, investments, and assets in India, and it is essential for them to comply with these rules to avoid any legal issues or penalties.
Some common NRI taxation services include:
Determining Residential Status
Helping NRIs determine their residential status for tax purposes and offering guidance on how it affects their tax liabilities in India.
Income Tax Planning
Providing comprehensive tax planning strategies to minimize tax liabilities on NRI income from various sources like property, investments, and business.
Double Taxation Avoidance
Assisting NRIs in claiming benefits under Double Taxation Avoidance Agreements (DTAAs) to avoid paying taxes twice on the same income in both India and their country of residence.
Foreign Asset Reporting
Ensuring compliance with the reporting requirements for foreign assets under the Income Tax Act to avoid penalties.
Property Taxation
NRIs owning property in India have specific tax implications. Taxation services can help with understanding property tax rules, filing property tax returns, and managing tax-related aspects of property transactions.
Capital Gains Tax
NRIs need to be aware of capital gains tax rules when they sell investments or property in India. Taxation services can help in calculating and reporting capital gains taxes accurately
Tax Representation and Consultation
Tax experts can represent NRIs before Indian tax authorities and offer consultation on various tax matters to ensure adherence to relevant tax laws.
Score big with our NRI (Non-Resident Indian) Taxation Services. Let us help you keep one decision at a time.
These taxation services cater to the unique tax obligations and complexities faced by NRIs regarding their income earned in India and abroad. NRIs have specific tax rules and regulations that apply to their income, investments, and assets in India, and it is essential for them to comply with these rules to avoid any legal issues or penalties.