We offer the following services to Non Resident Indians(NRI) for their obligations in India.

  • Determination of your residential status in India
  • Tax Advisory Services
  • Prepare and File Your Income Tax Returns
  • Manage and maintain your accounts 
  • Audit the expenditures incurred by you for the projects undertaken commercially or on residential accommodations constructed in India particularly in Gujarat and Western India. We shall make the visit to the site to collect the first hand information, whether the site is located in rural or urban area and send a report on the same. 
  • Interpretation of DTAA with a view to reduce tax liability in India
  • Handling of issues relating to inheritance, will, etc.
  • Compliance with respect to the Income-tax Act, 1961, Wealth-tax Act, etc.
  • Application for Permanent Account Number (PAN)
  • Advising suitable tax saving investments

We offer complete range of services from task of depositing your interest/dividend warrant into your accounts and to prepare your accounts and filing your tax returns in India.

In short, you need not worry about your tax obligations as well as your investments in India. 

 

Who is NRI ? 
An Indian abroad is popularly known as Non-Resident Indian (NRI). NRI status is legally defined under the Foreign Exchange Management Act, 1999 and the Income-tax Act, 1961 for applicability of respective laws. 

Non resident under FEMA 1999
Person resident outside India means a person who is not resident in India.

Person resident in India means:
1. A person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year but does not include :
  • A person who has gone out of India or who stays outside India, in either case
    1. For or on taking up employment outside India, or
    2. For carrying on outside India a business or vocation outside India, or
    3. for any other purpose, in such circumstances as would indicate his intention to stay outside India for an uncertain period;
  • A person who has come to or stays in India, in either case, otherwise than
    1. For or on taking up employment in India, or
    2. For carrying on in India a business or vocation in India, or
    3. For any other purpose, in such circumstances as would indicate his intention to stay in India for an uncertain period;
2. Any person or body corporate registered or incorporated in India,
3. An office, branch or agency in India owned or controlled by a person resident outside India, 
4. An office, branch or agency outside India owned or controlled by a person resident in India;

Non resident under Income-tax Act, 1961
We prove various NRI service india like NRI financial services, NRI legal services.T he term non-resident is negatively defined under section 6 of the Income-tax Act, 1961. An individual who is not a resident under the Income-tax Act is a non-resident. The residential status of an Individual is determined based on the number of days of stay in India. Financial year (FY) is April to March. 

For the purposes of levy of tax, the Income-tax Act in India has classified the status of an individual assessee into three viz.,
1. Resident and ordinarily resident (ROR)
2. Resident but not ordinarily resident (R but NOR)
3. Non-resident (NR)

The definition is explained in simple terms as under.
Non resident under Income-tax Act, 1961
*Not applicable to a resident going outside India for employment, a resident who leaves India as a member of crew of an Indian ship, an Indian citizen or person of Indian origin who is abroad and comes to India for a visit i.e. if such a person stays in India for less than 182 days, he would be a non-resident.

In the case of a ROR, his global income is taxed in India. Normally a returning Indian would be assessed as RNOR on his return to India.

In the case of a Non-resident, only the income earned or received in India is taxed in India. Accordingly, income earned outside India by him would not be taxable in India.

India has contracted Double Tax Avoidance Agreements (DTAAs) with various countries. Taxability of Non Resident's Indian income would be decided as per the provisions of these DTAAs. Most of these DTAAs contain provisions for lower rates of tax in case of incomes like dividend, royalties, fees for technical services etc.