NRI Taxation Advisory
Complete income tax compliance and advisory for Non-Resident Indians with income, assets, or investments in India.
Overview
NRI taxation in India involves layers of complexity: residency determination, applicable tax rates on different income types, TDS obligations on buyers and tenants, DTAA treaty benefits, and FEMA compliance on repatriation. Errors are common and notices frequent. The firm handles the full spectrum of NRI tax compliance and planning.
Who Should Avail This?
NRIs with Indian Rental Income
Tenants must deduct 30% TDS on rent paid to NRIs. We file returns, claim deductions and secure refunds.
NRIs Selling Property
The buyer must deduct TDS at 20% (LTCG) or 30% (STCG). We compute exact liability and guide on reinvestment exemptions.
Returning NRIs
Individuals transitioning from NRI to RNOR/Resident status need careful planning to avoid taxation of foreign income.
NRIs with Shares & Mutual Funds
Dividend income and capital gains are taxed at special rates for NRIs, and TDS is deducted at source.
How It Works
Residency Status Determination
We compute your residential status for the year under the Income Tax Act (NRI, RNOR, or Resident).
Income Mapping & DTAA Review
We identify all Indian-source income and apply the relevant Double Tax Avoidance Agreement to eliminate or reduce Indian tax.
TDS Credit Verification
We reconcile TDS deducted by tenants, buyers, and companies with Form 26AS to ensure full credit.
Return Filing
We file your NRI ITR (typically ITR-2) on the income tax portal with full disclosure and DTAA relief claims.
Repatriation Advisory
We advise on FEMA-compliant banking channels (NRE/NRO) for legally repatriating funds from India.
Frequently Asked Questions
Q.As an NRI, do I need to file an ITR in India?
A. Yes, if your Indian income (excluding LTCG on listed securities) exceeds Rs 2.5 lakhs in a financial year, you must file an ITR in India.
Q.What is the TDS rate on NRI rental income?
A. Tenants paying rent to NRIs must deduct TDS at 30% (plus surcharge/cess) under Section 195, regardless of the rental amount.
Q.Can NRIs invest in Indian mutual funds?
A. Yes, NRIs can invest in most Indian mutual funds through NRE or NRO accounts. However, some fund houses don't accept US/Canada-based NRI investments due to FATCA compliance.
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Tax Planning & Advance Tax Management
Proactive tax planning to legally minimise your tax liability and ensure timely advance tax payments throughout the year.
Consult a Tax Professional
Get personalized advice on NRI Taxation Advisory.
Alok K Acharya & Associates, Chartered Accountants
Across India