Key Areas of Our NRI Tax Filing Service
Our NRI Tax Filing services cover every important aspect of compliance, advisory, and repatriation of funds. With our experienced Income Tax consultants, you get complete guidance across the following areas:
Under Indian Income Tax law, every Non-Resident Indian (NRI) is required to file an annual return if their income exceeds the basic exemption limit set by the government. Since tax liability depends on your residential status, it is crucial to determine whether you qualify as Resident, Non-Resident, or Resident but Not Ordinarily Resident (RNOR).
Our NRI Tax consultants assist with:
-
Preparing computation of total income.
-
Ascertainment of tax liability.
-
Timely payment of applicable taxes.
-
Filing accurate tax returns before the due date.
When an NRI sells property in India, the transaction is subject to withholding tax (TDS). If the property is held for more than 36 months, the applicable tax rate is 20% plus surcharge and cess. However, NRIs can apply for a lower or NIL deduction certificate, ensuring TDS is levied only on capital gains and not on the full sale value.
Our NRI Tax consultants help you with:
-
Valuation reports (for properties purchased before 1.4.1981).
-
Capital gains computation and reinvestment planning.
-
Getting your sale agreement and ensuring buyer's tax compliance.
-
Applying for a Lower/NIL TDS certificate from the tax authorities.
-
Repatriating your funds abroad after tax clearance.
-
Filing capital gains tax return post-sale.
India has signed DTAAs with most countries to prevent NRIs from paying tax twice on the same income. These treaties allow you to claim credit for taxes paid in India when filing abroad and provide reduced tax rates on certain incomes such as interest, dividends, and royalties. For example, interest income is often taxed at a concessional rate of 10% under DTAA, compared to 30% under regular Indian law.
Our NRI Tax consultants help you:
-
Claim DTAA benefits to reduce double taxation.
-
Apply concessional tax rates under applicable treaties.
-
Obtain and submit Tax Residency Certificates (TRC) to avail DTAA benefits.
Every NRI must comply with the Foreign Exchange Management Act (FEMA) while carrying out financial transactions in India. FEMA regulations vary depending on residential status and whether the transaction falls under capital account (property, shares) or current account (remittances, income transfers).
Our NRI Income Tax consultants guide you through:
-
Changing bank accounts to NRO/NRE upon change of residential status.
-
Permissible remittances under FEMA (up to USD 1 million annually).
-
RBI approvals wherever required.
-
Proper reporting of NRI transactions to RBI.
NRIs are permitted to remit funds into and out of India through approved banking channels. However, repatriation abroad requires that applicable Indian taxes are duly paid.
Our NRI Tax Filing service ensures smooth remittances by assisting with:
-
Preparing remitter declarations.
-
Obtaining Chartered Accountant (CA) certificates.
-
Filing FEMA-compliant declarations.
-
Ensuring compliance for repatriation of up to USD 1 million per year.
NRIs can transfer funds from their NRO account to NRE account (up to USD 1 million annually) after paying due taxes in India. This process, though simple, requires correct documentation and compliance.
Get Expert Help With Your NRI Tax Filing
Whether you've inherited property, invested in Indian shares, or need to transfer funds abroad, our NRI Tax Filing service ensures peace of mind. Let our expert NRI tax consultants handle your compliances while you focus on your global financial goals.
Contact KDP Accountants today for a consultation with our experienced NRI Income Tax consultants. With decades of expertise in handling NRI Tax Filing services, we ensure that all your tax compliances, property transactions, remittances, and FEMA requirements are taken care of seamlessly. Be stress-free—we'll manage everything for you while you focus on your priorities abroad.
Frequently Asked Questions:
Yes. If your income in India exceeds the basic exemption limit (₹2.5 lakhs), you are required to file an Income tax return, even if you live abroad.
Yes. By providing a Tax Residency Certificate (TRC) and procedures, you can claim DTAA benefits to avoid paying tax twice. For expert guidance.
No. NRIs are taxed only on income earned in India. Foreign income is not taxed for NRIs.
If you don’t file returns by the due date, it can attract penalties of up to ₹10,000 and interest on unpaid tax. To avoid penalties and for expert guidance to file the ITR return in India, contact us today
Yes. Capital gains from shares or mutual funds are taxable in India, but it depends on whether the gains are short-term or long-term.
