NRI Taxation Services
Expert Tax Solutions for Non-Resident Indians
As a Non-Resident Indian (NRI), managing your finances and tax obligations can be complicated due to cross-border taxation rules. GlobalTaxTrix provides specialized NRI taxation services to help you navigate the complexities of Indiaβs tax laws, ensuring compliance and optimizing your tax liabilities. Whether you’re earning income in India, selling property, or investing in stocks, our experts offer tailored solutions to meet your unique needs.
Who is an NRI?
An NRI (Non-Resident Indian) is an individual who resides outside India for more than 182 days during the preceding financial year, as per the Income Tax Act. The tax rules for NRIs differ significantly from those for resident Indians, especially when it comes to taxation of global income, property transactions, and investments in India.
NRI Taxation in India
Income from Indian Sources: NRIs are taxable on income earned in India. This includes salary, rental income, business income, and capital gains from the sale of property, stocks, and bonds.
Global Income: Unlike residents, NRIs are not taxed on their global income, i.e., income earned outside India. However, if the income is remitted to India, it may attract taxes.
Our NRI Taxation Services Include:
β Tax Planning and Advisory
Tailored tax strategies to minimize tax liabilities
Advice on exemptions, deductions, and investment options
Proper structuring of income and investments to ensure tax efficiency
π§Ύ Income Tax Return (ITR) Filing for NRIs
Filing ITR for NRI income from salaries, investments, or property in India
Claiming refunds, exemptions, and deductions available to NRIs
Filing for NRIs who have income from rental property, dividends, and capital gains in India
π Capital Gains Tax Calculation and Filing
Tax planning for property sales, shares, mutual funds, and securities
Calculation and reporting of long-term and short-term capital gains
Assistance with tax implications of selling property or investments in India
π° Tax on Rental Income and Property
Advising on the tax treatment of income from property rental in India
Guidance on deductions and tax planning strategies
Filing taxes on rental income and advising on potential tax-saving options
πΌ Repatriation of Income and Taxation
Assistance with repatriating income from India to your country of residence
Guidance on tax treatment of remitted funds and applicable exemptions
Helping you understand Double Taxation Avoidance Agreements (DTAA) between India and other countries
π Tax Residency Certificate (TRC) Application
Applying for a TRC to avail of benefits under the Double Taxation Avoidance Agreement (DTAA) between India and your country of residence
Ensuring tax exemption or reduction in the foreign country based on TRC
π Tax Notices and Assessments
Handling income tax notices, scrutiny assessments, and refunds
Providing support for responding to queries or disputes with the tax department
Ensuring that all relevant documents and claims are correctly processed
Key Deductions and Exemptions for NRIs
Income from specified investments (PPF, Fixed Deposits, etc.)
Tax-exemptions for property income under Section 54 (capital gains exemption)
DTAA benefits for reduced tax rates on specific incomes (dividends, royalties, interest)
Rebate under Section 80 for donations, insurance, and retirement savings
Interest on home loans can be claimed for tax purposes
Why Choose GlobalTaxTrix for NRI Taxation?
π Expert Knowledge on International Tax Laws
π§βπΌ Tailored Solutions for complex NRI taxation matters
ποΈ Timely Filing and Accurate Reporting of taxes to avoid penalties
π Dedicated NRI Support with personalized assistance for smooth tax compliance
πΈ Maximize Tax Savings with proper planning and leveraging DTAA provisions
NRI Taxation: Secure Your Future, Ensure Compliance
Understanding the tax implications of earning in India as an NRI can be overwhelming, but with GlobalTaxTrix by your side, you can rest assured that your tax affairs are in expert hands. We offer strategic solutions to help NRIs minimize their tax burden while staying compliant with Indian tax laws.