NRI Taxation Services
Expert Tax Solutions for Non-Resident Indians
Managing finances and tax obligations as a Non-Resident Indian (NRI) can be complex due to cross-border taxation rules. At GlobalTaxTrix, we specialize in NRI taxation services, helping you navigate India’s tax laws with ease. We ensure compliance while optimizing your tax liabilities. Whether you earn income in India, sell property, or invest in stocks, our experts provide tailored solutions to meet your unique needs.
Who is an NRI?
A Non-Resident Indian (NRI) is an individual who resides outside India for more than 182 days during the preceding financial year, as defined by the Income Tax Act. The taxation rules for NRIs differ substantially from those for resident Indians, particularly regarding global income, property transactions, and investments in India.
NRI Taxation in India
- Income from Indian Sources
NRIs are taxed on income earned within India, including salary, rental income, business income, and capital gains from property, stocks, and bonds. - Global Income
Generally, NRIs are not taxed on income earned outside India. However, remitting such income to India may have tax implications.
NRI Taxation Services Include:
- Tax Planning and Advisory
Customized strategies to minimize tax liabilities, guidance on exemptions, deductions, and investment options, and structuring income and investments for maximum tax efficiency. - Income Tax Return (ITR) Filing for NRIs
Assistance with filing returns for income from salary, property, or investments in India; claiming available refunds, exemptions, and deductions; and handling returns related to rental income, dividends, and capital gains. - Capital Gains Tax Calculation and Filing
Tax planning for sales of property, shares, mutual funds, and securities, ensuring accurate calculation and reporting of long-term and short-term capital gains, with guidance on tax implications of investment/property sales. - Tax on Rental Income and Property
Advice on taxation of rental income from Indian properties, recommendations on applicable deductions and tax-saving options, and assistance in filing taxes on rental income. - Repatriation of Income and Taxation
Support with transferring income from India to your country of residence, explanation of tax treatment and exemptions for repatriated funds, and guidance on Double Taxation Avoidance Agreements (DTAA). - Tax Residency Certificate (TRC) Application
Help with applying for TRC to benefit from DTAA provisions, ensuring reduced tax liability or exemption in your country of residence. - Tax Notices and Assessments
Handling of income tax notices, scrutiny assessments, and refunds, providing support for queries or disputes with the tax department, and ensuring proper documentation and claim processing.
NRI Taxation: Secure Your Future, Ensure Compliance
Navigating India’s tax system as an NRI can be overwhelming. With GlobalTaxTrix, you gain a trusted partner to expertly manage your tax affairs. Our strategic solutions aim to minimize your tax burden while ensuring full compliance with Indian tax laws.
Contact us today to streamline your NRI taxation process and secure your financial future.
Email: support@globaltaxtrix.com