NRI Tax Services in India, Non Resident Indian

Welcome to Our Website

NRITAXSERVICE.IN, a firm of professionals, set up with its Head Office in New Delhi, India, and associate offices across India. We also have our associates across the world in various countries. We assist the non-residents in their financial affairs in India as well abroad.

At NRI Tax Service, we provide advisory and compliance services encompassing the entire gamut of Taxation (Income Tax, Wealth Tax, DTAA, Custom etc), Foreign Exchange Law (RBI/FEMA, FCRA, Companies Act etc).

Additionally, we also provide a number of support services to our clients e.g. bank matters, property matters, investment matters, repatriation services, starting a business, sale-purchase of immovable property, family office services etc.

KNOW MORE

Our Services

What we offer?

NRI Tax Rates & Slabs

Taxation of NRI/PIO, NRI Overview of Income, NRI ITR, NRIs/PIOs…

NRI PAN

PAN is a ten digit unique alphanumeric combination…

Investments In India

NRIs/PIOs are allowed to invest in India in following two ways…

NRI RBI Rules

NRIs/PIOs, Loans/Borrowings, Investments, Immovable Property, Bank Accounts

NRI Income Tax Return

Components of ITR, Process of Filing ITR, Due Date, Revised Return…

Remittance of Money by NRIs

NRIs/PIOs are allowed to acquire or hold immovable property…

NRI GST Services

GST stands for Goods and Services Tax. GST law is an indirect tax which has …

NRI Capital Gains

NRIs acquire immovable property in India. This acquisition is either by way…

NRI Property Sale Lower TDS

Property Sale by NRI, Foreign Citizens – TDS U/S 195 – lower TDS…

News and Articles

Industry news and articles

NRIs Working Abroad – Receipt of Salary Income Into NRE Bank Account In India – Not Taxable In India

Recently, in a decision, the Mumbai ITAT (an Appellate Authority for Income Tax Litigation Matters in India) has held that just receipt of Salary Income by an employee (working in a Ship plying on Innternational routes, Run by Singapore based Shipping Company), in NRE Bank Account in India, will not trigger a tax incidence in India.

Non-Resident (NRIs, OCIs, Foreign Companies) Dividend Taxation – Shares, Mutual Funds

The government recently released draft guidelines for its ambitious gold monetization scheme that aims to cut down gold imports in the country.

The guidelines have been notified nearly three months after the scheme was announced by Finance Minister Arun Jaitley in the Union Budget.

New ITR Forms Notified AY 2020-21 (i.e. FY 2019-20)

In the last week of May 2020, CBDT has notified new Income Tax Return Forms for AY 2020-21-(i.e. FY 2019-20). Some of the salient features/changes of these forms are:

Taxation of Gifts in India

In India, Taxation on Gift was regulated by the Gift Tax Act 1958. As per the Gift Tax Act 1958, the donor was required to pay Gift Tax on all gifts in excess of a specified amount. However, with effect from October 1, 1998 (By Honourable Finance Minister Shri Yashwant Sinha), Gift Tax Act got demolished and all the gifts made on or after this date were free from tax.

Assets/Income Transferred To Spouse Shall Be Taxable In The Hands Of Transferor Spouse

There is a common practice in India to purchase/transfer the assets in the wife name e.g. purchasing of immovable property in the wife name, purchasing of shares/jewellery in the wife name etc.

There can be various reasons for the same e.g. prescribed rate of stamp duty is lesser in case of females etc.

Though there can be other justified reasons to buy the assets in the wife name, however, another ulterior motive also remains i.e. Tax Avoidance.

Liberalised Remittance Scheme (LRS) – Forex Facility for Resident Individuals – USD 250,000 per Financial Year

Foreign Exchange Management Act 1999 (FEMA) restrict the drawal of forex except to the extent allowed by its Regulations.
Under LRS, Indian Residents are allowed to remit prescribed amount (Per FY) of forex outside India to anyone for all permissible capital account transactions, without any prior approval of RBI. They just need to contact an Authorised Person/Dealer for this (i.e. Full Fledged Money Changer, Banks).

Clients Reviews

Excellent Professional service

Excellent Professional service by the NRI Tax service team. If you are looking for a trusted partner being abroad I would definitely recommend them.

Dharmendra Shavkani

I will surely refer them to anyone seeking advice on NRI tax matters

I find their advice on NRI tax and residency issues very helpful. Very sincere and professional people. I will surely refer them to anyone seeking advice on NRI tax matters.

S K

Big thanks!

I would say that it is the finest firms offering tax services. I contacted the team of it three months back when I wanted to sell my property in India and was looking ahead to get the funds repatriated to my foreign bank account. The representatives of this company are highly skilled and they helped me get my money into my account abroad. Big thanks!

Natasha Jain

Very happy with their services

Excellent services, high quality and experienced team. I appreciate NRI Tax Service a lot. Taken their services for property tax matters, repatriation of money, ITR filing. Very happy with their services 👍.

Niharica Garg

This is truly a professional team of experts helping people with tax related issues

I contacted nritaxservice through whatsapp for seeking their help on a hearing notice from NFAC. They were very quick to response to my queries and talked to me for initial discussions and advice free of charge. After talking to them I felt so relaxed and peaceful. I will take their help for all of my future tax related needs. This is truly a professional team of experts helping people with tax related issues.

Sanjiv Gupta

Will recommend them to NRIs OCIs

I am taking services of NRI Tax Service Company since many years. Excellent services. Very professional team and quality services. They keep communicated and updated about all my NRI tax needs. They are excellent for lower tds certificate property sale services and remittance of funds from nro account to outside India. Will recommend them to NRIs OCIs 👍.

run Gupta

I can definitely recommend them for their professionalism and honesty

My experience with Sulabh and Team is that they know their stuff very well. They are uniquely positioned to help NRI clients due to their years of experience. I can definitely recommend them for their professionalism and honesty.

Murari Agarwal

I recommend Lohia team for your NRI services

Lohia team was absolutely on target and on time. My services were executed precisely as promised. Team provided me with exact process in writing, schedule of fees, and communicated regularly on status. I was able to schedule my trip to India and complete my transaction on time with help of Lohia team. In past few years I have dealt with few CA firms in India. All are claiming to know how NRI services work but failed to deliver timely results. Lohia team was able to deliver 100% result in very short period of time. I recommend Lohia team for your NRI services. They are going to be my exclusive NRI service provider going forward.

Kamlesh Patel

Exceptional service – very satisfied

Exceptional service – very satisfied. I was under a time crunch to get the forms 15CA and 15CB submitted and was absolutely clueless on the process for getting it done. When I reached out to Mr Lohiya – he personally guided me and assured me for getting the work done in 3-4 working days. I was pleasantly surprised by the seamless execution of tasks by Shruti and the before time completion of all activities. Very professional, approachable and knowledgeable team of CA’s. Will definitely use them for all my tax needs in India and refer to my friends too!!

Susant Deo

Extremely reliable and trustworthy. Thank you !

I am very happy that I used their services. I live in the United States and am not very familiar with the processes in India . Mr Lohia and his team were always available to address my questions and concerns . Extremely reliable and trustworthy. Thank you !

Jay S

Highly recommended to indian NRIs and OCI people for all tax

I have had a very pleasant and satisfactory dealing with this firm regarding my repatriation and tax matters in India. They specialize in all matters and problems concerning non residents and provide very prompt and professional service. Highly recommended to indian NRIs and OCI people for all tax, repatriation, and other matters in India

Salil Badhwar

Frequently Asked Questions

NRI tax services related questions and answers

Q. What is Income Tax?

It is a tax imposed by the Government of India on any person who earns income in India. This tax is levied on the strength of an Act called Income tax Act which was passed by the Parliament of India.

Q. What do you mean by income earned in India?

Income earned in India is not limited to income earned within the geographical limits or boundaries of the country. Certain incomes are also deemed to have been earned in India although they may have been earned outside the country.

Q. Who is supposed to pay Income Tax?

Any Individual or group of Individual or artificial bodies who/which have earned income during the previous years are required to pay Income tax on it. The IT Act recognizes the earners of income under seven [7] categories. Each category is called a Status. These are Individuals, Hindu Undivided Family [HUF], Association of Persons [AOP], Body of individuals [BOI], Firms, Companies, Local authority, Artificial juridical person.

Q. Are all receipts considered as income?

No. Receipts can be classified into two kinds. A) Revenue receipt B) Capital receipt. The general rule under the Income tax Act is that, all revenue receipt are taxable unless a receipt is specifically exempted and all capital receipts are exempt from taxation unless there is a provision to tax it. Gifts and loans etc are in the nature of capital receipts not attracting tax.

Q. Do I have to maintain any records or proof of earnings?

For every source of income you have to maintain proof of earning and the records specified under the IT Act. In case, no such records have been laid down, you should maintain reasonable level of records with which you can support the claim of income.

Q. When do I have to pay the taxes on my income?

Generally the tax on income crystallizes only on completion of the previous year. However for ease of collection and regularity of flow of funds to the Government for its various activities, the Income tax Act has laid down payment of taxes in advance during the year of earning itself. Taxes may also be collected on your behalf during the previous year itself through TDS and TCS. If at the time of filing of return you find that you have some balance tax to be paid after taking into account your advance tax, TDS & TCS, the short fall is to be deposited as Self-Assessment Tax.