NRI Taxation
Introduction
Introduction to NRI Taxation
- Non-Resident Indian (NRI) taxation is a critical aspect for individuals living abroad but maintaining financial or property interests in India.
- Understanding tax obligations, exemptions, and compliance requirements can help optimize tax liabilities and avoid legal complications.
Who Are NRIs ?
- NRI stands for Non-Resident Indian, which refers to an individual who is both a Non-Resident (NR) and an Indian Citizen or a Person of Indian Origin (PIO).
- A Person of Indian Origin means that the individual, or either of their parents or grandparents, were born in undivided India.
Legal Framework?
- Relevant Laws and Regulations
- Foreign Exchange Management Act (FEMA), 1999: Governs foreign exchange transactions.
- Income Tax Act, 1961: Provides guidelines on tax implications for NRIs.
- Companies Act, 2013: Governs company-related investments.
- Key Government Bodies:
- Reserve Bank of India (RBI): Regulates foreign exchange and oversees NRI investments.
- Securities and Exchange Board of India (SEBI): Regulates stock market investments.
- Ministry of External Affairs: Handles NRI affairs.
Who Qualifies as an NRI ?
The Residential Status Test helps determine whether an individual qualifies as a non-resident
An individual is considered an NRI based on their residential status, determined under Section 6 of the Income Tax Act, 1961
Services
Services for NRIs
Sale of property in India by NRI’s
Repatriation and Remittance
Tax Planning for returning NRI
Trusted by over 500+ loyal customers
A reliable and well-structured CA firm. A Square Finserv ensures compliance-driven solutions with timely execution.
The team at A Square Finserv is highly knowledgeable and professional. Their guidance on taxation and compliance has been precise.
A Square Finserv provides dependable accounting and advisory services with a disciplined and transparent approach.
Professional handling of statutory and compliance matters by A Square Finserv. Their attention to detail is commendable.
A Square Finserv maintains high service standards and delivers accurate financial solutions. Communication is clear and timely.
The firm demonstrates strong expertise in accounting and taxation. A Square Finserv is a trusted advisory partner.
A Square Finserv offers structured and compliant services with consistent professionalism. Overall experience has been excellent.
The team at A Square Finserv ensures timely delivery and accurate compliance support. Their advisory inputs are practical.
A Square Finserv follows a systematic and ethical approach in all assignments. Their technical strength is evident.
Our FAQ
Answers To Your Questions
All directors must provide identity and address proof, as well as a copy of the PAN Card (for Indian Nationals) and Passport (for foreign nationals). No-objection Certificate must be submitted by the owner of the registered office premises.
Have Questions About Something?
Our Location
Unit No.206, SS Plaza Sector-47, Gurgaon, Haryana-122018