NRI Taxation & Compliance Services – VPS & Associates, Hyderabad
Non-Resident Indians (NRIs) often face challenges in managing taxation and compliance in India due to evolving tax laws and regulatory requirements. At VPS & Associates, Chartered Accountants in Hyderabad, we provide expert consultation on NRI taxation, ensuring compliance, tax efficiency, and strategic financial planning.
Our Key NRI Taxation Services
1. Understanding NRI Tax Status
Determining your residential status is the first step in tax planning. The Income Tax Act, 1961, classifies individuals as NRI, Resident but Not Ordinarily Resident (RNOR), Deemed Resident, or Resident based on the number of days spent in India. VPS & Associates can assist in evaluating your tax status and its implications.
2. Income Tax Filing for NRIs
NRIs must file income tax returns (ITR) if their total income exceeds the basic exemption limit. We assist with:
✔ Filing the appropriate ITR forms for NRIs
✔ Correct disclosure of income earned in India and abroad
✔ Availing tax deductions and exemptions
✔ Handling income tax scrutiny notices and representations
3. Double Taxation Avoidance Agreement (DTAA) Advisory
NRIs earning income in both India and abroad may face double taxation. We provide consultation on:
✔ Claiming tax relief under DTAA provisions
✔ Using Form 10F & TRC (Tax Residency Certificate)
✔ Planning investments to minimize tax liability
4. Capital Gains Tax Advisory on Property Transactions
NRIs owning property in India need to plan for capital gains tax. We assist with:
✔ Tax implications on the sale of property
✔ Availing capital gains exemptions under Sections 54, 54EC, 54F
✔ Repatriation of sale proceeds under RBI guidelines
✔ Obtaining a Lower Tax Deduction Certificate (LTC) to reduce TDS on property sales
5. TDS on NRI Income
Income earned by NRIs (rent, interest, capital gains) is subject to Tax Deducted at Source (TDS). Our services include:
✔ Applying for a Lower TDS Certificate (Form 13)
✔ Claiming TDS refunds for excess deductions
✔ Compliance with Section 195 for foreign remittances
✔ TDS on interest and rental income
6. NRE & NRO Account Taxation & Fund Repatriation
NRIs maintain NRE (Non-Resident External) and NRO (Non-Resident Ordinary) accounts. We assist with:
✔ Tax implications of interest earned on NRO accounts
✔ Compliance with FEMA (Foreign Exchange Management Act) for fund transfers
✔ Structuring tax-efficient investments
✔ Repatriation of funds to the NRI’s country of residence
7. Investment & Tax Planning for NRIs
NRIs investing in India need strategic tax planning. We help with:
✔ Tax-efficient investment in equity, mutual funds, and FDs
✔ Planning tax-friendly repatriation of investment returns
✔ Structuring investments as per FEMA guidelines
8. Tax Planning for Returning NRIs
Many NRIs return to India and require tax planning for a smooth transition. We assist with:
✔ Transitioning from NRI to Resident status
✔ Tax benefits for Returning NRIs (RNOR status)
✔ Planning income sources and investments post-return
✔ Understanding Section 89A relief on foreign retirement accounts
9. GST & Business Compliance for NRIs
NRIs running businesses in India must comply with GST and corporate tax regulations. We offer:
✔ GST registration & filing
✔ Business structuring for tax optimization
✔ Compliance with Company Law & RBI guidelines
10. Business Setup & Consulting for NRIs
NRIs looking to start businesses in India can benefit from:
✔ Company incorporation & registration
✔ Advisory on Entry India strategies
✔ Financial and operational consulting
11. Accounting & Bookkeeping Services
Accurate financial records ensure tax compliance. Our services include:
✔ Bookkeeping for businesses & individuals
✔ Payroll management & compliance
✔ Financial reporting & MIS preparation
12. PAN Activation for NRIs
NRIs must inform the Income Tax Department of their status to keep their PAN active. We assist with:
✔ Updating NRI status with tax authorities
✔ Avoiding PAN deactivation issues
13. Succession Planning & Inheritance Tax Advisory
Estate planning is crucial for NRIs. We provide:
✔ Guidance on legal & tax implications of inheritance
✔ Will drafting & succession planning
✔ Compliance with Indian tax laws on inherited property
14. Representation in Tax Assessments & Appeals
In case of tax notices or disputes, we assist with:
✔ Responding to income tax department queries
✔ Representation in tax assessments
✔ Filing appeals before tax authorities
Conclusion
NRI taxation in India is complex and requires expert consultation to ensure compliance and tax efficiency. At VPS & Associates, Hyderabad, we specialize in NRI taxation, TDS, repatriation, and compliance services to help NRIs manage their financial affairs seamlessly.
📧 Email id : team@vpsandassociates.com
Contact us today!
☎️ Landline: 040 – 29801299
📲 Mobile no: 8886359392 / 9030931302
Let our team of tax professionals assist you with strategic tax planning, compliance, and financial management in India!
