Who is an NRI?
A Non-Resident Indian (NRI) is an Indian citizen who resides outside India for a specified period due to employment, business, or other reasons. Taxation for NRIs in India is based on residential status, not nationality or domicile. This means an NRI is liable to pay tax in India only on income earned or received in India.
Understanding NRI Taxation
With globalization, many Indians are settling abroad while maintaining financial ties to India. At the same time, expatriates are moving to India for work or business opportunities. Managing taxation across multiple jurisdictions can be complex, requiring expert guidance to optimize tax liabilities and ensure compliance.
Taxability of NRI Income
NRIs are taxed in India on income that arises or is received in India, including:
- Salary Income: If received in an Indian bank account or for services rendered in India.
- Rental Income: Taxable if earned from property located in India.
- Capital Gains: Profits from the sale of Indian assets like property or shares are subject to capital gains tax.
- Interest Income: Interest earned on deposits in Indian banks is taxable, except for specific NRE and FCNR accounts.
Tax Deductions Available for NRIs (Section 80C)
NRIs can claim deductions up to ₹1.5 lakh under Section 80C for:
- Life Insurance Premiums – Policies in the name of self, spouse, or children.
- Home Loan Principal Repayment – Only the principal component qualifies.
- Children’s Tuition Fees – Paid to Indian educational institutions.
- Investment in ELSS (Equity Linked Savings Scheme) – Eligible mutual funds provide tax-saving benefits.
Our Services for NRIs
We provide comprehensive NRI taxation services, including:
- Determination of residential status and tax implications.
- Guidance on DTAA benefits to reduce tax liability.
- Filing of income tax returns for NRIs.
- Advisory on FEMA compliance and repatriation of funds.
- Assistance in investment planning for tax savings.
- Handling tax scrutiny, audits, and representation before tax authorities.
- Advisory on business setup and property investments in India.
- Support with NRI bank accounts, loans, and regulatory filings.
Why Choose Us?
Our deep expertise in NRI taxation and personalized services have earned us long-term clients globally. We offer seamless, hassle-free tax solutions to help NRIs stay compliant while maximizing tax benefits. Whether you need help with tax filing, investment planning, or property transactions, we are here to assist you.
Contact Us
If you are looking for an NRI tax consultant in India, reach out to us, let our experts guide you through the complexities of NRI taxation.