Why Professional NRI Tax Planning is Essential
Navigating India's dynamic tax landscape requires specialized expertise to ensure compliance, minimize liabilities, and maximize your returns as an overseas Indian.
Ensuring Compliance
Stay updated with evolving Indian tax laws and avoid penalties by ensuring all your filings are accurate and timely.
Optimizing Tax Efficiency
Leverage applicable deductions, exemptions, and DTAA benefits to legally reduce your tax burden in India.
Seamless Financial Integration
Integrate your Indian tax planning with your global financial strategy for a holistic and effective approach.
Comprehensive Services for NRIs, OCIs & Resident Indians Services
From meticulous taxation strategies to hassle-free documentation, we cover all your NRI/OCI and Resident Indians financial needs.
Taxation
- Personalized consultations with NRI/RI-specialized taxation experts.
- Effortless Income Tax Return Filing — Ensure Maximum Refunds.
- Apply for 15CA & CB & Make your (NRO-NRE) transfers stress-free.
- Lower Your TDS Burden on Property Deals — Hassle-Free Certificate Filing.
- Received an Income Tax Notice? Let Our Experts Handle It with Precision.
- Maximize Returns, Minimize Taxes: Expert Capital Gains Tax Planning Solutions
Documentation
- Digital PAN Application Services with Expert Assistance.
- Digitally Update and Link Aadhaar for Seamless Compliance.
- Get Your Lost or Damaged PAN Card Reprinted with Ease.
- Quick Issuance with a streamlined digital process.
- Seamless Pan card delivery to your doorstep - Anywhere, Anytime, Worldwide.
- For inquiries & assistance, our 24/7 chat support team is at your service.
NRI/OCI Documentations to Start your financial journey in India
6+ documentation services for NRIs & OCIs from the comfort of your home.
PAN Card
New, update PAN. Mandatory for all financial transactions in India.
Reprint PAN Card
Lost or damaged PAN Card? Don't worry, reprint one with us.
Link PAN Aadhaar
Link both docs before due date 30th Jun, 2023.
For inquiries & assistance, 24/7 chat support at your service
Taxation Services for Indian Citizens
Comprehensive tax planning and compliance solutions tailored for resident Indian citizens, ensuring financial clarity and optimization.
Income Tax Return Filing
- Expert assistance for various ITR forms (ITR-1 to ITR-7).
- Hassle-free preparation and e-filing.
Tax Planning & Advisory
- Salary income optimization (HRA, LTA, deductions).
- Capital gains planning for various assets.
- Rental income and property taxation advice.
Business & Professional Income
- Guidance on presumptive taxation schemes.
- Assistance with deductions and compliance.
Advance Tax & TDS/TCS
- Accurate advance tax calculation to avoid penalties.
- TDS/TCS reconciliation and refund claims.
Responding to Tax Notices
- Expert support in understanding and addressing income tax notices.
- Ensuring timely and compliant responses.
Tax-Efficient Investments
- Guidance on ELSS, PPF, NPS, and other tax-saving avenues.
- Strategic wealth management for tax efficiency.
Key Areas of NRI Taxation
A comprehensive look at the specific taxation rules for various income categories pertinent to Non-Resident Indians.
Detailed Tax Insights:
- Residential Status: Determining your tax residency and its direct impact on your income tax liability in India.
- Income from Salary: Taxability of salary received in India or for services rendered in India.
- Income from House Property: Taxation on rental income from properties in India and applicable deductions.
- Capital Gains: Short-term and long-term capital gains on sale of Indian assets (shares, property, mutual funds).
- Interest Income: Taxation of interest from NRE, NRO accounts, fixed deposits, bonds, and other investments.
- Dividend Income: Understanding the tax implications on dividends received from Indian companies and mutual funds.
- Business & Professional Income: Tax rules for NRIs deriving income from business or profession carried out in India.
- Tax Deducted at Source (TDS): Provisions for TDS on various NRI income types and how to claim refunds.
Our Streamlined NRI Tax Consultation Process
Experience a seamless journey towards comprehensive tax compliance and optimized financial planning with GarudVista.
Initial Consultation
Schedule a confidential session to discuss your specific tax situation and financial goals as an NRI.
Information Gathering
We assist in collecting all necessary financial documents and information required for accurate tax assessment.
Expert Analysis & Strategy
Our tax specialists analyze your data, identify applicable deductions/treaties, and devise an optimal tax strategy.
Compliance & Filing
We guide you through the filing process, ensuring all tax obligations are met accurately and on time.
Frequently Asked Questions
Common questions regarding NRI taxation, simplified and answered.
Who is considered an NRI for tax purposes in India?
An individual is considered an NRI if they have not resided in India for 182 days or more during the financial year, or if they have not resided in India for 365 days or more during the four preceding financial years and for 60 days or more during the current financial year (this 60-day limit is relaxed to 120 days for certain citizens/persons of Indian origin visiting India).
Is all my global income taxable in India as an NRI?
No, as an NRI, only income earned or accrued in India, or received in India, is taxable in India. Your foreign income earned outside India is generally not taxable in India.
What is a Double Taxation Avoidance Agreement (DTAA)?
A DTAA is an agreement between two countries that aims to prevent taxpayers from paying income tax twice on the same income. India has DTAAs with many countries, which can provide relief by either exempting income in one country or providing credit for taxes paid in the other.
Do NRIs need to file Income Tax Returns (ITR) in India?
Yes, if an NRI has taxable income in India exceeding the basic exemption limit, or wishes to claim a refund of TDS, or has certain capital gains, they are generally required to file an Income Tax Return in India.
How can GarudVista assist with NRI taxation?
GarudVista connects you with expert tax professionals specializing in NRI taxation. We can help with residential status determination, understanding tax implications on various income sources, DTAA application, TDS matters, and ITR filing guidance.
Ensure Your Tax Compliance
Connect with GarudVista's taxation specialists for personalized advice and seamless compliance, safeguarding your financial interests in India.