NRI Taxation service in Chandigarh
Indian nationals who have immigrated to another country are known as Non-Resident Indians (NRIs). There has been a consistent influx of ex-pats into India due to the country’s rapid economic growth over the past few years. In India, the tax liability is based on residential status rather than the NRI taxation consultant services or place of residence. So, if you are in Chandigarh. Then we can help you in dealing effectively with the chartered accountant NRI income taxation consultant service .
Our company offers chartered accountant for NRI consultant in to assist Non-Resident Indians (NRIs) in managing their financial and tax-related issues. With our expertise and knowledge, we help you in NRI income tax filing, planning and representation. We provide various NRI taxation services, and some of them are listed here:
- Form 15CA-CB: According to the declaration made on Form 15CA, any payments made to the non-resident have been taxed by the individual remitting the funds. But, Form 15CB is not a declaration, but it is a certificate given by a chartered accountant. It ensures that the provisions of the Double Taxation Avoidance Agreement and the Income Tax Act have been followed with respect to tax deductions while making the payments. For the purpose of remitting money from India to another country, NRI must fill out this form. We can help you to submitting on time in order to prevent any fines from the Income Tax Department.
- Lower Deduction TDS Certificates: This is the certificate that the deducted must provide to the deductor to reduce TDS on the payment. By giving accurate information regarding their income, the deductee can get this certificate from the income tax assessor. Our company provides NRI taxation Certificates to reduce the tax deduction at source on the NRI property sale in Chandigarh
For Example:
The TDS deduction would be Rs.16 lakhs or 20% if a property is sold for Rs.80 lakhs. With the help of tax preparation by SPA, the TDS deduction can be reduced to 10% or even lower. To ensure compliance and save money, this certificate is a necessary record for property sellers.
NRI Consultant Services
- TDS on The NRI Property Sale When you sell a property in India as an NRI. The buyer will deduct 20% as Long Term Capital Gains Tax . Tax Deducted at Source (TDS) for homes that are sold after two years. The TDS rate, which is deducted as short-term capital gains tax, is 30% for properties sold before two years. For getting TDS certificates, calculating the TDS amount, and filing TDS returns, NRI Consultant Service in India Chandigarh can help the NRI.
- NRI Income Tax Return Filing : NRIs are required to file a tax return for the income they earn in India. Our firm can provide assistance in the preparation and submission of accurate income tax returns with effective tax planning without fines or legal proceedings.
- Digital Signature: Our Company will help NRIs in getting the digital signature as they are required for e-filing tax-related documents such as income tax returns.
- PAN registration
- Our Company will assist NRIs in getting PAN cards as PAN registration is necessary to buy or sell a property or to invest in the stock market.
NRI Taxation Filing
Our firm provides chartered accountant NRI taxation service in Chandigarh to assist Non-Resident Indians in managing their tax and financial concerns in India. Our Expert teams provide personalized services and guarantee compliance with any rules with the Income Tax Department.
When NRI property is sold to an Indian buyer, the Indian buyer distributes the sale consideration. After that TDS deduction of 20% on the income the NRI property sale Chandigarh. Our firm can assist in getting a Lower Deduction TDS Certificate from the Income Tax Department. Reducing the TDS service rate and avoiding over-deducting taxes in such a situation.