NRI Consultant Service

NRI Taxation service in Chandigarh

WHO IS NRI?      

As per the provisions of Income Tax act 1961, in broader view NRI is an individual who stays in India for a period of less than 182 days during the financial year, further there are other applicable provisions as per Income tax act, 1961 consult with tax experts. Being a citizen and passport holder of another country does not automatically make you a resident of that country. Residency status is determined by the number of days of stay in the country.   

We offer the following services to NRIs with end-to-end ADVISORY, ensuring a smooth and seamless completion.

  1. NRI TAX COMPLIANCE & ADVISORY SERVICES We provide comprehensive tax compliance and advisory services to Non-Resident Indians (NRIs), ensuring seamless adherence to Indian tax laws. Our services include income tax return filing, advisory on residential status, taxability of Indian and foreign income, disclosure of income earned in India. We also advise with FEMA regulations, DTAA (Double Taxation Avoidance Agreement) benefits.
  • TDS COMPLIANCE ON SALE OF PROPERTY BY NRI’s: We advise NRI’s in complete TDS compliance on sale of property, including applicable TDS rates, due date for filing of TDS return, issuance of form 16, calculation of capital gain, timely deposit of TDS avoiding penalties and interest etc. We provide complete advisory on compliances that NRI’s should do while selling property to resident in India.
  • LOWER TDS CERTIFICATE: A Lower TDS Certificate is issued by the Income Tax Department under Section 197 of the Income-tax Act, 1961, allowing deduction of tax at a lower rate or nil rate than the prescribed TDS rate. This helps taxpayers avoid excess tax deduction and cash-flow blockage. When a property is sold by an NRI, TDS is deducted by the buyer under Section 195 on sale consideration. If Property is held for more than 24 months it would be considered as long term and TDS rate will be 12.5% with applicable surcharge and cess, whereas if property is held for less than 24 months effective TDS rate will be 30% with applicable surcharge and cess but with Lower TDS Certificate it allows TDS to be deducted on actual capital gain, generally leading to a handsome amount of reduction in TDS liability. We provide end-to-end services for obtaining a Lower TDS Certificate, including calculation of applicable TDS, timely deposit of TDS, and filing of TDS returns.
  • FOREIGN REMITTANCE COMPLIANCE (15 CA-CB): If NRI’s wants to remit amount in foreign they need to file form 15 CA-CB to comply with the provisions of income tax.These are the crucial forms to file with Income Tax department for reporting before remittance is made, to avoid any further inherences.We provide the complete Advisory on form 15 CA-CB. Applicability analysis of Form 15CA -15CB, Determination of taxability and withholding requirements, DTAA benefit evaluation, Preparation and filing of Form 15CA and issuance of Form 15CB.
  • OTHER SERVICES: we also provide other services to NRI’s such as in getting the digital signature as they are required for e-filing tax-related documents such as income tax returns and TDS returns, PAN registration, TAN registration etc.

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.