We all know that taxes collected from citizens are the foundation of the Indian economy. NRI taxation under the Indian Income Tax Act, 1961 applies to those earning income outside the home country. The income tax rules and perks allowed to them are drastically different from those applicable to resident Indians.
Non-resident Indians (NRIs) can avail expert assistance to file their income taxes, ensuring compliance with Indian tax laws. This assistance covers a range of income sources, including income from share trading, property sales, and interest income. The expert assistance provided by professionals can help NRIs navigate the complexities of the Indian tax system and ensure that they fulfill their tax obligations in a timely and accurate manner. This service can help NRIs save time and effort, while also minimizing the risk of penalties and legal issues arising from non-compliance with tax laws.
Includes computation of Indian income and resulting tax liabilities for non residents.
Availing benefits under double taxation avoidance agreements (DTAA) - for non-residents
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Foreign nationals who has worked any time during last FY in India, who earned salary in India or have India sourced income like capital gains, interest income or dividend income etc
Indian citizens who are permanently residing outside India but has some assets in India which generates income
This plan is equipped with end-to-end online fulfillment via our expert. No hassle, 100% Digital.
Upload Documents on Vault
Review computation sheet
Return filed & acknowledgement generated
Form 16 from your company
Form 26AS Tax Credit Statement
Bank statement if interest received is above Rs. 10,000/-
Annual Information Statement
Details of Income earned Outside India
Details of any Income earned in India
"Non-Resident" is a person who has not been residing in India for a specified period of time. The Residential Status of an individual in a given year determines whether the
Types of Non-Resident
Under Income Tax Act 1961, non-resident is broadly classified under the following three heads:
Non-Resident Indian/Person of Indian Origin
Other Non-Resident Person.
Residential status of an individual is determined on the basis of the number of days an individual has physically stayed in India. Residential status has nothing to do with the nationality or domicile of an individual.
It may also happen that an Indian, who is citizen of India, may be a non-resident for Income Tax purposes in a particular year and an American citizen may be resident in India for Income Tax purposes in a particular year.
So as defined above, “a non-resident is a person who is not resident in India”, therefore we need to understand who is considered as Resident in India.
You are considered as “Resident in India” for a financial year
If you were in India for a period of 182 days or more during the Financial year; OR
If you have stayed in India for 60 days in the financial year and for a total of 365 days in the preceding 4 years.
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