NRI Tax Filing Services in Jaipur
For Non-Resident Indians (NRIs) managing income or assets in India, navigating the complex landscape of Indian taxation can be challenging. From tax filing obligations to compliance with the Foreign Exchange Management Act (FEMA), staying on top of evolving laws is crucial. Our NRI tax filing services offer tailored assistance to ensure compliance with Indian tax regulations, optimize your tax liabilities, and facilitate financial transactions like repatriation of funds.
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Rajat Saxena
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NRI Tax Filing Services
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5 Stars
Services We Offer
Key Considerations for NRI Taxation
Why Choose Us ?
Services We Offer
Our NRI Tax Filing Services
- Income Tax Return (ITR) Filing for NRIs
NRIs with income exceeding the exemption limit must file an income tax return in India. We assist in preparing and filing returns for income from various sources, such as rental income, interest on deposits, capital gains, and business income. Our goal is to ensure timely filing while minimizing your tax liability. - Advisory on Capital Gains Tax
If you’ve sold property, shares, or other assets in India, you may be liable to pay capital gains tax. Short-term and long-term capital gains are taxed at different rates, and we help you understand your obligations while assisting in claiming deductions, exemptions, and indexation benefits to reduce your tax burden. - DTAA (Double Taxation Avoidance Agreement) Benefits
Many NRIs face the risk of being taxed twice on the same income, once in India and once in their country of residence. Our experts help you claim relief under the Double Taxation Avoidance Agreement (DTAA), allowing you to avoid paying taxes on the same income twice and providing relief through tax credits or exemptions. - Assistance with Repatriation of Funds
NRIs often face hurdles when repatriating funds earned in India. Whether it’s proceeds from the sale of property or income earned from investments, we ensure that you comply with RBI and FEMA guidelines to repatriate your funds legally and efficiently. - Tax Planning for Returning NRIs
For NRIs planning to return to India, our advisory services help optimize tax planning. As a Returning NRI (RNOR), you are entitled to certain tax benefits. We assist in structuring your assets and income to ensure that your transition to Indian tax residency is smooth and tax-efficient. - Property Income Management
Renting out property in India while living abroad comes with its own set of tax obligations. We help you manage taxes on rental income, claim appropriate deductions under Section 24 (like home loan interest), and ensure compliance with TDS provisions.
Key Considerations for NRI Taxation
- Residential Status and Tax Implications
Determining your residential status under the Income Tax Act is the first step in assessing your tax liabilities. NRIs are taxed only on their Indian-sourced income, but returning to India or spending extended periods in the country may change your residency status, affecting your global income taxation. - Income Types Taxable in India
Common income sources for NRIs subject to Indian taxes include:- Rental income from property owned in India
- Interest income from NRO accounts
- Capital gains from property or share sales
- Business profits from Indian operations
Repatriation Rules
NRIs are allowed to repatriate up to USD 1 million per financial year under FEMA regulations. Compliance with these rules is mandatory to avoid penalties. We assist in navigating the formalities, ensuring a smooth repatriation process.
Why Choose Us ?
- Experienced Team
Our team consists of professionals with in-depth knowledge of Indian tax laws as they apply to NRIs. Whether it’s DTAA benefits or FEMA compliance, our experts ensure that your tax filing is seamless and hassle-free.- Personalized Services
Every NRI has unique financial needs, depending on their income sources, residency status, and long-term goals. We offer customized solutions tailored to your specific situation, ensuring optimal tax planning and compliance.- End-to-End Solutions
From tax filing and repatriation to advisory on investment portfolios, we provide comprehensive services that cover every aspect of NRI taxation. Our team ensures that you remain compliant with Indian tax laws while maximizing savings.Global and Indian Tax Compliance
As a global citizen, you may need to navigate multiple tax jurisdictions. We help you understand and comply with both Indian and international tax laws, ensuring that your financial affairs are in order.
- ITR Filing
- GST Filing
- Company Registration
- LLP Registration
- Accounting
- Partnership Firm Registration
- TDS Return Filing
- DIR-3 KYC Registration
- MSME Registration
- PAN/TAN Application
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- Tax Advisory and Planning
- Accounting and Bookkeeping
- Audit and Assurance
- Company Registration and Compliance
- Financial Consultation
- GST Filing Services
- TDS Return Filing
- LLP Registration Services
- Partnership Firm Registration
- DIR3 KYC Registration
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- 454, Anand Puri, Bees Dukan, Adarsh Nagar, Jaipur, Rajasthan 302004
- +91 93145 06944
- jethanica@jethanica.in
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FAQs
Who needs to file an income tax return in India?
NRIs must file an income tax return if their total income earned in India exceeds the exemption limit. This includes income from property, investments, or business operations.
What is the benefit of DTAA for NRIs?
The DTAA prevents double taxation by allowing NRIs to claim exemptions or tax credits in either India or their country of residence. This ensures you don’t pay tax twice on the same income.
Can I repatriate money from India?
Yes, NRIs can repatriate funds from India after fulfilling certain requirements and paying applicable taxes. We assist in ensuring that the necessary documentation and compliance are met to facilitate smooth fund transfers.
How are capital gains taxed for NRIs?
Capital gains from property or investments are taxed differently based on the holding period. Long-term capital gains are typically taxed at 20% with indexation, while short-term gains are taxed as per income tax slabs.
Is inherited property taxable for NRIs?
While the act of inheriting property is not taxable in India, any income generated from the property, such as rent or capital gains from its sale, is subject to Indian tax laws.
What is RNOR status, and how does it benefit NRIs?
Returning NRIs (RNORs) are not taxed on their global income for the first few years upon returning to India. This transitional status provides tax benefits, and we assist in maximizing these advantages.
What deductions can NRIs claim?
NRIs are eligible for various deductions, such as under Section 80C (for investments in specific instruments), Section 24 (interest on home loans), and deductions for medical insurance premiums. We guide you through these options to minimize your taxable income.