Tax Planning & Advisory Services

Managing taxes becomes more complex when life and finances span across countries. NRIs, OCIs and PIOs frequently earn income through property, rent, salary, investments, capital gains or businesses in India and every form of income attracts specific tax rules under the Income Tax Act, FEMA and DTAA.

FinPracto offers end-to-end tax planning and advisory solutions designed to help non-residents minimize tax liability, stay fully compliant, and organize their global finances efficiently.

Why NRI-Focused Tax Planning Is Essential

Even the most financially aware individuals are often unsure about:

  • How taxation changes after becoming a non-resident
  • Whether income earned abroad is taxable in India
  • How to avoid paying tax twice on the same income
  • Whether property sale proceeds can be repatriated
  • Which investments are eligible for tax deductions

Our tax advisory model simplifies every step — from planning to compliance to execution.

Our Core NRI Tax Advisory Services

We offer comprehensive, end-to-end tax and regulatory support for NRIs, OCIs and global Indians earning income in India or managing cross-border assets.

1. Income Tax Return Filing for NRIs

We ensure accurate and compliant tax filing for all categories of non-residents:

  • Selection of correct ITR form for non-residents
  • Reporting income from rent, interest, capital gains, dividends, pension, business etc.
  • Claiming refund of excess TDS deducted
  • Accurate year-on-year tax filing with international income compliance

2. Capital Gains Advisory on Property Sales

Expert support for NRIs selling property in India:

  • Accurate computation of LTCG/STCG
  • Application of exemptions under Sections 54, 54F, 54EC
  • Review of TDS deduction under Section 195
  • Structured planning for compliant repatriation of proceeds

3. DTAA-Driven Tax Optimization

We help reduce global tax liability through treaty-based strategies:

  • Advisory on Double Taxation Avoidance Agreement application
  • Foreign Tax Credit (FTC) claim support
  • Country-specific structuring (USA, UK, Canada, UAE, Australia & more)
  • Prevention of double taxation on employment income, dividends, shares, pension etc.

4. Remittance & Repatriation Advisory

Complete assistance for compliant transfer of funds outside India:

  • Tax clearance certification via Form 15CA & Form 15CB
  • FEMA-compliant documentation for outward remittance
  • Advisory for transfer of rental income, inherited property proceeds, or capital gains
  • Annual USD 1 million repatriation planning

5. Entry & Exit Tax Planning

We help optimize tax liability when moving in or out of India:

  • Advisory on choosing the ideal date of arrival/departure to lower tax outflow
  • Evaluation of Resident / NRI / RNOR status under Section 6
  • Tax impact mapping in both India and the country of residence

6. Handling Income Tax Notices

End-to-end support for all tax notice responses and assessments:

  • Drafting and reply for notices such as 139(9), 142(1), 143(1), 148, 245
  • Representation in scrutiny assessments under Section 143(2)
  • Support for rectifications, reassessments and appeals

7. FEMA & RBI Regulatory Compliance

Compliance support for NRIs managing Indian assets:

  • Assistance with FEMA regulations for investments, gifts and asset transfer
  • RBI guidance for holding property, converting accounts and remitting funds
  • Documentation and certification for foreign exchange transactions

8. Investment-Linked Tax Savings for NRIs

We help NRIs optimize tax savings through strategic investment planning:

  • Advisory under Section 80C and other eligible deductions
  • Guidance for tax-efficient investments and long-term wealth planning
  • Review of India-based holdings such as NRE/NRO FDs, PPF (eligibility based), life insurance, home loan repayment etc.

Who Can Benefit from Our Services?

  • NRIs earning income in India
  • OCIs/PIOs holding investments or property
  • Foreign residents selling assets in India
  • Returning NRIs restructuring finances
  • Global professionals receiving ESOPs, bonuses or RSUs
  • NRI landlords or investors managing multiple income streams

Why FinPracto?

  • Dedicated NRI taxation specialists
  • Strong understanding of India + global tax implications
  • Personalized advisory — not just return filing
  • Transparent, efficient & result-oriented execution

Let’s Make Global Tax Compliance Effortless

Whether you need help with one transaction (e.g., property sale) or ongoing tax management, our expertise ensures peace of mind, legal compliance and maximum tax efficiency.

FAQs

No. Income earned outside India by an NRI is not taxable in India. However, income earned or received in India such as rent, capital gains, interest, dividends or business income is taxable in India irrespective of the country of residence.

Your residential status is determined based on the number of days you stay in India during a financial year (April–March). The tax implications vary for:

· Resident
· NRI (Non-Resident)
· RNOR (Resident but Not Ordinarily Resident)

If unsure, our team can help you determine the correct status before filing taxes.

Yes. India has Double Taxation Avoidance Agreements (DTAA) with many countries. Under DTAA, you can either:

· Claim foreign tax credit, or
· Apply concessional tax rates to prevent double taxation.

In most cases, yes. Filing an ITR is mandatory if:

· Your income in India exceeds the basic exemption limit
· You want to claim a refund of excess TDS deducted
· You need to repatriate funds abroad
· You have capital gains from selling property or shares

If held more than 24 months → Long-Term Capital Gains (LTCG)
If held 24 months or less → Short-Term Capital Gains (STCG)

Tax rates vary, but proper planning can significantly reduce tax liability through exemptions and indexation.

Yes. NRIs can remit up to USD 1 million per financial year, subject to tax compliance. Form 15CA/15CB is required along with FEMA-compliant documentation.

Yes, a Permanent Account Number (PAN) is required if you:

· Earn taxable income in India
· Sell property
· Claim TDS refund
· Invest in certain financial instruments

PAN application assistance is available.

Absolutely. Your date of entry/exit affects your residential status and tax liability. Planning ahead helps:

· Reduce total taxation
· Avoid double taxation
· Optimize income and investments across countries

Notices may be routine or compliance-related. Representation by a qualified tax advisor is recommended to:

· Draft replies professionally
· Submit documentation on time
· Avoid penalties

FinPracto provides complete support for scrutiny, reassessment and appeals.

Call Us WhatsApp Email Us WhatsApp Community