NRI/OCI/PIO
SERVICES IN INDIA & FATCA/ FBAR
DEFINITION OF AN NRI
Residential status as per Foreign Exchange Management Act (FEMA) and the Income Tax Act can be different. And that can lead to some amount of confusion.
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The Income Tax Act looks at the matter only mathematically, to decide whether you qualify as a Resident or Non-Resident. However, FEMA take into consideration the intent as well.
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Income Tax Act
The Income Tax Act decides how the income from various investments will be taxed. For instance, the provisions of the Income Tax Act will decide how income from NRE or NRO deposits, and Indian & global income, will be taxed.
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FEMA
FEMA decides where you can invest. For instance, you can open NRE or NRO Accounts if you qualify as a Non-Resident Indian (person of Indian origin residing outside India) as per FEMA.
Your resident status as per the Income Tax Act is irrelevant when it comes to deciding whether you can make a particular investment in India.
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FATCA compliance consultancy:
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Services for US taxpayers holding financial assets outside of the US.
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FBAR consultancy:
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Reporting of certain foreign financial accounts, such as bank accounts, brokerage accounts and mutual funds, to the Treasury Department,US.
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Ancestral or self-acquired property sale/income in India:
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Repatriation of sales proceeds outside India (up to 1 Million USD per financial year).
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Filing of 15CA and 15CB forms.
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Lower rate withholding tax certificate on sale of the property.
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Repatriating NRE/NRO account balances/income earned in India.
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Taxation services:
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Tax planning.
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PAN/TAN application.
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Filing of Income Tax returns.
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Capital Gain computation.
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Advice & guidance for claiming back withheld taxes.
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Tax planning to reduce tax burden.
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DTAA guidance.
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Tax compliance & representation before taxation authorities.
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Seafarer taxation.
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Other taxation services.
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Filing of Income Tax returns.
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DTAA guidance.
Asset (property, investments, and business) retention/disinvestment:​
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Retain/disinvest assets acquired outside India.
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Re-invest outside India the income/sale proceeds thereof.
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Other services:
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Facilitate clearance required (under FEMA) from the Reserve Bank of India (RBI) to continue holding assets outside India.
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Reinvestment of sale proceeds from assets acquired outside India.
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Plan residential status as defined by FEMA, and Income Tax services.
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Plan tax liability in India.
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Make fresh investments in businesses outside India.
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Consultancy on bank accounts/investments in India.
Asset (property, investments, and business) retention/disinvestment:​
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Retain/disinvest assets acquired in India.
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Repatriate the income/sale proceeds thereof.
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Other services:
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Obtain clearance required (under FEMA) from the Reserve Bank of India (RBI) to continue holding certain assets in India.
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Facilitate repatriation of sale proceeds and income of assets held in India.
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Plan tax liability in India.
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Monitor, record and report on investments in India.
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Consultancy on his existing resident bank accounts in India.
NRI/OCI/PIO Services & FATCA/ FBAR
Returning NRI Services
Expatriate Services
Immigrating Indian/New NRI Services
OUR NRI/OCI/PIO SERVICES
Tax Registration & Planning
Tax Compliance & Representation before Tax Authorities
Assessments & Appeals
TDS/TCS Returns & Refunds
Capital Gain Computation
DTAA Consultancy
PAN/TAN Application
Facilitate Clearances from the RBI
