NRI Tax Consultancy Services in India
Comprehensive services for Non-Resident Indians with expert guidance on taxation, compliance, and financial planning
Our NRI Services
Comprehensive range of services tailored for Non-Resident Indians
NRI Taxation Services
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NRI Property Sale In India
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Lower Rate of TDS
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15CA-15CB Forms for Remittances
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NRI Compliances & Disclosures
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NRI Investment In India Consultancy
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NRI Returning To India Consultancy
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Estate Planning For NRI
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DTAA Consultancy
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Types Of NRI Bank Accounts
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Frequently Asked Questions
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NRI Taxation Services
Complete tax solutions and advisory services for Non-Resident Indians
Introduction to NRI Taxation Services
Definition of NRIs: Individuals who are citizens of India or Persons of Indian Origin (PIO) but are not Residents of India.
Importance: 95% of NRIs maintain residences, properties, investments, and businesses in India, making it essential to understand Indian tax implications.
CA Atul Mangal & Co.: Highlighted as trusted partners for over two decades, providing personalized solutions for NRI & OCI clients.
Expertise: The team specializes in NRI tax advisory services to reduce tax burdens, ensure adherence to Indian tax regulations, and guide NRIs through complex tax structures for investments and businesses, advising on tax-efficient remittance methods.
Commitment: Dedicated to providing personalized and professional assistance to help NRIs navigate complexities, ensure compliance, and achieve peace of mind.
Benefits of our NRI Tax Planning Services
Aims to assist non-resident Indians in achieving financial objectives, ensuring compliance, and optimizing tax benefits.
Services are tailored to provide a deep understanding of international tax laws to minimize tax liabilities.
Clients can capitalize on exemptions and deductions through the expertise of NRI tax consultants.
Our NRI Taxation Services
Core Services
Filing of Income Tax Returns (ITRs)
For individuals or businesses, with assistance in claiming tax refunds.
Property Sale Tax Planning
Capital Gains from property sales in India are taxable regardless of the country of residence. Specialized tax experts provide tailor-made solutions to claim exemptions under sections 54, 54F, 54EC, etc. Includes planning the date of moving out of or back to India to minimize tax liability.
Avoiding Double Taxation
Assistance in pursuing DTAA (Double Taxation Avoidance Agreement) relief between the two countries (country of residence and country of source of income).
Income Tax Scrutiny & Audits
Assistance in income tax scrutiny and assessment/audits.
Remittances Advisory
Assistance in sending money to India via approved remittance channels for accurate reporting and future repatriation of funds. NRIs can repatriate up to USD 1 million per calendar year, provided applicable income tax is paid.
Additional Services
Investment Consultancy
For claiming income tax deductions available under section 80. Common investment options: Public Provident Fund, Life Insurance, Specified FDs, Repayment of Principal amount of Home Loan.
Representation Services
Related to Income Tax Authorities, CIT (A), and Appeals for tax notices received by clients.
FEMA Compliance
Assistance in complying with Foreign Exchange Management Act (FEMA) regulations for foreign remittances, including certification services under FEMA/Income Tax.
Comprehensive Services
- • Tax optimization
- • Advance tax planning
- • Housing loan advice
- • Investment planning
- • Application of PAN CARD, TAN
- • Filling of Income Tax Return
- • Other allied services
NRI Property Sale In India
Comprehensive property sale advisory for Non-Resident Indians
The Indian real estate market is a rewarding investment for both Resident Indians and NRIs. However, selling, purchasing, or managing property in India can be confusing for NRIs. CA Atul Mangal & Co. specializes in providing comprehensive NRI property sale services.
Why Choose Us for Selling Property in India for NRI
We Also Offer Specialized Solutions to Specific Situations Like:
Computation of the Tax Liability
Capital gains from property sales by NRIs are taxable in India. The tax rate depends on the holding period:
If held for more than 2 years:
Long Term Capital Gain, taxed at 20%
If held for 2 years or less:
Short Term Capital Gain, taxed at the slab rate based on the NRI's total income
Lower/ NIL TDS for NRI Selling Property In India
TDS (Tax Deducted at Source) provisions for NRI, OCI, and Foreign Residents under Section 195 of the Income Tax Act:
Long-term capital assets:
20% TDS rate
Short-term capital assets:
30% TDS rate
Actual tax liability is often lower than the proposed TDS amount. To avoid fund blockage, a "lower deduction TDS certificate" (or TDS exemption certificate u/s 197 of the Act) can be obtained by filing Form No. 13 online.
Claiming a Refund of the TDS Deducted
If a lower/NIL TDS certificate isn't obtained, an NRI can claim a refund by filing an income tax return in India for the excess TDS paid.
Tax Exemptions Options
NRIs have multiple exemption options to minimize tax liability, depending on their financial goals and requirements.
Section 54 (Exemption for House Property)
NRIs can claim an exemption on Long-Term Capital Gain from the sale of a house property in India. The capital gains must be invested in one of two ways:
Purchasing another residential house:
1 year before or 2 years after the sale
Constructing a new residential house:
Within 3 years after the sale
The amount of capital gain invested will be exempted.
Section 54 EC (Exemption for Bonds)
This option allows saving taxes by investing capital gains into specific bonds within 6 months of the property sale. Eligible bonds are issued by:
National Highway Authority of India (NHAI)
Rural Electrification Corporation of India (REC)
Power Finance Corporation Ltd. (PFC)
These bonds are redeemable after 5 years and must not be sold before this period. The invested capital gains are exempt from tax.
Section 54 F (Exemption for Other Capital Assets)
This exemption applies to Long Term capital gain from the sale of any capital asset other than a residential house property.
The NRI must purchase a house property (1 year before transfer, 2 years after transfer, or construct one within 3 years after transfer).
The purchased property must be in India and not sold within 3 years of purchase or construction.
The entire sale receipt must be invested for full exemption; otherwise, the exemption is proportionate.
CA Certificates like 15CA and 15CB for Remittance of Funds Outside India
We provide support in filing Forms 15CA and 15CB for remitting funds outside India.
Form 15CA:
A declaration of remittance furnished by the remitter to the authorized dealer bank, detailing remitter, beneficiary, purpose, amount, and TDS.
Form 15CB:
A certificate from a Chartered Accountant, obtained by the remitter, certifying that the payment is not taxable in India or that TDS is correctly deducted, and that the remittance complies with the Income Tax Act, 1961, and the Double Taxation Avoidance Agreement (DTAA).
Lower Rates of TDS
Lower/ NIL TDS for NRI Selling Property In India
In the case of NRI, OCI and Foreign Resident, on sale of property in India, TDS provisions have been specified u/s 195 of Income Tax Act.
As per this section rate of TDS is 20% of sale consideration if the property is long term capital assets or it is 30% of sale consideration if the property is short term capital assets.
As against such proposition under the law, generally on all property sale transactions actual tax liability of the seller is lesser than the proposed TDS amount. To overcome blockage of funds, with tax department, income tax law provide for lower deduction TDS certificate also known as TDS exemption certificate u/s 197 of the Act. Such certificate can be obtained by way online filing of form No. 13 to the jurisdictional officer along with requisite documents.
We provide services to take Lower rate of TDS certificate from income tax department. It avoids hassles of getting huge refunds.
Our Services
- Preparation & filling of application for lower TDS
- Advisory services on Lower TDS rate
- Services required by NRI in case of he is Buyer of Property
- Other miscellaneous services
Benefits
Avoid Fund Blockage
Prevents unnecessary blocking of funds with the tax department by obtaining lower TDS rates.
Reduce Refund Hassles
Eliminates the need to wait for large tax refunds by paying only the actual tax liability.
Professional Support
Complete assistance with documentation and application process for lower TDS certificate.
15CA-15CB FORMS FOR REMITTANCES
CA Certificates for remittance of funds outside India
Introduction to 15CA and 15CB
CA Certificates like 15CA and 15CB are for remittance of funds outside India. We provide support in filing these forms, which are related to remitting money to a non-resident or a foreign entity.
Form Descriptions
Form 15CA
Definition: A declaration of remittance required to be furnished by the remitter (person making payment to a non-resident) to the authorized dealer bank before making the payment.
Contains: Details such as the remitter's and beneficiary's name and address, purpose and amount of remittance, and tax deducted at source (TDS), if any.
Form 15CB
Definition: A certificate by a Chartered Accountant required to be obtained by the remitter from a chartered accountant before making a payment to a non-resident.
Certifies: That the payment is not chargeable to tax in India or that tax has been deducted at the appropriate rate. Confirms remittance is in accordance with the Income Tax Act, 1961, and the Double Taxation Avoidance Agreement (DTAA) between India and the non-resident's country.
Additional Forms & Requirements
Foreign Remittance Declaration Form A2
A document used in India for transferring money abroad. A mandatory form to be submitted to the authorized dealer (bank or financial institution authorized by the Reserve Bank of India) for any outward remittance of foreign exchange.
Mandatory Requirement
For remittances outside India, filling Form 15CA-15CB is a mandatory requirement for the income tax department.
Services Offered by Atul Mangal & Co.
Core Services
- Preparation of 15CA-15CB for remittances from India
- Consultancy on 15CA-15CB form
- Help for Remittance between NRO to NRE A/c
- Help for Remittance between NRO to Overseas A/c
Additional Support
- FEMA Regulations Compliance
- NRI Repatriation Assistance
- Documentation Support
- Bank Coordination
FEMA Regulations and NRI Repatriation
We provide assistance in complying with Foreign Exchange Management Act (FEMA) regulations related to foreign remittances.
NRI Repatriation Limit: NRIs can repatriate up to USD 1 million per calendar year, provided they've paid the applicable income tax.
Key Benefits:
- • Complete compliance with Indian tax laws
- • Professional CA certification
- • Streamlined remittance process
- • Expert guidance on FEMA regulations
- • Support for all types of remittances
NRI Compliances & Disclosures
Comprehensive compliance services including FATCA, CRS, and WDF requirements
Introduction
We offer various financial, legal and other services to Non-Resident Indians, who are individuals of Indian origin living abroad. These service providers are subject to specific disclosures and compliances to ensure transparency, protect the interests of their clients, and adhere to regulatory requirements.
FATCA/CRS
The US government introduced FATCA or Foreign Account Tax Compliance Act in 2009. The primary goal of this act is to prevent US persons from parking their wealth outside the US to avoid taxation. The US government has signed agreements with many countries, which makes it mandatory for the other countries to share details of such investments by US nationals.
The Indian government agreed to implement the FATCA in 2015 by way of inter-government agreement between India and USA.
Any NRI living in USA and investing in Indian assets will have to adhere to the Foreign Account Tax Compliance Act (FATCA) laws. These legislations require financial institutions to declare details of accounts held by US taxpayers. FATCA also requires a self-declaration from NRIs living in the USA while making investments in India.
The Indian government made it mandatory for all NRI investors from the US to self-declare FATCA compliance through Form 61B, as per Rules 114F and 114H of the Income Tax Rules, 1962. There are alternate procedures available as well.
We can help with meeting end to end requirements for FATCA and CRS disclosures.
Worldwide Disclosure Facility (WDF)
Worldwide Disclosure Facility (WDF) is being used to disclose a UK tax liability that relates wholly or part to an offshore issue.
WDF does not offer such favourable terms but it is still in your benefit to disclose as soon as possible to avoid hefty penalties. It can be used by any person who needs to disclose a UK tax liability in relation to an offshore income or gain. The same applies for all tax years up to and including 2023/24.
Lower Rates of TDS
Lower/ NIL TDS for NRI Selling Property In India
In the case of NRI, OCI and Foreign Resident, on sale of property in India, TDS provisions have been specified u/s 195 of Income Tax Act.
As per this section rate of TDS is 20% of sale consideration if the property is long term capital assets or it is 30% of sale consideration if the property is short term capital assets.
Our Services Include:
- FATCA Compliance
- CRS Disclosures
- WDF Compliance
- Documentation Support
- Lower TDS Certificate Services
NRI Investment In India Consultancy
Expert investment advisory services for Non-Resident Indians
Introduction
India's substantial industrial growth over the last two decades has made it appealing for foreign direct investments (FDI). NRIs are considering India as a viable destination for earning profits by investing in various sectors.
The Indian market offers diverse investment options like Real Estate, equities, mutual funds, fixed deposits, and debt funds for wealth creation.
The firm helps NRIs manage their capital, banking services, and investments in India by providing timely advice and suggesting suitable financial products.
Services Offered
Core Investment Services
Real Estate Advisory
Provides comprehensive guidance on the sale and purchase of properties, aiming for informed decisions and optimal returns for clients.
Strategic Partnerships
Establishes partnerships with underwriters to offer tailored deals and ensure the highest possible return on investments.
Tax Advisory
Offers advice on tax implications for various investment options, including:
- • Equity-linked savings schemes (ELSS)
- • Unit-linked insurance plans (ULIPs)
- • Tax-free bonds
- • Real estate investment trusts (REITs)
- • Mutual funds
- • National Pension System (NPS)
- • Fixed deposits (FDs)
- • Public Provident Fund (PPF)
Support Services
Compliance Services
Covers disclosure requirements for FATCA, FINCEN, CRS, and WDF.
Recovery Services
Focuses on the recovery of unclaimed shares and fixed deposit receipts (FDRs).
Investment Planning
Strategic investment planning and advisory services tailored to your financial goals and risk profile.
Portfolio Management
Comprehensive portfolio management services to optimize returns and manage risk across various investment categories.
NRI Returning To India Consultancy
Comprehensive consultancy for Non-Resident Indians returning to India
Introduction
Indian Citizens go abroad for employment (Non-Resident Indians 'NRI'). Many of them obtain foreign citizenship also (Person of Indian Origin 'PIO'). Many of these NRIs, OCIS, PIOs or their children, due to their roots in India or various other reasons, plan to come back to India. Also, many foreign citizens come to India for business or employment also.
In these circumstances, it is important for them to know and understand the Indian regulations with regard to Income Tax as well Foreign Exchange Laws.
We offer the following services:
Tax Planning & Compliance
- Planning the date and month of return to India so as ensure minimum tax liability in the year of return (i.e. April to March)
- Compliance in respect of the Indian Income-tax Act, 1961 e.g. application for PAN in case you do not have a PAN
- Plan tax liability in India
- Assistance in Filing Return of Income
Bank Account & Asset Management
- Conversion of NRO & NRE Deposits into Resident Account
- Conversion of Foreign Currency to Non- Resident (FCNR) A/c to Rupee Account or RFC A/c
- Procedure for re-designation of all Indian bank accounts
- Opening of 'Resident foreign currency' (RFC) account
Additional Services
- Compliances regarding repatriation of assets to India
- Facilitate re-investment of sale proceeds of assets acquired outside India
Key Benefits:
- • Smooth transition to resident status
- • Optimal tax planning
- • Complete compliance with Indian laws
- • Asset repatriation support
- • Professional guidance throughout
Estate Planning For NRI
Comprehensive estate planning services for Non-Resident Indians
Introduction
A majority of Resident Indians/NRIs lack a professionally written will, with numbers closer to 82%+. There's a misconception that "Estate Planning" is only for wealthy people.
Millions in India die without an estate plan, leading to families facing high costs and delays in court due to Succession Certificate/Probate proceedings. Challenges are greater for NRIs due to assets in multiple geographic locations (India and their country of residence).
What exactly is Estate Planning?
"Estate planning means having a plan to ensure that people or entities whom one wishes to pass on the estate receive them in the manner intended"
Estate planning aims to eliminate uncertainties over administration and maximize the value of the estate by reducing taxes and other expenses.
Our Services
Estate Planning Drafting/ Redrafting/ Reviewing services
We can help you draft:
Property Matters Drafting Services
Advisory On
At our Firm, we understand that NRI taxation can be complex and confusing. That's why we offer personalized services tailored to your specific needs and circumstances. Our team of experts has a deep understanding of NRI taxation laws and regulations, and we are committed to providing the highest level of service to our clients.
Double Taxation Avoidance Agreement Consultancy
Expert DTAA consultancy for Non-Resident Indians
Introduction to Double Taxation
Income can be subject to double taxation when it is taxed both in the country where it's earned, often referred to as the 'source country,' and in the country where the person earning the income resides, known as the 'residence country.' For instance, consider a scenario where a Non-Resident Indian (NRI) resides in the USA but earns income in India. In such cases, the NRI is liable to pay taxes on their income both in the source country, India, and in their residence country, the USA.
Definition of Double Taxation Avoidance Agreement (DTAA)
Double Taxation Avoidance Agreement Double Taxation means the same income getting taxed twice in hands of same assesse. Any country taxes income on the basis of two rules i.e. Residence Rule & Source Rule. Double Taxation is possible when assesse is Resident of one country & derives income from another country.
Provisions for Elimination of Double Taxation by DTAA
DTAA makes provision for elimination on double taxation in one of the following manner:
Exclusive Taxing Rights
Granting exclusive right to tax to one of the countries.
Limited Tax Rates
Granting taxing rights to both countries but making a provision for limiting the rate of taxation of each country.
Tax Credit
Granting right to resident of another country to obtain credit for taxes paid in the source country.
Our Services
DTAA Advisory Services
Client Base
- Indian Clients
- Multinational Clients
- Non-Resident Indians (NRIs)
Service Areas
- DTAA Advisory Services
- Tax Compliance Services
- Tax Management Services for NRIs
Our Expertise
We at CA Atul Mangal & Co. offer DTAA advisory and tax compliance services to both Indian & Multinational Clients. And provide tax management services to NRIs too, by following the jurisdiction of the Indian laws and regulations along with overseas countries & Double Taxation Avoidance Agreements (DTAA).
Types of Bank Accounts an NRI can open
Comprehensive guide to bank accounts available for Non-Resident Indians
Introduction
NRIs can open, hold, and maintain accounts with an authorized dealer in India. There are three main types of accounts available:
1. NRO Account
Non-Resident (Ordinary) Rupee Account
2. NRE Account
Non-Resident (External) Rupee Account
3. FCNR (B) Account
Foreign Currency Non Resident (Bank) Account
Salient Features Comparison
| Particulars | FCNR (B) Account | NRE Account | NRO Account |
|---|---|---|---|
| Joint account of two or more NRIs | Permitted | Permitted | Permitted |
| Joint account with another person resident in India | Not permitted | Not permitted | Permitted |
| Currency in which account is denominated | Pound Sterling/ US Dollar/Jap.Yen/Euro | Indian Rupees | Indian Rupees |
| Repatriability - Principal | Freely repatriable | Freely repatriable | Not repatriable (except current income like rent, dividend, pension etc.) |
| Interest | Freely repatriable | Freely repatriable | Freely repatriable |
| Foreign currency risk | Account holder is protected against changes in INR value | Account holder is exposed to fluctuations in INR value | Account holder is exposed to fluctuations in INR value |
| Type of accounts | Term deposits only | Current, Savings, Recurring, Fixed Deposits | Current, Savings, Recurring, Fixed Deposits |
| Period of fixed deposits | 1 year to 3 years | As announced by bank | As announced by bank |
| Rate of interest | Banks free to determine within RBI ceiling | Banks free to determine | Banks free to determine |
| Rupee Loans in India against Security | Permitted (Account holder & Third Party) | Permitted (Account holder & Third Party) | Permitted (Account holder & Third Party) |
| Foreign currency loans outside India against Security | Permitted (Account holder & Third Party) | Permitted (Account holder & Third Party) | Not permitted |
FCNR (B) Benefits
- Exchange rate protection
- Foreign currency denomination
- Fully repatriable
NRE Benefits
- Tax-free interest
- Fully repatriable
- Multiple account types
NRO Benefits
- Indian income management
- Joint account with residents
- Multiple account types
Frequently Asked Questions
Comprehensive answers to common questions about NRI services
Q1: Who is a Non-Resident Indian (NRI)?
An NRI is an Indian citizen who resides outside India for employment, business, or any other purpose indicating an indefinite stay abroad.
Q2: What is the difference between NRI, PIO, and OCI?
NRI (Non-Resident Indian): An Indian citizen residing outside India.
PIO (Person of Indian Origin): A foreign citizen (except a national of Pakistan, Afghanistan, Bangladesh, China, Iran, Bhutan, Sri Lanka, and Nepal) who:
- • Held an Indian passport at any time, or
- • Whose parents or grandparents were Indian citizens, or
- • Is a spouse of an Indian citizen or PIO.
OCI (Overseas Citizen of India): A foreign national who was eligible to become an Indian citizen on January 26, 1950, or belonged to a territory that became part of India after August 15, 1947, or is a child or grandchild of such a person.
Q3: Can NRIs buy property in India?
Yes, NRIs can purchase residential and commercial properties in India. However, they are generally not permitted to buy agricultural land, plantation property, or farmhouses.
Q4: What are the tax implications for NRIs selling property in India?
NRIs are subject to capital gains tax on the sale of property in India:
- • Short-term capital gains: If the property is held for 2 years or less, gains are taxed at the applicable income tax slab rates.
- • Long-term capital gains: If held for more than 2 years, gains are taxed at 20% with indexation benefits.
Q5: Is TDS applicable when an NRI sells property in India?
Yes, the buyer must deduct TDS at:
- • 20% on long-term capital gains.
- • 30% on short-term capital gains.
NRIs can apply for a lower or nil TDS certificate from the Income Tax Department to reduce the TDS rate.
Q6: How can NRIs repatriate funds from the sale of property in India?
NRIs can repatriate up to USD 1 million per financial year from the sale proceeds of immovable property, subject to certain conditions:
- • The property was acquired per FEMA regulations.
- • Applicable taxes have been paid.
- • A certificate from a Chartered Accountant in Form 15CB and submission of Form 15CA to the bank are required.
Q7: What is the residential status for tax purposes in India?
An individual's residential status is determined based on their physical presence in India during a financial year:
- • Resident: Stays in India for 182 days or more during the financial year.
- • Non-Resident: Stays in India for less than 182 days during the financial year.
Q8: When should an NRI file an income tax return in India?
NRIs must file an income tax return in India if their total income earned or accrued in India exceeds ₹2.5 lakh in a financial year. The due date for filing is typically July 31 of the assessment year.
Q9: Is income earned abroad taxable in India for NRIs?
For NRIs, income earned outside India is not taxable in India. However, income received or accrued in India, such as rent from property, interest on bank accounts, or capital gains from asset transfers, is taxable in India.
Q10: How does residential status affect tax liability in India?
Residents are taxed on their global income in India, while NRIs are taxed only on income earned or accrued in India.
Q11: Can someone else file my income tax return in India on my behalf?
Yes, NRIs can authorize a representative in India through a Power of Attorney to file their income tax returns.
Q12: What should NRIs do with their existing bank accounts in India when moving abroad?
NRIs should convert their resident savings accounts to Non-Resident Ordinary (NRO) accounts to manage income earned in India, such as rent or dividends. They may also open Non-Resident External (NRE) accounts for income earned abroad.
Q13: How does the Double Taxation Avoidance Agreement (DTAA) benefit NRIs?
DTAA prevents NRIs from being taxed twice on the same income in India and their country of residence. It allows for tax credits or exemptions, depending on the agreement between India and the respective country.
Q14: Are NRIs required to pay advance tax in India?
Yes, if an NRI's tax liability in India exceeds ₹10,000 in a financial year, they are required to pay advance tax. Failure to do so may attract interest under Sections 234B and 234C of the Income Tax Act.
Q15: How can NRIs make payments for acquiring immovable property in India?
NRIs can make payments through:
- • Inward remittances from abroad through normal banking channels.
- • Debit to their NRE/NRO/FCNR (B) accounts.
Payments cannot be made through traveler's cheques or foreign currency notes.
Q16: What loan options are available to NRIs in India?
NRIs can avail various loans, including:
- • Housing loans.
- • Car loans.
- • Loans against NRO, NRE, and FCNR (B) fixed deposits.
- • Loans against securities or immovable property.
Q17: Is there a limit on the amount NRIs can remit to beneficiaries in India?
There is no specific limit on the amount NRIs can remit to beneficiaries in India. However, they should comply with the regulations of their country of residence and Indian laws.
Q18: Is the amount in Resident Foreign Currency (RFC) accounts fully repatriable?
Funds in RFC accounts are fully repatriable if the account holder regains NRI status. If the account holder is a Resident but Not Ordinarily Resident (RNOR) or a resident Indian, repatriation is subject to applicable laws.
Q19: Which type of funds can be deposited in NRO account?
Funds as detailed hereunder can be deposited to NRO account:
- • Transfer from another Resident Indian / NRE / NRO / FCNR (B) account
- • Fresh remittance from abroad through banking channel
- • Personal cheques drawn on foreign account
- • Proceeds of Foreign Currency Notes / Travellers cheques tendered by NRI / PIO / OCI, while visiting India. Amounts in excess of USD 5000 (or equivalent) in currency or USD 10,000/- (or equivalent) in traveller's cheques should be accompanied by a Currency Declaration Form
- • Interest, dividend and maturity proceeds of investments made in India etc. on non-repatriable basis
Q20: Which type of Incomes are taxable to NRI, RNOR and ROR?
The following chart highlights the tax incidence in case of different persons:
| Nature of income | ROR (*) | RNOR (*) | NR (*) |
|---|---|---|---|
| Income which accrues or arises in India | Taxed | Taxed | Taxed |
| Income which is deemed to accrue or arise in India | Taxed | Taxed | Taxed |
| Income which is received in India | Taxed | Taxed | Taxed |
| Income which is deemed to be received in India | Taxed | Taxed | Taxed |
| Income accruing outside India from a business controlled from India or from a profession set up in India | Taxed | Taxed | Not taxed |
| Income other than above (i.e., income which has no relation with India) | Taxed | Not taxed | Not taxed |
Professional NRI Services
We are providing specialized & personalized services in NRI taxation as we have the exposure of dealing Non-residents for about 2 decades
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Contact our NRI specialists for comprehensive guidance and support
Send Us a Message
Contact Information
Phone Numbers
+91 9212007566 / 9310221602
011-41620109 / 011 49950109
Email Addresses
atul@camangal.com
info@camangal.com
Office Address
A-19-B, D D A Flats Munirka, New Delhi-110067
Need Expert NRI Tax Services?
Get specialized guidance for Non-Resident Indian taxation matters. Our experienced team has been serving NRIs for over 2 decades with personalized solutions.