NRI and HNI Taxation Services In India
Tax Compliance Simplified for all Non-Resident Indians and High Net Worth Individuals!
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Commonly Sought Services
Are you an NRI?
Our services are frequently sought after by NRIs and include:
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Assistance with property sale and purchase transactions (such as obtaining lower TDS certificates)
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Repatriation services (including Form 15CA and 15CB services),
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Filing of income tax returns
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Tax litigation support
Are you an HNI?
Get a Single point of contact (SPOC) for all of your accounting & tax needs.
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End to end accounting for capturing all of your transactions
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Readily available state of affairs all the time
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Tax efficient transaction management
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All Income tax & GST compliances
Why choose us?
Our NRI division is staffed by a dedicated team that specializes in handling matters specifically related to NRIs. We have a team of experts in various fields who provide assistance to NRIs (Non-Resident Indians), OCIs (Overseas Citizens of India), PIOs (Persons of Indian Origin), and expats in matters concerning their tax obligations, RBI regulations, and other laws. HNI’s wandering with different consultants to meet their accounts & tax needs gets over with specialised SPOC with strong team base updating their records on timely basis.
Frequently Asked Questions
All Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), or Overseas Citizens of India (OCIs), are recommended to file their Income Tax Return (ITR) when they have taxable income in India.
Although, as per the Income Tax Act, 1961, NRIs/PIOs/OCIs are mandated to file an ITR in India only if their total annual income in India exceeds:
- INR 5 lakh as per the existing tax regime or
INR 3 lakh as per the new tax regime (As per Finance Act 2023).
Income earned in India is not limited to income earned within the geographical limits or boundaries of the country. Certain incomes are also deemed to have been earned in India although they may have been earned outside the country.
Yes, NRIs are required to pay advance tax if their tax liability for the financial year is expected to exceed INR 10,000.
Yes, NRIs can claim a foreign tax credit for taxes paid in foreign countries on income that is also taxable in India. Credit is available for taxes paid on the same income in both countries, subject to certain conditions.
In case of resident individuals and companies, their global income is taxable in India. However, non-residents must pay tax only on the income earned in India or from a source/activity in India.
If an NRI fails to file an income tax return, they may be subject to penalties, interest, and prosecution under the Income Tax Act. The tax authorities may also initiate proceedings to assess the tax liability and recover the tax due.
Yes, NRIs are eligible for a tax refund in India if their tax liability is less than the tax deducted or paid in advance.
The following documents are required to be submitted:
- PAN card
- Bank account details (for refund purposes)
- TDS certificates (Form 16/16A)
- Foreign bank account details and financial statements, if applicable
- Investment proofs, such as insurance policies, tax-saving mutual funds, etc.
No, NRIs can avail benefits under either DTAA or the domestic tax laws of a country, but not both together.
We at TaxUnplug are a team of best Tax Consultants, Financial Advisors offering Indian Taxation Services, Income tax filing service to the manufacturers, Traders, Dealers and service providers. We are Tax consultants dealing with services in Income Tax, GST, TDS Returns, NRI / HNI Tax Consultation, Income Tax Notice Management, GST Notice Management, Virtual Accounting, Audit Certifications, Project reports, new company incorporation, Partnership registration and other registrations.
We will complete your work at your choice through phone conversation, WhatsApp or E-mail.