India Taxes

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  • Form ITR Individual Tax Returns in India (Non residents or Residents) for NRI (Non Resident Indians) and OCI (overseas citizens of India)
  • Tax planning on Double Taxation and global reporting impact compliance 
  • Guidance on (Foreign Exchange Management Act (FEMA) rules such as with bank accounts and remittance
 

Standard: India Income Only ($ 99 = INR 8000)

  • India Salary (Form 16)
  • Download and review of Form 26AS (Summary of TDS, taxes paid etc) , TIS (Taxpayer Information Summary)  and AIS (Annual Information System) for incomes and financial transactions and match to statements from taxpayer
  • Interest Income (Deposits and Savings)
  • Dividends 
  • Capital Gain /Loss (upto 10)
  • Real Estate Rental Income (up to 2)
  • Income from other sources
  • Common Deductions 
  • Gross Income Below 50L INR, no foreign income applicable, Non Resident or Resident but Not Ordinary Resident 

Premium: Standard + Foreign Income Reporting  ($ 149 = INR 12000)

  • Includes all STANDARD INDIA Package Features PLUS
  • Income from Business or Profession
  • Capital Gain/Loss (upto 30)
  • Real Estate Rental Income (upto 5)
  • Review of residential status (ROR, RNOR, NR) and advise on travel planning
  • Interest and Divident (foreign sources)
  • Foreign Real Estate Rental Income
  • Credits for Double Taxation
  • Reporting in ITR for Foreign Assets Disclosures
  • Gross Income over 50L INR and Resident status, involving inclusion of foreign income

Direct and Indirect Tax (GST) for Business

  • Filing India and USA Tax Returns and handling tax notices with tax authorities for partnership firms, and companies
  • Tax Audit under 44AB (Receipts) or 44AD (Presumptive) and Certifications under Income Tax Act or other requirements
  • Goods and Service Tax  (GST) Registration, GST Tax Returns, GST Audit, and GST Advisory including multi-state compliance
  • Services such as Value Added Tax (VAT) Registration, VAT Returns and VAT Audit for products where VAT applies
  • We can also help you with business structure planning and tax consulting to reduce your tax

Knowledge Topics on India Taxation for NRI/OCI

List of Topics in Blog for India

  1. Filing Tax Returns in India by NRI
  2. Tax Deducted at Source (TDS) for NRI
  3. Taxation of US Citizens and Green Cards Living in India
  4. Tax Rates n India, Corporate & Individual
  5. Gifts to and From NRI, Taxability in India’
  6. Rental Income Calc: Differences in USA, India
  7. Capital Gain on Property, India, USA Compared
  8. Taxability of IRA Accounts, USA & India
  9. NRI Taxation Changes from 2020-21
  10. Inherited property & NRI Taxation
  11. Tax residenct Certificate (TRC)
  12. Tax Saving Tips for NRI
  13. NRI – Tax on Investments and Capiatl Gain
  14. NRI – Exemptions from Capital Gains, some cases
  15. NRI – Income exempt from Tax
  16. Tax of NRI being Foreign Company
  17. NRI – Special rates of Tax, in some cases
  18. Tax Agreements – India with USA
  19. Determining NRI Status 0 In Detail

Useful linked articles

  1. Form 15CA 15CB – Remittance to Non Resident 
  2. Section 10 – Income exempt from tax
  3. Income Tax Rates 
  4. Form 13 – Non Deduction/Lower Rate deduction of Tax NRI payments