NRI Tax Filling Services
Even if your income doesn’t exceed the limit, filing might be necessary to claim refunds or carry forward losses.
Several types of income generated within India are taxable for NRIs:
● Rental Income: Income earned from renting out a property situated in India.
● Capital Gains: Profits from selling assets in India, such as property, shares, or mutual funds. This includes gains from the sale of inherited property.
● Interest Income: Interest earned from Indian savings accounts, fixed deposits (FDs), or NRO accounts. (Note: Interest from NRE accounts and FCNR deposits is generally tax-exempt.)
● Salary Income: Salary received in India or salary for services rendered in India.
● Income from Business/Profession: Profits generated from a business controlled or a profession set up in India.
Ignoring your tax filing for NRI in India obligations can lead to several negative consequences:
● Penalties: Late filing fees and interest charges can be levied under sections 234F, 234A, 234B, and 234C of the Income Tax Act.
● Loss of Refunds: If you are due a Tax Deducted at Source (TDS) refund, you cannot claim it without filing an ITR.
● Inability to Carry Forward Losses: Losses (e.g., capital losses) cannot be carried forward to offset future gains if the return is not filed on time.
● Scrutiny and Notices: Non-filing can attract attention from the Income Tax Department, leading to notices and potential scrutiny.
● Difficulty in Repatriation: Compliance proof might be needed for certain fund repatriations.
● Residential Status Assessment: Accurately determining your status (NRI, RNOR, Resident) based on your stay in India, which is crucial for tax liability.
● ITR Filing: Preparing and filing the correct ITR form (e.g., ITR-2 for capital gains/rental income, ITR-3 for business income) based on your income sources.
● Accurate Tax Computation & Documentation: Calculating your exact tax liability considering all deductions and exemptions, ensuring proper documentation.
● TDS Refund Assistance: Efficiently handling the process to claim any TDS refunds you are entitled to./span>
● Double Taxation Relief (DTAA): Assisting with Form 67 submission and applying relevant Double Taxation Avoidance Agreement (DTAA) provisions for double taxation relief for NRIs, ensuring you don’t pay tax twice on the same income.
● Coordination for DSC: Assisting in obtaining or using a Digital Signature Certificate (DSC) if required for e-filing.
● Tax Planning Advisory (Optional): Guiding structuring investments and transactions to optimize your tax position legally.
2. Submit Documents Digitally: Securely upload the required documents through our online portal.
3. Tax Return Preparation by CA: Our Chartered Accountant team prepares your tax return accurately.
4. Review & Approve Filing: We share the prepared return for your review and approval.
5. Filing, Acknowledgment & Support: We e-file your ITR, provide the acknowledgment (ITR-V), and offer support for tracking refunds.
● PAN Card copy
● Passport copy (for residential status verification)
● Indian Bank Account Statements (NRE/NRO/Savings)
● Details/documents related to Indian income (e.g., Rent agreements,
● Sale deeds for property, Broker statements for capital gains)
● Investment proofs/documents
● Form 16A/TDS Certificates (if tax has been deducted)
● Form 26AS Tax Credit Statement
● Details of Foreign Income and Taxes Paid (if claiming DTAA relief)
● Copy of previous ITR filed in India (if any)
● NRIs earning rental income from Indian property.
● NRIs with capital gains from selling property, shares, or mutual funds in India.
● NRIs who have sold inherited property in India.
● NRIs investing in the Indian stock market or mutual funds.
● NRIs who need to claim TDS refunds deducted on their Indian income.
Individuals transitioning from Resident to NRI status or Returning NRIs (RNOR status).
● 100% Online Process: File your taxes from anywhere in the world, conveniently.
● Affordable & Transparent Pricing: No hidden costs, clear service charges.
● Quick Turnaround Time: Efficient processing to meet deadlines.
● Dedicated Post-Filing Support: Assistance with queries, acknowledgments, and refund tracking.
1. Is it mandatory for NRIs to file income tax returns in India?
Yes, NRIs must file income tax returns in India if their total income earned or accrued in India exceeds ₹2.5 lakhs in a financial year. Even if TDS has been deducted, filing is necessary for claiming refunds or carrying forward losses.
2. Which income is taxable for NRIs in India?
Only income earned or received in India is taxable for NRIs. This includes:
● Rent from property in India
● Capital gains from selling Indian assets
● Interest earned on Indian bank accounts (except NRE accounts)
● Dividends from Indian companies
3. Which ITR form should NRIs use for filing tax returns?
Most NRIs should file ITR-2 (if no business income). If they have business/professional income in India, ITR-3 may apply.
4. Can NRIs file their income tax returns online from abroad?
Yes. The entire process—from document submission to e-verification—can be done 100% online, making it convenient for NRIs to file taxes from anywhere in the world.
5. Do NRIs need an Aadhaar card to file taxes in India?
As per recent CBDT guidelines, NRIs are not mandatorily required to have an Aadhaar card if they are not resident in India. However, if they have one, it should be linked to PAN.
6. Can NRIs claim a refund for TDS deducted in India?
Yes, NRIs can claim a refund for excess TDS deducted on rental income, capital gains, or interest by filing their income tax return.
7. How can NRIs avoid double taxation on foreign income?
India has Double Taxation Avoidance Agreements (DTAA) with multiple countries. NRIs can avail benefits by filing Form 67 and providing tax paid proofs in the foreign country.
8. What is the due date for NRI tax filing in AY 2024-25?
The due date for filing ITR for AY 2024-25 (FY 2023-24) is 31st July 2024 for individuals who do not require audit.
9. Can an NRI file a belated return after the due date?
Yes, an NRI can file a belated return till 31st December 2024 for AY 2024–25. However, late fees may apply.
10. Is income from mutual funds and shares taxable for NRIs in India?
Yes. Capital gains from Indian mutual funds and shares are taxable. The tax rate depends on the holding period and type of asset. TDS is also applicable on such transactions.
