Tax Advisory Services
Tax Advisory Services
Our expertise with NRI tax planning and know-how helps clients make informed decisions about their specific strategic / financial needs and discover optimal ways to effectively understand the challenges of the transactions with a review of their tax risks.
We have both the experience and acumen to assist NRI clients through a wide range of services to ensure compliances with the laws of India including taxation laws, FEMA Laws with a well-optimised tax position. Our dedicated team of tax experts work closely with clients to provide well thought-through and effective solutions to optimize their tax planning.
Some key aspects of our Tax Advisory Services include
Tax Diagnostic Review
Our team provides strategic tax planning to minimize the tax liability of NRIs while ensuring compliance with tax laws. This includes optimizing investments, structuring assets and income in tax-efficient ways, critical analysis of tax laws and compliances, identifying country and deal-specific tax risks and opportunities.
Tax Residency Determination
We assist NRIs determine tax residency status in India. The residential status of taxpayers play a key role in determining the scope of taxable income (Indian income/foreign income) for a financial year.
Double Taxation Relief
We assist NRIs to evaluate the tax reliefs and compliances from the perspective of Double Taxation Avoidance Agreement entered by Government of India with various countries. This avoids being taxed on the same income in multiple jurisdictions or claiming the relief in India.
Property Taxation
For NRIs owning property in India, we offer guidance on property taxation, including rental income taxation, capital gains tax on transfer of property, valuations, due-diligence and various incidental compliances with property-related tax regulations.
Foreign Asset Reporting
We advise NRIs on their reporting obligations for foreign assets, including bank accounts, investments, and other financial holdings, ensuring compliance with relevant reporting requirements such as FBAR (Foreign Bank Account Report), FATCA (Foreign Account Tax Compliance Act), Transfer Pricing and Black Money Act.
Inheritance and Gift Taxation
We provide guidance on the tax implications of inheriting assets or receiving gifts from overseas, helping clients understand their tax obligations and any available exemptions or reliefs.
Compliance and Filings
Our team assists NRIs in fulfilling their tax filing obligations in India, including computing taxable income and taxes, preparing and filing annual tax returns & withholding tax returns, , and maintaining appropriate documentation to support their tax positions.
Repatriation of Funds
We help the NRIs to prepare and execute the set of documents required such as Form 15CA, Form 15CB, Tax Exemption Certificate, Form A2 and Outward Remittance Form, FEMA Declaration and Transfer Request, documentary proof of source of money and payment of applicable taxes and any other documentary proof required by AD Bank.
Tax Dispute Resolution
This includes representation on behalf of NRIs and assisting them in resolving such matters through, appeals, rectifications, revisions, dispute resolution, compounding, settlement, or other appropriate channels as envisaged under the Indian laws.