Taxation
Services

Taxation Services

Taxation being a highly specialised area requires skills relating to tax planning, documentation and representation. Integritas extends a helping hand for NRIs and PIOs; and provides complete assistance on taxation needs.

Since the earnings made abroad do not come under the Indian Income Tax acts, NRIs cannot be taxed for the same. Your earnings while abroad are completely tax free considering that you do maintain the non-resident status. However if any income or capital gains arise from within Indian shores, you are liable to pay taxes for the same.

Taxable incomes for NRIs include:

  • Salary: Income earned from your salary in India or income received on your behalf is taxable.
  • Property and Assets: Any income or capital gain that you generate from the sale/ rent or lease of a valued property or an asset based in India will be taxed as per the Income Tax rules.
  • Securities and Investments: Income or capital gains from long-term or short term investments are liable to be taxed.

If you are an NRI with your income sourced in India, you have to file your tax returns. Presently, as per Income Tax Act,1961 and Foreign Exchange Management Act (FEMA), you qualify to pay taxes in case you fulfil either of the following conditions:

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  1. Your taxable income in India during a particular financial year is more than the exemption limit of Rs 2.5 lakhs.
  2. You have earned short-term or long term capital gains from sale of any investment or property, even if the gains are less than the exemption limit.

NRIs are taxed as per the tax rate and slabs prescribed for resident Indians below 60 years irrespective of whether he is a senior citizen or not. All NRIs are required to pay taxes in order to avail credit of Tax Deducted At Source (TDS).

Our NRI Tax services includes:

  • Determination of Residential status under domestic law and tax treaty.
  • Analysing the secondment agreement vis a vis service agreement.
  • Tax advisory relating to salary income, capital gain transactions.
  • Assistance in registration and allotment for PAN/TAN.
  • Preparation and filing of India tax return and mechanics of elimination of double taxation.
  • Advisory relating to foreign exchange regulations applicable for NRI and expatriate.
  • Advisory on compliance and procedures to be followed by NRI and expatriates seconded on an international assignment to india.
  • Assistance in Income tax scrutiny and assessments/audits.
  • Advisory relating to repatriation of money from India and issue of necessary forms to AD banker.
  • Certification services under FEMA and Income Tax.
  • Investment advisory services in India.
  • Taxability of ESOP transactions.
  • Assisting companies in transfer pricing.
  • Advisory on International Taxation. Inbound & outbound investments together with obtaining the necessary approvals & permits from the regulatory authorities.