Non resident Indians who have/ intend to make Investments in India
For Non resident Indians who have/intend to make investments in property and hold bank accounts in India, we manage their financial affairs in India. We provide NRI investment services in Delhi India, NRI capital gain services, issuing Form 15CB for repatriation of funds, NRI tax filing services as follows:
- Facilitate liquidation/lease of property
- Facilitate repatriation of sale proceeds of investment and property
- Facilitate repatriation of income from investments and rent from the property let out
- Facilitate acquisition/ lease of property with complete banking and other regulatory formalities
- Plan their financial transactions to minimize tax liability in India
- File Income Tax return
Non resident Indians who inherit assets in India
A NRI inherits assets in the form of investments, property etc in India and intends to either liquidate them and repatriate the sale proceeds of the same or manage the same in most tax efficient manner. We enable him to achieve these objectives by facilitating the clearance from Income Tax Department, RBI and other regulatory authorities.
Returning NRI
NRI who returns to India for good, should know various aspects of Foreign Exchange Regulations (FEMA), Indian Taxation and Banking Regulations in order to rearrange his financial affairs in India and outside India.
When relocating to India, the following aspects should be taken care of:
- Monitor, record and periodically report on his investments
- Redesignation of all Indian bank accounts as Resident accounts
- Opening of and compliances in respect of 'Resident foreign currency' (RFC) account
- Information to all companies, funds, etc., of whom shares and securities are held by the non-resident, regarding the change of residential status/relocation to India
- Compliance in respect of the Indian Income-tax Act, 1961 e.g. application for PAN
- Compliances in respect of Wealth-tax Act, in case required e.g. filing of wealth-tax return
- Miscellaneous other issues
Where can we help ?
- Compliances regarding repatriation of assets to India
- Procedure for redesignation of all Indian bank accounts
- Opening of 'Resident foreign currency' (RFC) account
- Information to all companies, funds, etc., of whom shares and securities are held by the non-resident, regarding the change of residential status/relocation to India
- Compliance in respect of the Indian Income-tax Act, 1961 e.g. application for PAN in case you do not have a PAN
- Compliances in respect of Wealth-tax Act, in case required e.g. filing of wealth-tax return
- Repatriation of legacies/inherited assets and taxability in India thereon
- Facilitate clearance required under FEMA from RBI to continue to hold assets outside India.
- Facilitate re-investment of sale proceeds of assets acquired outside India.
- Plan residential status under FEMA and Income-tax Act 1961.
- Plan tax liability in India.
- Make fresh investments in business outside India.
- Investment and business consultancy in India.
Emigrating Indian/ New NRI
An emigrating Indian/ new NRI wants to retain/ disinvest assets (property, investments, business) acquired in India and repatriate the income/ sale proceeds thereof. We enable him to do so as follows:
- Obtain clearance required under FEMA from RBI to continue to hold certain assets in India
- Facilitate repatriation of sale proceeds and income of assets held in India
- Plan his tax liability in India
- Monitor, record and report on his investments in India