NRI Taxation & Compliance Services in Mohali
Expert CA services for Non-Resident Indians — ITR filing, FEMA compliance, NRO/NRE advisory, and repatriation structuring.
As a Non-Resident Indian, your tax and compliance obligations in India are significantly different from resident taxpayers — and non-compliance can attract heavy penalties, interest, and even scrutiny from the Income Tax Department. CA Ankush Garg offers specialized NRI taxation and compliance services, covering everything from ITR filing and FEMA compliance to property transactions, repatriation, and DTAA advisory.
With end-to-end international taxation experience — including 15CA/15CB, DTAA analysis, and NRO/NRE account management — we are one of the very few CA firms in Mohali that truly understands the cross-border complexity NRIs face.
Who Qualifies as an NRI?
Your residential status determines your tax liability in India. Under the Income Tax Act, 1961, you are a Non-Resident Indian (NRI) if you do not satisfy the basic conditions of residency — broadly, if you have stayed in India for less than 182 days in a financial year (or less than 60 days with other conditions).
- Resident (ROR) - Taxed on global income — income earned anywhere in the world is taxable in India
- NRI / Non-Resident - Taxed only on income earned or received in India — foreign income is exempt
- RNOR - Resident but Not Ordinarily Resident — intermediate status for returning NRIs
Our NRI Services
1. NRI income tax return (ITR) filing
NRIs earning income from India — rent, interest, capital gains, professional income, or business income — must file an ITR in India. We handle NRI ITR filing under the correct ITR form, ensuring all eligible deductions and DTAA benefits are claimed.
- 1. Rental income from property in India
- 2. Interest on NRO/NRE/FCNR accounts
- 3. Capital gains on sale of property, shares, or mutual funds
- 4. Dividends from Indian companies
- 5. Business or professional income from India
2. DTAA (Double Tax Avoidance Agreement) advisory
India has signed DTAAs with over 90 countries — including the USA, UK, Canada, Australia, UAE, Singapore, and Germany. Under these treaties, income may be taxed at a reduced rate or exempt altogether in India. We analyze the applicable DTAA and ensure you claim the correct relief — avoiding double taxation on the same income.
3. Form 15CA and 15CB — remittance compliance
Any remittance outside India on behalf of an NRI or foreign entity requires compliance under Section 195 of the Income Tax Act. We prepare and file Form 15CA (declaration) and Form 15CB (CA certificate) — mandatory for wire transfers, rent payments, professional fees, and repatriation from NRO accounts.
4. NRO / NRE account advisory
- 1. NRO account (Non-Resident Ordinary) – For managing income earned in India — rent, dividends, pension. Interest is taxable. Repatriation limited to USD 1 million per year after tax.
- 2. NRE account (Non-Resident External) – For parking foreign income in India. Interest is tax-free. Fully repatriable. Cannot receive Indian income.
- 3. FCNR account (Foreign Currency Non-Resident) – Fixed deposits in foreign currency — USD, GBP, EUR, AUD. Interest is tax-free and fully repatriable.
5. Repatriation of funds from India
Repatriating money from India involves FEMA compliance, RBI approvals (where applicable), TDS deductions, and proper documentation. We handle the complete repatriation process — from NRO to NRE transfers, property sale proceeds, and inheritance repatriation.
6. Property transactions for NRIs
NRIs can purchase residential and commercial property in India (with some restrictions). Sale of property attracts capital gains tax — with different rates for short-term and long-term gains. We advise on:
- 1. Capital gains computation and tax liability
- 2. TDS obligations for buyer (Section 195) — 20% on LTCG, higher for STCG
- 3. Lower deduction certificate application to reduce TDS burden
- 4. Reinvestment exemptions under Section 54 and 54EC
- 5. Repatriation of sale proceeds through proper FEMA channels
7. FEMA compliance
The Foreign Exchange Management Act (FEMA) governs all cross-border transactions involving Indian residents and NRIs. Violations attract severe penalties. We advise on:
- FEMA-compliant property purchase and sale
- Foreign investment reporting (FDI, ODI)
- Gift deeds for NRI family members
- Inherited assets and repatriation
- RBI approval requirements for specific transactions
8. NRI tax planning
We help NRIs structure their India income in a tax-efficient manner — whether it is property income, investment income, or business income — using DTAA benefits, correct account types, timing of transactions, and available deductions.
Countries We Serve NRI Clients From
We have hands-on experience with NRI clients across:
- 1. USA — India-US DTAA, IRC compliance, FBAR, FATCA considerations
- 2. Australia — India-Australia DTAA, ATO reporting for Indian income
- 3. UAE — India-UAE DTAA, no income tax in UAE simplifies planning
- 4. Canada — India-Canada DTAA, FBAR equivalent reporting
- 5. UK — India-UK DTAA, HMRC reporting for Indian assets
- 6. Singapore, Germany, Netherlands — DTAA advisory and filing
Frequently Asked Questions
Does an NRI have to file ITR in India?
Yes — if your taxable income in India exceeds Rs. 2.5 lakh (or Rs. 3 lakh for those aged 60+), ITR filing is mandatory. Even below this threshold, filing is advisable to claim TDS refunds.
Is rental income from property in India taxable for NRIs?
Yes — rental income from property in India is taxable. The tenant is required to deduct TDS at 30% on the rent paid to an NRI. We help you file your ITR and claim applicable deductions.
Can an NRI buy property in India?
NRIs and PIOs can purchase residential and commercial property in India freely. Agricultural land, plantation property, and farmhouse purchases require RBI permission.
What is the TDS rate on property sale by NRI?
We draft a professional objection reply addressing the examiner’s concerns. Most objections can be oThe buyer must deduct TDS at 20% (+surcharge+cess) on long-term capital gains and 30% on short-term capital gains. We help NRIs apply for a lower deduction certificate to reduce this burden.vercome with a well-drafted response.
How do I repatriate money from the sale of my property in India?
Yes — individuals, proprietors, partnership firms, private limited companieSale proceeds can be repatriated after payment of applicable taxes, compliance with FEMA regulations, and filing of Form 15CA/15CB. We handle the complete process.s, LLPs, and even NGOs can register trademarks.