Private Client & NRI Advisory
NRI Taxation
Indian tax on Indian income — rent, capital gains, interest, pensions and business income — filed correctly, with treaty relief claimed where it exists and no tax paid twice on the same rupee.
India taxes a non-resident on income that is received in India, or that accrues or is deemed to accrue here — rent from an Indian property, gains on Indian shares and property, interest on Indian deposits, and pensions for service in India are the common cases. Salary and foreign income that neither arises nor is received in India stay outside the Indian net.
The practical difficulty is not the principle; it is the machinery. Payers deduct tax at source from NRIs under Section 195 at rates that often exceed the final liability, returns are missed in years when nothing seemed due, and treaty relief goes unclaimed because the paperwork was never assembled. Our NRI tax work handles the full cycle — position, deduction, filing and refund — as one file.
What this covers
- Taxability review of each Indian income stream, year by year
- Rent: deduction under Section 195 by tenants, lower-deduction certificates under Section 197 where the standard deduction overshoots
- Capital gains on shares, mutual funds and property, with the correct holding-period and rate treatment
- Return filing, including years where tax deducted exceeds the final liability and a refund is due
- DTAA relief positions, supported by a tax residency certificate and Form 10F
- Form 15CA/15CB certification support for remittances out of India
How the engagement runs
01
Income map
Every Indian income stream is listed and its tax treatment settled in writing before anything is filed.
02
Deduction control
Where tax is being deducted above the real liability, we apply for a lower-deduction certificate so cash is not locked up for a year.
03
Filing
The return is prepared with treaty positions disclosed where claimed, and acknowledgements and computations retained on file.
04
Refunds & notices
Refunds are tracked to credit, and any notice on the file is answered from the same record.
Questions clients ask
I live abroad and my only Indian income is rent. Must I file an Indian return?
If your total Indian income exceeds the basic exemption limit, yes — and even below it, filing is usually worthwhile: the tenant deducts tax under Section 195 at rates that commonly exceed your final liability on rent, and the excess comes back only through a return.
Will I be taxed in India on my foreign salary?
No, if it is neither received in India nor accrues here. Salary earned and received abroad stays outside Indian tax for a non-resident. The analysis changes in returning-India years, when residential status — and the RNOR window — decide what is taxable.
How do I avoid being taxed twice on the same income?
Through the tax treaty between India and your country of residence: the treaty allocates the taxing right or gives credit for tax already paid. Relief needs the paperwork — a tax residency certificate from your country and Form 10F filed in India — assembled before the return, not after a notice.
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