FAQs

We help both individuals and entrepreneurs get ready to file the tax returns whether you are an Indian resident, working in foreign company or a Non-Resident Indian working in India.

An individual qualifies as a Non-Resident Indian (NRI) if they have spent less than 182 days in India during a financial year.

NRIs are generally taxed on income earned or received in India. This includes salary, rental income, capital gains, and other income sources.

NRIs are required to file tax returns in India if their total income in India exceeds the basic exemption limit.

Yes, India has signed DTAA with several countries to prevent double taxation. NRIs can claim relief under DTAA if they have paid taxes in both India and their country of residence.

An NRI is the one who doesnot satisfies the residential condition of Income Tax Act. If any individual stays in INDIA for less than 182 days during the previous year or if he/she stays for less than 60 days during the previous year and less than 365 days during 4 years immediately preceding the previous year. 

Recently moved NRIs can enjoy the benefits of RNOR, when he/she is in NRI status. i.e be in NRI in 9 of the 10 financial years preceding theyear of return and lived in India for 2 years or less(729 days or less) in the last 7 financial years.

If any interest income on deposits from banks earned by an NRI, then banks has to deduct TDS @ 30%. The TDS rate shall be further by applicable surcharge and Health and Education cess.(i.e 30% + surcharge + health and education cess).

If NRI uses Non-Resident External (NRE) account to transfer foreign earnings to India. Income from interest on balances standing to the credit of NRE Accounts is exempt from tax. and a Non-Resident Ordinary (NRO) Account is used to manage the income earned in India. Interest earned in an NRO account is taxable in the hands of NRI.​

The income which is earned or accured in India is taxable in the hands of NRI.

NRIs can claim exemption u/s 54, 54EC, 54F on long term capital gains. So, NRI can claim deduction from capital gains and claim refund.

As resident individual, NRI also can allow deductions like Life insurance premium payment, Children’s tuition fee payment, Principal repayments on loan to purchase house property, Unit-Linked Insurance Plan (ULIP), Investments in ELSS u/s 80C. And all other section under chapter VI-A is available to NRI.

Investments in National savings Certificate, Post office 5-year deposit scheme, Senior Citizen savings scheme(SCSS) and Investments in PPF is not allowed. However, they are allowed to maintain the PPF account when they are resident while opening the PPF account.