NRIs are required to file IT returns in India owing to any income earned in the country. Their income is exempt from most of the taxes. Our team’s comprehensive understanding of the NRI taxation services facilitates better services to them in terms of preparing and filing of non-resident Indian income tax returns.
We provide our expert NRI taxation consultancy services in handling their tax matters and compliance. SMC aims to maximize the wealth and value of its NRI customers, and hence we provide the required commercially focused tax advisory services. We understand the non-resident individual’s business or job, the investments, and customize our solutions based on their requirements. We adopt a results-oriented approach to optimize tax following the NRI taxation regulatory framework.
Our NRI Taxation Services include liaisoning services for NRIs intending to set up a branch office or liaison office in the country under RBI permissions. Our team of NRI tax consultants has a good experience in handling such transactions – starting from understanding the right structure for the overseas company to the actual set-up of the company’s operations in India. We help them in devising the India Entry strategy and liaison with various authorities to ensure compliance with all the statutory registrations. We assist all our foreign clients in the evaluation of structuring options, selection of the best option based on their goals and economic situation, fulfilling related approvals, documentation, and attestation requirements, and annual compliance matters.
NRIs who inherit assets in India, who intend to set up base in the country, returning NRIs, and the new NRIs find the taxation matters complicated and time-consuming as they do not understand the exemptions, deductions, and mandatory requirements. Our team of professional, well-read, and proficient NRI taxation consultants helps our NRI clients in proper tax planning to minimize their tax liability in the country. We also provide professionals help to the NRIs who either intend to liquidate the inherited assets in India or repatriate the sale proceeds of the same to them or manage it otherwise to achieve tax efficiency and reduction in the tax amount. Tax planning is also a critical aspect for NRIs who intend to return to India and first-time emigrants, and it is one of the core components of our NRI Taxation Services.
