NRI TAX Advisory
Non-resident Indians (NRIs) and Persons of Indian Origin (PIOs) who settled outside India and have their financial interests back in India. Approximately 95% of NRIs maintain residences, properties, investments, and businesses in India. Understanding the tax implications of these interests according to Indian tax laws is crucial for effective financial management.
Benefits of Our NRI Tax Planning Services:
Tax Planning: We offer detailed tax planning to reduce your income tax burden and optimize tax benefits. We assist in international tax laws and how they impact Indian regulations, allowing us to make strategies to minimize tax liabilities.
Global Perspective: With our presence in international locations including but not limited to the UK, US, Canada, Australia, Singapore, UAE, KSA, Bangladesh, Myanmar, Egypt, Thailand, Sri Lanka, and Malaysia, our global perspective enhances our ability to manage income derived from various sources. We align your tax planning with both local taxation laws of India and maximizing the advantages offered by the various international tax agreements.
Expert Advice: Our experienced NRI tax consultants specialize in assisting the complexities of tax structures for investments and businesses in India. We advise on tax-efficient methods for remitting funds and managing capital gains, ensuring you capitalize on available exemptions and deductions.
Why Choose YKG Global
YKG Global provides specialized financial and advisory services to Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs). We have our Head Office in New Delhi and Noida and internationally we have a presence in more than 30 countries, we are dedicated to helping NRIs manage their financial goals with efficiency.
Our NRI Tax Services Include:
Income Tax Return Filing: We assist in the filing of income tax returns (ITRs) for individuals and businesses, including assistance in claiming any applicable tax refunds.
Tax Planning: As a global firm with expertise in the international tax laws of 35-plus countries including India, we offer customized tax planning solutions. This includes managing tax liabilities in your country of residence and India simultaneously.
Capital Gains Tax Planning: For NRIs selling property in India, we provide solutions to minimize capital gains tax liabilities. Our services include advising on exemptions available under sections 54, 54F, and 54EC.
Tax Timing Strategies: We assist in planning the timing of your move to or from India to minimize tax liabilities.
Double Taxation Avoidance: We use Double Taxation Avoidance Agreements (DTAAs) to help you avoid paying taxes twice on the same income by ensuring you get tax relief between the countries.
Income Tax Scrutiny and Audit Assistance: Our team provides support during income tax scrutiny and assessments, ensuring a smooth and compliant process.
Remittance Advisory: We guide NRIs on how to send money to India using proper channels to ensure everything is reported correctly for future transfers. We also help with sending up to USD 1 million back each year, as long as taxes are paid.
FEMA Compliance: We provide consultancy on Foreign Exchange Management Act (FEMA) regulations related to foreign remittances, including certification services.
Investment Advisory: We assist with investment options that can help you get tax deductions under section 80, like investing in a Public Provident Fund (PPF), Life Insurance, certain Fixed Deposits, and repaying the principal amount of your home loan.
