Any Expatriate, NRI, and PIO doing any business transactions or employed in India need to understand and follow the Indian Laws and orders associated with the foreign exchange policies. The common issue faced by the NRIs or any Expatriate is the compliance with the International Taxation system in India.
As per the Regulations of the ITA (Income Tax Act), the tax liable on an expatriate depends upon the residential status, not judged by the nationality of the expatriate.
To comply with various International Taxation laws and regulations, Expatriates trust reliable and professional services. We have a team of experts who provides efficient solutions to expatriate taxation problems. Our tax consultant offers distinct and fruitful strategies to handle any tax-related matters such as withholding obligations, Dual Taxation, Tax compliance issues, foreign bank report filing, Language barriers, and several tax liabilities.
The scope of Income Taxability for expatriates depends on the residential status, but in some instances, it’s also determined by the DTAA regulations and laws of the respective country. Sometimes, an expatriate may reside in both the countries; at that time, the residential status will be judged under the Regulations and taxation laws of both countries.
We provide advisory and compliance services to NRI clients for all sorts of issues associated with expatriate taxation and residents who would like to set up their business in India. Here are the brief description of work opportunities and tax compliance services for expatriates:
To monitor the business operations, a foreign company deploys its employees for a specific period during the time of business set up in India and to manage business in India. That employee is considered as an Expatriate, though it’s not mentioned under the regulations of the ITA- Income Tax Act. Basically, an NRI who’s been working in India for 6 months upto 5years.
Expatriate taxation is required to perform the business operations for NRIs in India. Thus, we offer expatriate consulting services to NRIs to check if they qualify for foreign tax relaxation. To analyse the foreign tax credit eligibility and Allocate finances by preparing a complete project report and liaison with financial institutions, banks, other joint venture organisations. A proper tax planning will help an expatriate to reduce the risks of dual taxation.
Under the regulations of section 9(1)(ii) income tax act, the expatriate is liable to pay the taxes for the services rendered by them in India. It is accountable for income under the head salaries. The scope of income for an expatriate is judged by the residential status. It won’t make any difference in the Income earned by NRI and the tax liabilities associated with it. TDS will also be chargeable under the regulations of the Income Tax Act. Even the salary earned by NRI in a foreign currency will be converted to Indian rupees for the tax deduction in some instances.
A transaction that has been carried out by two non-residents involving Indian assets or income accruing form India is also covered under the ambit of international transaction.
Any company that’s running the business in India and employee NRIs is liable to pay the taxes as per the regulations of the Income Tax Act. Further some common hurdles faced by the expatriates also include diverse culture, withholding obligations, tax compliance issues, Dual Taxation problems, foreign bank report filings, and language barrier issues. Thus, we offer a complete set of expatriate taxation compliance services to reduce the tax burden of NRIs in India.
Client is the key driver of our service offerings. Our approach to service offerings is based on a client centric and customized approach. Our specialized teams are a mix of technical and industry experience in order to serve clientele for their specific needs.
We always endeavour for a quick turnaround time to serve our clientele. We are supported by an experienced and client focussed support teams to offer timely services to our clientele. In case of any business exigencies and time sensitive service requirements, you can always count on us.
We have built high performing teams supported by strong work ethic. Our team is a mix of experts, professionals and support staff from technical and varied academic, cultural, social and ethnic backgrounds. We believe that this diversification plays a vital role in motivating the team into High Performing Teams.
We believe that open communication is the core principle in order to demonstrate trust, build long lasting and valuable relationships with clientele. We are committed to ensuring transparency in communication, service offerings and delivery.
Our service offerings are driven by quality and reviews at every level. We strive to provide a qualitative and value-added delivery to our clientele. At all times, we endeavour to provide exceptional client service by meeting client expectations and driving client satisfaction.
The Reserve Bank of India (“RBI”) is taking all the steps to encourage greater use of Indian Rupee (INR) for trade transactions. In July 2022,
ECB is an important source of funds for raising funds in the international market. Since ECB involves foreign currency, these transactions are regulated by RBI.
Lending and borrowing rates between the banks are controlled by a benchmark rate, i.e., the rate of interest on which the bank borrows funds from
Held by Hon’ble Appellate Tribunal under SAFEMA In the matter of Sh. Kamal Singh Vs The Assistant Director, Directorate of Enforcement, Mumbai (MP-FE-200/MUM/2024 (A.D.) FPA-FE-25/MUM/2011)
The Hon’ble Finance Minister presented the Union Budget, 2025 on 1st February 2025 with certain major reliefs for individual taxpayers such as making income tax
The Multilateral Convention to implement tax treaty-related provisions to prevent Base Erosion and Profit Shifting (“MLI”) entered into India with effect from 1st October 2019.
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We serve on FDI advisory, cross-border accounting, International tax planning and Management consulting needs of our overseas clients all over the world.
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