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VJM & Associates LLP
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VJM & Associates LLP

NRI & Expatriate Tax Consultancy Services India

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.

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The Scope Of Income Taxability For Expatriate

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:

Generally, Expatriates have different sources of income such as the interest incurred from bank deposits, Capital Gains and Rental income, Salaries etc. As per the guidelines of the Income Tax Act, the NRI needs to pay the taxes in India on all sources of income they earn in India. And our professionals help expatriate in the following matters:
  • Assisting in Income Tax return filing for expatriates in India.
  • Guiding and providing advisory services in claiming back refund after filing TDS.
  • Providing Proper knowledge about DTAA (Double Taxation Avoidance Agreement) to save any extra taxes.
  • Protecting against the income tax department litigation.
  • WRT tax planning and consultancy services to minimise the tax burden.
Any NRIs or Expatriates who have businesses, bank account, and property in India, we offer complete financial planning services to the clients stated below:
  • We supervise, record, and provide complete investment reports.
  • Our responsible expatriate taxation consultants provide solutions for the liquidation of property.
  • We assist in any sort of investment and property sales.
  • Our trustworthy expertise maintains every regulatory and banking formality.
  • We offer distinct planning for financial transactions to minimise the tax liabilities.
  • We look after the NRI income tax services return.
Expatriates who hold assets such as property, investments, etc and are willing to sell the same or liquidate the value of the assets we help them by following a fruitful tax-effective process. To perform this operation, we facilitate them from the income tax clearance and other RBI Regulations. Not only that, but we also help NRIs to submit the 15CA & 15CB Form of the Income Tax authority.
Any foreign establishments or Individual planning to set up a business in India, we assist them with the following services:
  • We offer a fruitful strategy and help to develop a financial model.
  • Our expertise, explore the suitable location after several observations according to the business needs.
  • Identify and judge potential partners after doing a proper diligence review.
  • Manage all the regulatory approvals.
  • Allocate finances by preparing a complete project report and liaison with financial institutions, banks, other joint venture organisations.
  • Assisting in the incorporation of an organisation in India.
A returning expatriate always tries to re-evaluate or retain the assets such as property, investments etc. and look forward to reinvesting in any other foreign country. Thus, we assist them with these services
  • Facilitate clearance is essential to hold any assets in India under the FEMA Regulations from RBI.
  • Assisting in the revaluation of property or sales proceeds of any assets outside the country.
  • We provide advisory services for Residential status under FEMA guidelines and Income Taxation Services.
  • We have our experienced professionals who offer efficient expatriate taxation consultancy services.
A new expatriate or any emigrating Indian has a tendency to retain the assets such as business property, investments etc. and return the sale proceeds/income thereof. We help them to perform these functions:
  • Supervise, record, and report on the investments in India.
  • A definite plan to minimise the tax liability.
  • Facilitate clearance is essential to hold any assets in India under the FEMA Regulations from RBI.
What people say about us
By taking care of our Internal control policies and procedures, VJM Team have made sure that experience is hassle free.
sachin JainCFO, mahle filter system (i) pvt limited
sachin Jain
Very professional approach from VJM Team, they got associated with us late in the financial year but were able to conduct an in depth audit and highlight the areas to be addressed within a short span of time. What gives us confidence is that they are available for consultation on any financial matter and are quick to find and implement the resolution
Shobit BhatnagarGradeup.co
Shobit Bhatnagar
VJM team is a thoroughly professional chartered accountants equipped with all resources and with deep understanding of GST and other contemporary arenas of corporate consultancy. Have interacted with them for various tax and corporate law related matters and found the interaction quite useful.
Pawan LadhaFreecharge
Pawan Ladha
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