Blogs News

India continues to be a top investment destination for Non-Resident Indians (NRIs), thanks to its growing economy, strong financial infrastructure, and attractive returns across real estate, equities, mutual funds, and startups. However, with investment comes the responsibility of tax compliance. Effective tax planning is critical for NRIs to maximize their returns and stay compliant with Indian laws. Let’s explore the essentials of foreign investment tax planning in India and understand how engaging the right NRI tax consultant in India can make a world of difference. Understanding NRI Tax Status m  Before diving into tax planning, it's important to determine your residential status. Under the Income Tax Act, 1961, your status as a resident or NRI depends on the number of days you stay in India during a financial year. Only Indian-sourced income and income received in India are taxed for NRIs. Global income is not taxable unless you qualify as a resident. Taxable Investment O...

  Double Taxation Avoidance for NRIs – How to Legally Avoid Paying Tax Twice For Non-Resident Indians (NRIs) , managing income across multiple countries often leads to a complicated challenge known as double taxation . Simply put, this occurs when income earned abroad is taxed both in India and the country of residence. Thankfully, India has signed Double Taxation Avoidance Agreements (DTAAs) with many countries to help NRIs avoid this burden. As a trusted NRI tax consultant in India , we break down how double taxation avoidance works and what steps NRIs need to take to stay compliant while minimizing tax liability. What Is Double Taxation and How Can NRIs Avoid It? Double taxation typically affects NRIs who: Earn income in India (rent, capital gains, interest, etc.) Are also taxed on global income in their country of residence India has signed DTAA treaties with over 85 countries including the USA, UK, Canada, UAE, and Australia. These treaties provide relief in two...