Frequently Asked Questions
Find answers to common questions about NRI taxation in India
An individual is considered a Non-Resident Indian (NRI) if they stay in India for less than 182 days in a financial year, or less than 60 days in the current year and 365 days in the preceding 4 years combined.
Yes, NRIs must file ITR in India if they have Indian income above the basic exemption limit, which includes salary, rental income, capital gains, business income, or any other income sourced in India.
NRE accounts are tax-free for interest earned, while NRO accounts are subject to TDS on interest. NRE funds are fully repatriable, while NRO funds have repatriation limits.
Rental income is taxed at 30% (plus cess) for NRIs. However, standard deduction of 30% of rental income is allowed for repairs and maintenance, plus actual municipal taxes paid.
For property: LTCG (held >2 years) is 20% with indexation benefit. STCG is 30%. For securities: LTCG (held >1 year) is 10% above ₹1 lakh, STCG is 15%.
Yes, NRIs can claim Double Taxation Avoidance Agreement (DTAA) benefits between India and their country of residence to avoid paying tax twice on the same income.
Form 15CA/15CB is required when remitting money abroad from India above specified limits. 15CA is a self-declaration, while 15CB requires CA certification for higher amounts.
Our standard ITR filing process takes 5-7 business days from receipt of all required documents. Complex cases may take up to 10-15 days.
Required documents include: PAN card, passport copy, visa details, salary certificates, bank statements, property documents (if applicable), Form 16/16A, and previous year's ITR if available.
Yes, if you've paid excess tax through TDS or advance tax, you can claim a refund by filing your ITR. We assist in processing TDS refunds and tracking refund status.
While not mandatory for filing ITR, having an Indian bank account (NRO/NRE) is practical for receiving tax refunds and managing Indian financial transactions.
Late filing attracts penalties and interest. For income up to ₹5 lakhs, penalty is ₹1,000. For higher income, it's ₹10,000. We can help with belated returns and minimize penalties.
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