Chartered Accountants & Tax Consultants for NRIs, Foreign Citizens, and Expats in India

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NRIs, Non-Residents, Foreign Citizens, and Expats – Financial Transactions in India Income Tax Laws | Foreign Exchange Regulations | Advisory & Compliance Services

Chartered Accountants & Tax Consultants for NRIs, Foreign Citizens, and Expats in India
KM Gatecha and Co LLP Chartered Accountants
Chartered Accountants & Tax Consultants for NRIs, Foreign Citizens, and Expats in India

Phone No - +91 80000 57972

Mail us at - services@kmgcollp.com

Visit – www.kmgcollp.com

    Background

    NRIs, OCIs, PIOs, and foreign citizens living abroad often maintain financial and economic interests in India. These activities involve multiple financial transactions that fall under Indian laws, primarily Income Tax regulations and RBI/FEMA rules. To meet compliance requirements and manage their affairs smoothly, NRIs seek dependable and experienced professional support from Chartered Accountants, tax consultants, or legal advisory firms with strong expertise in NRI-related matters.

    KMG CO LLP is a Chartered Accountant firm with a specialized team dedicated exclusively to NRI services. Our professionals assist NRIs, OCIs, PIOs, and expatriates with income tax matters, RBI and FEMA regulations, and other applicable laws. Our commonly requested services include property sale and purchase transactions (including lower TDS certificate assistance), repatriation services such as Form 15CA and 15CB, income tax return filing, and tax litigation. In addition, we offer value-added support services such as address facilities, power of attorney assistance, coordination with lawyers, property consultants, and representative services.

    Over the years, KMG CO LLP has built strong experience and credibility by serving hundreds of NRIs, OCIs, PIOs, and expatriates across the globe. The firm is based in Delhi and operates through a wide network of offices across major cities in India.

    Chartered Accountants & Tax Consultants for NRIs, Foreign Citizens, and Expats in India

     

     

    Our Presence & Client Base

    We act as consultants and advisors for a wide range of services for NRIs, PIOs, and foreign citizens.

    Our clients include:

    • NRIs earning income in India and required to file taxes

    • NRIs who currently hold or plan to make investments in India

    • OCIs and other non-residents inheriting assets in India

    • Non-residents planning to establish a business in India

    • Returning NRIs

    • Emigrating Indians and newly classified NRIs

    Chartered Accountants & Tax Consultants for NRIs, Foreign Citizens, and Expats in India

    Services for Different NRI Categories

    NRIs with Income in India

    NRIs may earn income in India through bank interest, rental income, or capital gains. As per income tax provisions, filing an income tax return in India may be mandatory. We assist with:

    • Filing income tax returns for NRIs

    • Claiming refunds of excess TDS

    • Tax planning to legally reduce tax liability

    • Guidance on Double Taxation Avoidance Agreements

    • Handling income tax notices and litigation

    • Providing an Indian address for official tax correspondence

    Chartered Accountants & Tax Consultants for NRIs, Foreign Citizens, and Expats in India

    NRIs with Investments in India

    For NRIs holding investments, properties, or bank accounts in India, we manage their financial affairs end-to-end, including:

    • Monitoring and reporting investment performance

    • Assisting with property leasing or sale through reliable consultants

    • Complete support for repatriation of sale proceeds and income

    • Advisory on repatriation of rent and investment income

    • Completion of banking and regulatory requirements

    • Tax planning to minimise Indian tax exposure

    • Filing of NRI income tax returns

    NRIs Inheriting Assets in India

    When NRIs inherit property or investments in India and wish to manage or liquidate them efficiently, we provide assistance by:

    • Coordinating approvals from income tax authorities, RBI, and other regulators

    • Assisting with Form 15CA and 15CB filings

    • Enabling tax-efficient repatriation or management of inherited assets

    NRIs and Non-Residents Setting Up a Business in India

    For non-residents planning to establish or already running a business in India, we offer comprehensive support such as:

    • Entry strategy and financial planning

    • Location analysis and feasibility studies

    • Partner identification and due diligence

    • Obtaining statutory and regulatory approvals

    • Arranging project finance and bank coordination

    • Company incorporation in India

    • Setting up office infrastructure and manpower

    • Acting as a representative office or managing selected business functions

    Returning NRIs

    Returning NRIs who wish to retain or sell assets acquired overseas and manage the proceeds efficiently receive support in:

    • FEMA and RBI approvals to continue holding overseas assets

    • Reinvestment of sale proceeds from foreign assets

    • Residential status planning under FEMA and income tax laws

    • Tax planning in India

    • Investment and business advisory services in India and abroad

    Emigrating Indians / New NRIs

    For newly migrated Indians or new NRIs intending to manage or repatriate Indian assets, we assist with:

    • FEMA approvals to retain specific assets in India

    • Repatriation of income and sale proceeds

    • Tax planning and compliance in India

    • Monitoring and reporting investments held in India

    Disclaimer: The content on this website is for informational purposes only and does not constitute legal, financial, or professional advice. Please consult qualified experts before acting on any information. K M GATECHA & CO LLP accepts no liability for errors, omissions, or outcomes from the use of this content. This site is not an advertisement or solicitation.

     

    FAQs

     An individual is treated as a Non-Resident Indian (NRI) if they do not meet the residential status criteria specified under the Income Tax Act, based on their number of days stayed in India during a financial year.

     Yes, NRIs and foreign citizens must file an income tax return in India if they earn taxable income from Indian sources such as rent, capital gains, interest, business income, or salary received in India.

     Income taxable in India for NRIs includes rental income, capital gains from property or shares, interest on NRO accounts, dividends, professional fees, and any income accrued or received in India.

     No, global income is not taxable in India for NRIs. Only income earned or accrued in India is subject to Indian taxation, subject to applicable Double Taxation Avoidance Agreements (DTAA).

     DTAA (Double Taxation Avoidance Agreement) is a treaty between India and other countries to prevent double taxation of the same income. NRIs and foreign citizens can claim lower tax rates or tax credits under DTAA provisions.

     Yes, NRIs can claim income tax refunds in India if excess TDS has been deducted on income such as rent, property sale proceeds, or fixed deposits.

     Yes, higher TDS rates generally apply to NRIs on rental income, capital gains, and interest income. Proper tax planning and filing can help claim refunds or reduce tax liability.

     Yes, a PAN card is mandatory for filing income tax returns, property transactions, investments, and most financial activities in India.

     Yes, NRIs and foreign citizens can appoint a Chartered Accountant or tax consultant in India to handle tax filings, compliance, and representation through an authorized power of attorney.

     FEMA governs foreign exchange transactions, bank accounts, repatriation of funds, investments, and property transactions for NRIs and foreign citizens in India.

     FEMA governs foreign exchange transactions, bank accounts, repatriation of funds, investments, and property transactions for NRIs and foreign citizens in India.

     Yes, NRIs can repatriate rental income, dividends, interest, and sale proceeds of property, subject to FEMA limits and documentation requirements.

     NRIs can maintain NRE, NRO, and FCNR accounts. Each account type has different taxability, repatriation, and currency features.

     Yes, NRIs can purchase residential and commercial properties in India. However, they cannot buy agricultural land, plantation property, or farmhouses unless specifically permitted.

     Capital gains tax depends on the holding period of the property. TDS is deducted at source, and NRIs can claim exemptions or refunds by filing tax returns.

     Yes, foreign citizens earning salary or professional income in India are subject to Indian income tax, depending on their residential status and duration of stay.

     Yes, NRIs can invest in Indian mutual funds, shares, and bonds under the Portfolio Investment Scheme (PIS), subject to RBI and FEMA guidelines.

     GST applicability depends on the place of supply, nature of service, and recipient location. Export of services may qualify as zero-rated under GST.

     Only resident individuals are required to disclose foreign assets in Indian tax returns. NRIs are generally exempt from this disclosure requirement.

     A tax consultant assists with income tax filing, TDS compliance, DTAA benefits, FEMA advisory, investment structuring, and tax planning for NRIs.

     Yes, Chartered Accountants in India provide end-to-end tax and compliance services to NRIs and foreign citizens through secure online and virtual communication.