Expert NRI Tax Legal Services – KHA ADVOCATES

A: Yes, if their total income earned or accrued in India exceeds Rs. 2.5 lakhs in a financial year, filing a return is mandatory.

A: Income earned or received in India is taxable, including rent from Indian property, capital gains, dividends, and interest on Indian bank accounts (except NRE accounts).

A: Yes. NRIs are taxed only on income earned or accrued in India, whereas residents are taxed on their global income.

A: No, unless the NRI becomes a resident for tax purposes or the income is received directly in India.

A: The deadline is generally July 31st of the assessment year, unless extended by the government.

A: Yes. A PAN is mandatory for filing income tax returns, property sales, and investments in India.

A: Yes, an Indian savings or NRO account is needed for receiving tax refunds.

A: Non-compliance can result in penalties, interest, prosecution, and difficulty in repatriating funds or selling assets.

A: Yes, capital gains tax applies. The rate depends on whether the property is held long-term (over 2 years) or short-term.

A: Buyers are required to deduct TDS at 20% (plus surcharge and cess) for long-term gains and 30% for short-term gains.

A: Long-term capital gains are taxed at 20% after indexation. Short-term gains are taxed at the applicable slab rate.

A: Yes, rental income is taxable at slab rates after standard deduction of 30%.

A: They can apply to the Income Tax Department for a lower/NIL TDS certificate under Section 197.

A: No, municipal taxes are the same for residents and NRIs. These must be paid annually to the local municipal body.

A: Repatriation of taxed income is not taxed again. However, proper tax documentation must be maintained.

A: Pay applicable taxes, obtain Form 15CA/15CB, and submit proof to your bank for foreign remittance through NRO account.

A: Yes, we coordinate with Chartered Accountants and provide end-to-end assistance for repatriation compliance.

A: No prior approval is needed up to the USD 1 million limit if documentation is in order.

A: No, gifts from specified relatives are tax-free. However, gifts from non-relatives exceeding Rs. 50,000 are taxable.

A: Double Taxation Avoidance Agreement (DTAA) ensures NRIs are not taxed twice on the same income in India and their country of residence.

A: Yes, by submitting a Tax Residency Certificate (TRC) and Form 10F to claim lower TDS rates or exemptions.

A: Yes, for investments like LIC premiums, ELSS, PPF (only if opened before becoming NRI), and home loan principal repayment.

A: Yes, we offer comprehensive NRI tax advisory, return filing, compliance, representation in income tax proceedings, and litigation support.