Non-Resident Indian (NRI) taxation
What is NRI Taxation Services?
NRIs are individuals who are citizens of India but live and work in another country, and they are subject to taxation laws in both countries. However, many NRIs are unaware of their tax obligations in India, and this lack of knowledge can lead to problems for both individuals and firms.
How NRI Taxations Services Work?
NRI (Non-Resident Indian) taxation services refer to professional consulting services designed to assist NRIs with tax planning, compliance, and filing obligations.
These services can include identifying tax-saving opportunities, providing guidance on foreign income and asset reporting requirements, and resolving tax disputes with tax authorities.
Firms face challenges in NRI taxation due to complex laws, regulations, and lack of expertise. Non-compliance can result in penalties, legal issues, and reputational damage, affecting the bottom line. NRIs face legal issues for non-compliance, affecting travel and business in India.
Why First Partner?
We offer a range of services, including but not limited to:
- Assistance with tax planning and compliance
- Preparation and filing of tax returns
- Representation before tax authorities
- Guidance on investment and repatriation of funds
- Advice on double taxation avoidance agreements