Email

mpvdassociates@gmail.com

Head office

Kolkata, India

Mobile

+91 98300 51999

NRI TAXATION SERVICES IN KOLKATA

At MPVD & Associates, we understand the unique challenges faced by Non-Resident Indians (NRIs) when it comes to taxation in India. Our dedicated team of experts specializes in providing comprehensive NRI tax consulting services tailored to meet the specific needs of NRIs. Whether you are living abroad or planning to invest in India, we are here to simplify the complexities of Indian taxation for you. Empower your financial journey in India with the expertise of MPVD & Associates, your trusted NRI tax consultant in Kolkata. Contact us today to schedule a consultation and experience reliable, knowledgeable, and personalized tax advisory services that cater to your unique requirements.

Professional NRI Taxation Service

Taxation in India is a critical constituent of the nation’s economy. Non-resident Indians are legally obliged to pay appropriate taxes as and when they fall under the jurisdiction of the Income Tax Act of 1961. The details of the taxes for a non-resident Indian and how they need to be dealt with, fall under the category of NRI taxation. It covers various aspects like income tax, property tax, and wealth tax, among others.

Non-resident Indians have a crucial role to play in the growth of the Indian economy. There are different taxation benefits for NRIs. Owing to the lack of time and information, non-residential Indians need expert guidance from specialized consultants. And it is here that leveraging a professional NRI taxation services in Kolkata can help. NRI Taxation experts regularly deal with cases where NRI customers have inherited wealth, bought properties, sold properties, have active businesses in India, or have NRE deposits in India, and require assistance.

NRI Taxation services in Kolkata
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Our NRI Taxation Services Offerings

At MPVD Associates, we specialize in offering a host of reliable tax consultancy services to non-resident Indians. We offer a comprehensive range of non-resident (NRI) taxation services like:

  • Determination of your Residential Status
  • Applying and obtaining a Permanent Account Number (PAN)
  • Preparation & computation of your Income Tax and filing of your Income Tax Returns
  • Obtaining income tax clearance from the tax authorities
  • Assistance in the repatriation of both movable & immovable assets from India
  • Income tax advice on capital gains
  • Assistance to operate Bank Accounts, as well as make investments in shares, mutual funds, government securities, debentures, and bank deposits
  • Specific advice needed concerning RBI/FEMA

Why Should You Choose MPVD & Associates For NRI Tax Consultancy Services?

MPVD & Associates – a leading tax consultancy firm in Kolkata – specializes in providing taxation services to non-residential Indians. Our enviable reputation for assisting non-residents with their financial affairs makes us the best NRI tax consultant. We provide advisory as well as compliance services that encompass the whole gamut of NRI taxation services (wealth tax, income tax, custom, etc.), and Foreign Exchange Law (Companies Act, RBI/FEMA, FCRA, etc.)

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NRI Tax Rates & Slabs

NRIs are liable to pay income tax on their taxable income in India. As a non-resident Indian, you are also liable to pay tax on your income and we have the expertise to help you with NRI tax rates and slabs.

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NRI GST Services

GST or Goods and Services Tax, is an indirect tax that came into effect on July 1, 2017. Although the tax is levied in India, various transactions may apply to NRIs. And, we are experts who can help you with such transactions.

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NRI RBI Rules

Our team of specialists always stays updated with the latest RBI rules for non-resident Indians. Be it PIOs, Loans, Investments, Borrowings, Bank Accounts, or Immovable Property, we can help you as a top NRI tax consultant.

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NRI Income Tax Return

Income tax return filing in India is annual compliance that needs to be compiled by every taxpayer. We are specialists who can help you with NRI income tax return filing.

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NRI Capital Gains

Non-residential Indians acquire immovable properties in India – either by way of investment by the NRI or by way of inheritance from their parents or grandparents. Our team has the expertise to help you with NRI capital gains.

Turnkey Services of NRI Tax Consultants in Kolkata

1. Tax Advisory for NRIs: Understanding the intricacies of Indian tax laws can be overwhelming, especially when you are residing overseas. Our experienced NRI tax consultants provide expert advice on taxation matters, including income earned in India, property investments, and capital gains. We help you optimize your tax liability and ensure compliance with Indian tax regulations.

2. Income Tax Filing and Compliance: Filing income tax returns in India can be a daunting task for NRIs. Our team assists you in preparing and filing your tax returns accurately and on time. We handle all aspects of tax compliance, including determining your tax liability, filing necessary forms, and ensuring adherence to filing deadlines.

3. Property Taxation and Real Estate Investments: If you own property in India or plan to invest in real estate, our NRI tax consultants offer expert guidance on property taxation. We help you understand the tax implications of property ownership, rental income, and capital gains. Our goal is to maximize your returns while minimizing tax liabilities related to your real estate investments.

4. Tax Planning and Investment Advisory: Effective tax planning is essential to optimize your investments and reduce your tax burden. Our consultants assess your financial situation and provide tailored tax planning strategies to help you make informed investment decisions. We guide you on tax-efficient investment options, ensuring your financial goals align with your tax-saving objectives.

5. Inheritance and Estate Taxation: Navigating the complexities of inheritance and estate taxation in India requires specialized knowledge. We assist NRIs in understanding the tax implications of inherited assets, estate planning, and succession matters. Our expertise ensures smooth transitions and compliance with relevant tax laws.

Why Choose MPVD & Associates as Your NRI Tax Consultant?

Specialized Expertise: Our team of NRI tax consultants possesses in-depth knowledge of Indian tax laws and regulations concerning NRIs. We stay updated with the latest changes, ensuring accurate and reliable advice tailored to your specific situation.

Personalized Service: We recognize that every NRI’s tax situation is unique. Our consultants offer personalized attention, understanding your individual needs and providing customized solutions that address your concerns effectively.

Timely and Efficient Services: We prioritize timeliness and efficiency in all our services. Whether you need assistance with tax filings, property transactions, or investment planning, we ensure prompt and accurate solutions, keeping your best interests in mind.

Transparent Communication: Clear and transparent communication is fundamental to our client relationships. We keep you informed at every step, explaining complex tax matters in a simple and understandable manner, and empowering you to make well-informed decisions.

Comprehensive Support: At MPVD & Associates, we offer end-to-end support for all your NRI tax-related needs. From initial consultations to ongoing tax planning and compliance, we provide comprehensive services to simplify your financial matters in India.

 

Your search for ‘NRI tax consultant near me’ ends at MPVD & Associates
Schedule an appointment with us today!

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    #Frequently Asked Questions – NRI Taxation Service

    Yes, NRIs must pay taxes after determining their residential status. For resident individuals, income earned from India or outside is taxed. For non-resident individuals, only the income accrued in India is taxable.
    A tax of 20% is levied on income earned from investing in certain Indian assets. However, filing an income tax return is not required if the investment income derived from shares in a public/ private Indian company, bank deposits, debentures issued by a publicly listed Indian company and security of the Central Government is the only source of income for an NRI during the financial year and TDS has already been deducted.
    The process for NRIs to file income tax returns is quite lengthy. It begins with a determination of the right residence, proceeds with conciliation of income and taxes, calculates taxable income, and involves steps like filing non-liable income details. The complexities may confuse you. Why take the trouble of understanding them when you can have tax experts and consultants help you with NRI income tax return filing?
    NRIs cannot avoid tax, but it is exempted from certain types of income like the interest earned on NRE accounts, dividends from shares of domestic Indian enterprises, capital gains from listed equity shares and equity-oriented mutual funds, etc. However, they can avoid double taxation by requesting relief from DTAA or the Double Taxation Avoidance Agreement existing between the two countries.
    As long as the income of an NRI is below INR 2,50,000, the individual is free from tax rates. It applies to all NRIs irrespective of age, whether below 60 years, between 60 years to 80 years or above 80 years.
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