CBDT exempts NRIs from Online filing form 10F Upto 31 March 2023
CBDT exempts NRIs from Online filing form 10F Upto 31 March 2023, Online filing form 10F, NRIs filing form 10F, form 10F, exempts non-resident Indians (NRIs) from ...Read More
Rajput Jain & Associates offers the quickest and easiest Income Tax Return e-Filing solution for NRIs,Residents with foreign income, Expatriates,Foreign citizensindividuals. To file your ITR using Rajput Jain & Associates, just send the required documents and our expert team of chartered accountants takes care of the rest.
For NRI & Foreign citizens individuals
Rajput Jain & Associates offers the following Income Tax Return filing packages for NRI & Foreign citizens individuals:
Rajput Jain & Associates has expertise in the following NRI services:
Who’s it for?
What are basic Requirements?
Expert Consultation on Tax Liability
Rajput Jain & Associates has been designed keeping in mind the hassles an individual usually has to go through while filing NRI Services Income Tax Returns every year. At Rajput Jain & Associates we prepare your Income Tax Returns manually as well as through online software, which guarantees us 100% accuracy. To file an ITR through Rajput Jain & Associates, NO accounting knowledge or financial background is required. An individual is only required to provide us his/her personal details and send required information for prepare ITR. The rest is taken care by our team of expert chartered accountants who prepare the Tax Returns and then file it with the Income Tax Department. Once prepared each ITR is verified twice by our most senior chartered accountants to eliminate human errors if any. Finally the tax return is electronically filed with the Income Tax Department and an Acknowledgement is e-mailed back to the user.
|NRI e-File Premium|
|Income from Salary|
|Form-16s Validated from CA Team|
|Income From Salary (multiple Form- |
16's from different employers)
|Income From Pension|
|Income From Agriculture|
|Investments in LIC, Mediclaim, NSC, PPF etc|
|Income From House Property|
|Income From Property and Shares/ |
|Income From Other Soucces |
(Divided, Bank Interest etc.)
|Relief (Paid Tax Outside India)|
|Paid any self assessment/ |
|Clubbing of income (e.g. spouse, |
minor child, etc.)
|Income from Business or |
|Required tracking of your refunds and tax assessment order|
|Employed in Indian Company and sent abroad for |
poject, and paid by Indian company in foreign
|Advance tax Computation, Deductions|
|Salary was received in foreign currency|
|Donation, Reconcilation of TDS |
return with 26AS
Who is NRI?
An Indian abroad is popularly known as Non-Resident Indian (NRI). NRI status is legally defined under the Foreign Exchange Management Act, 1999 and the Income-tax Act, 1961 for applicability of respective laws.
Non resident under FEMA 1999
Person resident outside India means a person who is not resident in India.
Person resident in India means
A person residing in India for more than one hundred and eighty-two days during the course of the preceding financial year but does not include:-
A person who has come to or stays in India, in either case, otherwise than
Any person or body corporate registered or incorporated in India,
An office, branch or agency in India owned or controlled by a person resident outside India,
An office, branch or agency outside India owned or controlled by a person resident in India;
Non resident under Income-tax Act, 1961
We prove various NRI service India like NRI financial services, NRI legal services. The term non-resident is negatively defined under section 6 of the Income-tax Act, 1961. An individual who is not a resident under the Income-tax Act is a non-resident. The residential status of an Individual is determined based on the number of days of stay in India. Financial year (FY) is April to March.
For the purposes of levy of tax, the Income-tax Act in India has classified the status of an individual assesses into three viz.
The definition is explained in simple terms as under.
A Person of Indian Origin (PIO)
PIO means an individual (not being a citizen of Pakistan or Bangladesh or Sir Lanka or Afghanistan or China or Iran or Nepal or Bhutan) who:
India has contracted Double Tax Avoidance Agreements (DTAAs) with various countries. Taxability of Non Resident's Indian income would be decided as per the provisions of these DTAAs. Most of these DTAAs contain provisions for lower rates of tax in case of incomes like dividend, royalties, fees for technical services etc.
Is my income earned abroad taxable?
An NRI's income taxes in India will depend upon your their residential status for the year.
If your status is 'resident' your global income is taxable in India. If your status is 'NRI' your income which is earned or accrued in India is taxable in India.
Salary received in India or salary for service provided in India, income from a house property situated in India, capital gains on transfer of asset situated in India, income from Fixed Deposits or interest on savings bank account are all examples of income earned or accrued in India.
These incomes are taxable for an NRI. Income which is earned outside India is not taxable in India. Interest earned on a NRE account and FCNR account is tax free. Interest on NRO account is taxable for an NRI.
How do I determine my residential status?
Here’s how you can check your residential status for a financial year.
You're considered a 'resident' in a financial year if you satisfy one of the conditions below:-
An exception is made for Indian citizens working abroad and members of a crew of an Indian ship or a PIO visiting India, where 60 days is replaced with 182 days.
You are an NRI if you do not meet any of these conditions
Do NRIs need to file an Income Tax Return in India?
Income Tax Return must be filed by an NRI when their total income (before any deductions) is more than Rs 2,50,000 (for AY 2015-16 or FY 2014-15).
Income Tax Return must be compulsorily filed in the following cases:-
A return need not be filed if income from short term or long term capital gains is the only income the NRI has and TDS has been deducted on it.
Can NRIs claim any deductions in their Income Tax Return?
Deductions under section 80
Some of the deduction under section 80C are available to NRIs – life insurance premium paid in India, ULIPs and ELSS purchased in India. Purchase of NSCs or investments in new PPF accounts are not allowed as deductions under Section 80C for NRIs. Deduction under section 80D for health insurance premium payments for parents are also allowed to be claimed. Here is complete guide to deductions under section 80C.
Deduction from House Property Income for NRIs
NRIs can claim all the deductions available to a Resident from Income from House Property for a house purchased in India. Deduction towards property tax paid and interest on home loan deduction is also allowed. You can read about house property income in detail here.
Rajput Jain and Associates is the largest online service platform in India which provides easy solutions in starting their new business at affordable cost. We aim at helping the entrepreneurs at every legal and regulatory step. We stay as your partner during entire business cycle and ensure that the business keeps prospering and remains complaint.
Rajput Jain and Associates is a network of experienced chartered accountants, lawyers, company secretaries, cost accountants, financial experts, expert bankers all over India to provide the needed services for small and medium size enterprises.
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All the information related to any client is considered confidential and never be disclosed to anyone.
Having years of experience in respective areas and backed by skilled and experienced workforce keep us ahead.
We believe in the building the good relationship with the clients that ensures the great impression.
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Rajput Jain & Associates. are a tremendous value added to me as an executive and a busy parent. It just makes sense to delegate my tax file to them -- they are proactive, extremely service oriented, and most importantly, I am completely confident they are finding every dollar of tax savings available to me.
A Leading Service Provider
We use Rajput Jain & Associates for all our accounting, Corporation tax, VAT and other compliance needs. The service is professional, courteous and prompt. I would recommend Rajput Jain & Associates to any company requiring a comprehensive accounting and tax service.
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