NRI Legal Service
| NRI Service Type | Determination of Residential Status, Interpretation of DTAA (with a view to reduce tax liability), Handling of issues relating to Inheritance, Will, Compliances with respect to the Income-tax Act, 1961, Wealth-tax Act, Assistance in filing of India Tax return, Advising Suitable Tax Saving Investments, Opening NRE,NRO and FCNR Accounts |
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₹3,999.00 – ₹9,999.00
Are you a Non-Resident Indian (NRI)?
You could be an Indian citizen or a foreigner but for a given fiscal year, you could be held as a Resident or Non-Resident as laid out by the Income Tax Act based on certain conditions defining your residential status. It is important that you determine your residential status for a financial year so you know your tax obligation in India. The general rules set forth are: 1. If you were notin India for 182 days or more during the financial year, 2. If you were not in India for at least 365 days during the 4 years preceding that year AND at least 60 days in that year. Determination of your Residential Status is further dependable several conditions like; if you have left India for employment, been as a member of a crew on an Indian ship outside India or on a foreign ship in India. You could also be a Resident but not Ordinarily Resident (RNOR) which has it’s own pre-set criteria to determine your status as such. There are a combination of several conditions which can hold you NRI, but a RNOR. Now since the determinatinon of your status in a financial year is for the primary purpose of determining your tax liability in India, failing to do so can result in unlawful tax evasion and high fees in penalities.
LSC at the outset will work on to determine not just your status for a particular financial year but also by scrutinizing those dependable aspects from preceding years. We determine your tax liability and the proceeding to pay them to the appropriate tax department. You tax liability can also be dependable on incomes you earned from other sources like; sale of equity shares listed on an Indian stock exchange, salary income for services rendered in India, rental income from your property in India, income from your branch establishment in India, equally important is also your eligibility for the claim of a foreign tax credit in your country of residence. Our tax experts are at your service giving you a cutting-edge solution on all your taxation and business issues on your NRI status.
| NRI Service Type | Determination of Residential Status, Interpretation of DTAA (with a view to reduce tax liability), Handling of issues relating to Inheritance, Will, Compliances with respect to the Income-tax Act, 1961, Wealth-tax Act, Assistance in filing of India Tax return, Advising Suitable Tax Saving Investments, Opening NRE,NRO and FCNR Accounts |
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₹3,999.00 – ₹9,999.00
LSC Assurance of Secured Payment
Assured Quality Service Delivery
Fully Dedicated Case Managers
Post-Delivery - Review Facility
"As a first line of communication, we will need the following particulars from you to action this service. To facilitate our inital review, please collate your relevant documents into a single file and upload where requested."
₹3,999.00 – ₹9,999.00