NRI Financial & Taxation Services
Financial and tax services for NRIs — residential status, NRE/NRO accounts, DTAA, Indian investments, property and repatriation.
- Estimate Cost
- ₹5,000 – ₹50,000
- Typical duration
- 10 days
Service overview
- NRI Financial & Taxation Services helps Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and expatriates manage cross-border financial operations, repatriate funds, and fulfill tax obligations in India
- This service handles FEMA compliance, Double Taxation Avoidance Agreements (DTAA), lower TDS certificates, and Indian income tax filings
Who needs it? / When is it needed?
- NRIs with Indian Incomes: Non-residents earning rental income, dividends, capital gains, or interest in India.
- NRIs Selling Property
- Inheriting Assets: Individuals selling Indian real estate and seeking to repatriate proceeds abroad under RBI guidelines.
- NRIs Returning to India: Expatriates transitioning residential status and restructuring global assets for Indian tax compliance.
What to expect from the WCP Professionals
- Diagnose Residential Status & Tax Liability: WCP professionals determine your exact residential status under Section 6 of the Income Tax Act and analyze cross-border tax exposure.
- Audit Income & DTAA Applicability: WCP professionals examine your global income streams, applying Double Taxation Avoidance Agreements (DTAA) to prevent double taxation.
- Execute Lower TDS & Repatriation Filings: WCP professionals prepare and submit Form 13 applications for lower TDS certificates on property sales and process Form 15CA/15CB for smooth bank repatriation.
- Fix Bank Account Structures: WCP professionals guide you through NRE, NRO, and FCNR account conversions, ensuring full compliance with RBI and FEMA guidelines.
- File Indian Tax Returns (ITR): WCP professionals prepare and file your Indian Income Tax Returns, claiming eligible foreign tax credits (FTC) and reporting disclosures accurately.
- Final Delivery: You receive filed ITR acknowledgments, certified Form 15CA/15CB forms, lower TDS certificates, and a FEMA compliance file.
Key deliverables
- NRI Residential Status & DTAA Assessment Report.
- Form 15CA / 15CB Certificates for International Fund Repatriation.
- Form 13 Lower/Nil TDS Certificate Application Filing.
- Non-Resident Income Tax Return (ITR) Filing & Verification.
Standard turnaround time
- 15CA / 15CB Repatriation Certification: 2 to 4 working days.
- Form 13 Lower TDS Certificate Processing: 30 to 45 working days (Income Tax Department processing timeline).
- NRI ITR Filing: 3 to 5 working days from data submission.
Government fees, timelines & key outcomes
No government fee for filing returns or advisory work; tax is payable on Indian income, and TDS on property sales or interest can be reduced through a lower-deduction certificate where justified.
Key outcomes: correct residential status, DTAA relief, FEMA-compliant accounts and investments, and smooth repatriation.
Forms & filings involved
- Form 15CA (Online Tax Declaration) & Form 15CB (CA Certificate).
- Form 13 (Application for Lower/Nil Tax Deduction Certificate).
- ITR-2
- ITR-3 Non-Resident Tax Returns and Foreign Asset Schedules.
Documents required
- Passport copy (with entry/exit stamp pages) and Overseas Tax Identity details.
- PAN Card, NRE/NRO Bank Statements, and TDS Certificates (Form 16A).
- Property sale agreements, purchase deeds, and valuation reports (for property sales).
What we need from you
- Exact calculation of days spent in India during the financial year.
- Complete details of Indian income sources and overseas tax payment proofs.
Important conditions
- DTAA benefits depend on valid Tax Residency Certificates (TRC) issued by the host country government.
- Repatriation limits must adhere strictly to the RBI's $1 Million annual limit rule for NRO accounts.
Additional information
The tax year must be clearly established before applying current income-tax provisions.
The estimated cost covers indicative professional fees only. Government fees, stamp duty and taxes are payable at actuals.
How it works
- 1. Raise a service enquiry describing your requirement.
- 2. A Relationship Manager reviews it and opens it for bidding.
- 3. Pay into escrow and assign the professional you select.
- 4. Track progress to completion, then accept and release payment.
Frequently asked questions
What is the difference between NRE and NRO accounts?
NRE accounts hold foreign earnings and are freely repatriable and tax-free in India; NRO accounts hold Indian income, which is taxable.
How much can an NRI repatriate from an NRO account?
Up to USD 1 million per financial year, after tax, with Form 15CA/15CB as required.
Do NRIs pay tax in India?
On income earned or received in India, with relief under the tax treaty with their country of residence.
Can NRIs buy property in India?
Yes, residential and commercial property, but not agricultural land, plantation or farmhouses.