Guide to Residential Status of Individual – Finance Act, 2020
04 May, 2022
An NRI is an Indian who is residing outside of India and is not under the Income-Tax Act of India but that doesn’t mean that he or she cannot do business in India. NRI’s establish their office and business here also but need to follow some rules and regulations of India. They generally face dire investments and financial issues and this is the time when you require an expert who can guide you and deliver you the best investment, legal services and NRI Taxation in India. We are backed by our office in New Delhi and cater the best accounting services in India.
VDC helps its clients getting the best services through preparing them for the income tax returns and benefits, tax advice based on the advanced tax planning which is further based on the particular needs of its clients. We teach them how to be a good business runner and how to get the maximum amount of benefits out of the tax regulations rules related to the NRIs. We have some expert NRI Tax Advisor in India and team members who prepare a summary of your Non Resident Indian Taxation in India requirements and review on it. You can directly take advice from the well-skilled service providers for better results and profits.
We cater some services that require skills like representation, planning and documentation and tax consultancy services like:
We are the acing service provider to the NRIs and the ones who are non-resident in India but desire to establish their business here.
We assist the expatriates in finalizing the computation for the relevant financial year and filing the income tax return before the due date i.e. 31st July of the next financial year. We also help the expat to disclose the overseas foreign assets and liabilities in case it’s applicable.
Prior to final departure from India, we can help the expat to obtain an Income-Tax Clearance Certificate (‘ITCC’) from the Indian tax authorities and get the FRRO cancelled. The ITCC is required to be presented to the immigration authorities.