Manisha Mohol and Associates provide tax consultancy services for non-resident Indians (NRIs) to ensure they comply with Indian tax laws and regulations. Our team of experienced chartered accountants helps NRIs navigate the complex tax system in India and minimize their tax liabilities. Our NRI tax services are catered to each case, wherein clients discuss their specific cases with us and based on which we offer the service.
We assist NRIs in understanding their tax obligations in India, including the tax implications of their income and investments, and help them file their tax returns accurately and on time. We also provide guidance on tax-saving investments and strategies to minimize their tax liabilities.
Our services for NRIs include:
- Tax planning and advisory services: Our team helps NRIs plan their investments and optimize their tax position in India, ensuring compliance with tax laws and regulations.
- Tax return filing: We help NRIs prepare and file their tax returns in India, ensuring timely compliance with tax laws and regulations.
- NRI taxation: We assist NRIs in understanding their tax liabilities in India and provide guidance on the tax implications of their income and investments.
- Taxation of investments: We provide guidance on the tax implications of investments made by NRIs in India, including property, stocks, mutual funds, and other assets.
- Double taxation: We help NRIs avoid double taxation by ensuring compliance with tax laws in both India and their country of residence. List of countries covered under DTAA is here
At Manisha Mohol and Associates, we understand the unique needs and challenges faced by NRIs when it comes to taxation in India. Our team of experts is dedicated to providing comprehensive tax consultancy services to ensure our clients are compliant with tax laws and regulations while minimizing their tax liabilities.
Various forms and certifications done by Manisha Mohol and Associates for NRI clients
Manisha Mohol and Associates, Chartered Accountants, provide various forms and certifications for Non-Resident Indians (NRI) to comply with Indian tax laws. These forms and certifications include:
- Tax Residency Certificate (TRC): NRIs need to obtain a TRC from the tax authorities of their resident country to claim tax benefits under the Double Taxation Avoidance Agreement (DTAA) between India and that country. Manisha Mohol and Associates assist NRIs in obtaining a TRC by providing the necessary documentation and filing procedures. Read our blog on this here.
- Form 15CA and 15CB: When an NRI remits money from India, they need to file Form 15CA and 15CB with the tax authorities to comply with Foreign Exchange Management Act (FEMA) regulations. Form 15CA is an online declaration, and Form 15CB is a certificate issued by a Chartered Accountant. Manisha Mohol and Associates help NRIs in filing these forms by verifying the purpose of remittance and ensuring that the remittance complies with FEMA regulations. Read our blog on this here
- Income Tax Return (ITR): NRIs need to file an income tax return in India if their income exceeds the minimum taxable limit. Manisha Mohol and Associates assist NRIs in preparing and filing their income tax returns, taking into account the tax benefits available under the DTAA.
- Certificate of Indian Taxation: NRIs who have income in India need to obtain a Certificate of Indian Taxation to claim a credit for Indian taxes paid in their resident country. Manisha Mohol and Associates assist NRIs in obtaining this certificate by filing their income tax returns and obtaining the necessary documentation from the tax authorities.
- Certificate of No Income: NRIs who do not have any income in India need to obtain a Certificate of No Income to claim exemption from tax deducted at source (TDS) on certain types of income. Manisha Mohol and Associates assist NRIs in obtaining this certificate by verifying their income status and filing the necessary documentation with the tax authorities.
In summary, Manisha Mohol and Associates provide various forms and certifications to assist NRIs in complying with Indian tax laws, including TRC, Form 15CA and 15CB, ITR, Certificate of Indian Taxation, and Certificate of No Income.