NRI Taxation

Within our Direct Tax Practice, NRI Taxation Advisory Services occupy a special niche.

Owing to globalization, the importance of FBAR / FEMA compliance has increased manifold. GKM offers its non-resident clients the following services:

• Investment & Tax Advisory & compliance with RBI & foreign exchange stipulations
• Making prescribed applications to Reserve Bank of India for various FEMA and RBI regulated transactions
• Advisory services related to FEMA / RBI matters
• Investments in foreign companies/partnerships by US citizens
• Reporting of a foreign gift
• PFIC investments
• Establishing WOS in USA / India
• Banking & Remittances

GKM assists non-resident Indians with the following FDI matters additionally:

• Allotment of Shares to non-residents
• Transfer of shares from Indian resident(s) to non-resident(s)
• Setting up Partnership / Partnership by NRIs or persons of Indian origin
• Complete FEMA compliance management

GKM also offers advice on the following NRI taxation issues to resident Indians and foreign nationals.

• Professional Preparation of Tax Returns.
• Application of advanced tax planning strategies.
• Indian Wealth Tax return Preparation.
• FEMA / RBI Related Services including Reparation of Income.
• Tax Representation in front of Statutory Authorities.
• E-Filing & Paper Filing of tax returns.

GKM also offers advisory support services in relation to Capital Gains arising from the transfer of a capital asset (shares or debentures of an Indian Company, gold, immovable property or any other capital asset)

Applicable to

• US residents having Income In India.
• First-year Migrants.
• Applicable to foreign nationals who own property in India and are required to file wealth tax returns.
• Indian Residents living abroad and having the income (Rental, Investment, etc) in India.