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.

Reach out to us to discuss on your questions regarding NRI taxation, business setup in India / USA, GST returns filing, transfer pricing or any other questions.

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