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How NRIs can save tax?

S2NRI stretches its helping hand to provide Non-residents of India (NRIs) relief in tax payment. On being authorized by you, we put every possible effort for saving your tax via Tax Exemption Certificate.

ManojSodhani
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How NRIs can save tax?

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  1. How NRIs Can Save Tax? Any non-resident of India is considered as liable for paying tax over capital gains. But Tax Exemption Certificate provides them rebate partially or fully on tax payment.

  2. Who Is An NRI under Income Tax /Wealth Tax Act? A non-resident is termed as the one not in India for: • 182 or more days during relevant previous year • 60 days or more during previous year • 365 days or more during 4 years prior to previous year • Returned NRI permanently to India (RNOR)

  3. Who Comes Under Resident But Not Ordinarily Resident (RNOR)? • NRI for 9 consecutive years • Resident during previous 7 years prior to the previous year

  4. Is there any tax deduction for NRIs? If yes, then how & who provides? • Yes, it is. • Assessing Officer provides Tax Exemption Certificate for lower or nil Rate of TDS. How much time is valid for Tax Exemption Certificate (TEC)? • 1 to 3 years What is the tax exemption limit for NRIs’ interest income? • Less than Rs. 1,50,000 (Can apply for TEC)

  5. When & how much tax is chargeable over NRIs’ interest income? • When their interest income exceeds Rs. 2,00,000. • Chargeable tax: 33.99% • *Can apply for TEC

  6. What if an NRI Earns Profit Against Losses? • If he/she undergoes loss on selling partial shares & later gains on the sale of remaining shares, his/ her will be liable for paying tax. It will be calculated on capital gain at prescribed maximum rate. • *Can apply for TEC

  7. Is re-investment of capital gains exempted from tax? Re-investment may be exempted partially or fully but the tax is deducted from capital gains.

  8. Will Tax Be Deducted Over NRIs’ Buy Back of Shares? • Yes, it will be charged at 33.99% or 22.66% on capital gains. • *Can apply for TEC

  9. Contact to S2NRI SERVICES 2 NRI Corporate Office : Office # 511, The Summit Business Bay, AndheriKurlaRoad, Opp. Western Express Highway Metro Station, Andheri East, Mumbai – 400069, INDIA.Email ID :support@services2nri.com Website Url :https://www.services2nri.com

  10. Thank you for Watching

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