When handling complex financial matters like taxation, NRIs typically have additional issues to contend with. Whether rental income from Indian real estate, investments in the stock exchange, or capital gains, it can be bewildering to comprehend the taxation system. That is why NRI Income Tax Return Filing Services in Panaji by My Startup Solution have become a first preference for those seeking reliable, hassle-free tax compliance. With our filing support, proper documentation, and personalized tax planning, My Startup Solution ensures that NRIs living anywhere in the world remain compliant with Indian tax laws without any trouble. Call Now at +91-7081220800.
As an NRI, your income sources can extend across numerous countries, and your tax liability is generally more complex than for resident Indians. From knowing the correct ITR form to dealing with foreign income reporting and DTAA benefits, there's a lot to lose. Selecting a company like My Startup Solution for NRI income tax return filing services in Panaji near me provides you with access to experienced professionals who are NRI taxation experts. We provide you with local expertise in Panaji, remote convenience from anywhere in the world, and complete accuracy in return filing.
Of course, it is compulsory if your aggregate income in India is more than INR 2.5 lakhs in a year. Even if your income is below that, you might still want to file a return to claim a TDS refund or to forward capital losses. Filing also ensures a clean tax history. We simplify it for you at My Startup Solution. So, if you've been wondering if is it mandatory to file income tax returns for NRI in India, the short answer is yes in most cases—and we simplify it for you.
Here's a list of Indian-source income that is taxable for NRIs:
Income from renting property in India is taxable under "Income from House Property." You can claim usual deductions and municipal taxes paid.
Our trained professionals generally assist in the following things:
Capital gains occur when property, stocks, or mutual funds are sold. Its tax rate is asset type and holding period dependent.
We help with:
NRIs can invest in the Indian stock markets via PIS accounts. Short-term gains are taxed at 15%, and long-term gains over ?1 lakh are taxed at 10%.
Important note: Our professional financial consultant guarantees proper disclosure and SEBI and RBI compliance.
Foreign earnings won't be charged in India if you fall under the category of an NRI. However, if you file in error as a "resident," you will be taxed inappropriately.
Whether derived from interest earned on NRO accounts, dividends, or return on investment in mutual funds, income from investments for NRI is subject to Indian taxation policies. We help you properly classify your income, calculate tax on the type of instrument, and make correct TDS deductions. For instance, while interest obtained from NRE accounts is tax-free, interest earned from NRO accounts is actually subject to tax. Our services also help you receive refunds in case TDS deduction is in excess of requirements. Our experts inform you of any change in tax policy impacting NRI investments.
NRIs are also eligible to enjoy a few tax advantages under Indian law. Tax deductions and exemptions available for NRI include tax deductions under Section 80C (LIC, ELSS), 80D (health insurance), and capital gains exemptions if invested under certain sections. But all deductions for residents are not available to NRIs. That is why expert assistance is required. Our experts at My Startup Solution diligently check your eligibility and maximize your deductions with 100% compliance while filing ITR.
Selecting the appropriate ITR form is essential. This is a brief guide:
|
Income Type |
Applicable ITR Form |
|
Salary/House Property/Other Sources |
ITR-2 |
|
Business or Professional Income |
ITR-3 |
|
Presumptive Business Income (44ADA) |
ITR-4 |
With the help of our NRI Tax Consultant in Panaji, India Services, we guarantee precise form selection and electronic filing.
Delay in submitting your income tax return may result in a penalty and loss of some exemptions. As a rule, the due date for filing ITR for NRI is July 31st of the assessment year, pending extension by the Income Tax Department. For audits, this may be extended until October 31st. My Startup Solution ensures that all vital deadlines are carefully monitored on your behalf, reminding you in good time and submitting your returns much in advance. Steer clear of the eleventh-hour scramble and enjoy the peace of mind of submitting on time with the assistance of our experts.
At My Startup Solution, we know that NRIs are not simply searching for yet another tax service; they want a reliable partner who is familiar with the specific issues of non-resident taxation. We boast of being among the best NRI income tax return filing services in Panaji, catering to customers in the USA, UK, UAE, Canada, and elsewhere. We deal with every minute detail, right from document collection to e-filing. We also provide tax planning consultation, double taxation avoidance planning, and assistance in selecting the proper ITR form. With My Startup Solution, NRIs in Panaji have complete peace of mind.
If you are willing to use NRI e-tax filing services, contact My Startup Solution. Just call +91-7081220800. Don't hesitate about contacting our professional consultants directly. Whether your query is related to fees, documents, or eligibility, the professional team at My Startup Solution is always available to help you.
Yes, our operations are 100% online. You can upload documents, request answers to questions, and e-file your returns anywhere on the globe.
You will need PAN, bank statements, proof of income (rent, dividends), capital gain statements, and Form 26AS. We will guide you through the list.
Yes. If there is excess TDS deducted on rent, interest, or capital gains, we assist in claiming refunds under your income tax return.
Only if you are an RNOR (Resident But Not Ordinarily Resident) or resident. You are not expected to report foreign assets as an NRI unless your status is altered.
Yes. We are available in Panaji . You can fix appointments or contact us for professional NRI tax consultancy. By calling at +91-7081220800.
"Choosing 'My Startup Solution' for my startup's accounting needs was one of the best decisions I made. The team's dedication to accuracy and their personalized approach to my financial situation set them apart. They go above and beyond to ensure I'm well-informed and compliant, allowing me to focus on my business's growth."
"The team at 'My Startup Solution' has been a true partner in my entrepreneurial journey. Their insightful financial guidance and meticulous attention to detail have helped me navigate complex financial matters seamlessly. With their support, I can confidently steer my startup toward success, knowing that my financial matters are in capable hands."
