NRI Taxation
Navigating the ever-evolving complexities of global tax laws and international real estate investments can be challenging, especially for Non-Resident Indians (NRIs). Managing your real estate investments in India and understanding and complying with relevant tax regulations is not easy.
Squarea offers a comprehensive suite of NRI Taxation Advisory Services – to simplify tax compliance, meet your NRI taxation needs, and maximise your returns on the investment.
If you are a seasoned real estate investor or a first-time investor, our team is available to assist you with services, like:
Computation and Planning of Capital Gain
As a part of tax planning services, we will calculate, plan, and optimise capital gains tax on your real estate investments.
TDS on Purchase of Immovable Property
Did you know that buying property from a resident involves a 1% TDS deduction? And involves filing a return Form 26QB, issuing Form 16B to the seller among other processes. Here our team can help you navigate this document and manage the tax exposure you will incur.
TDS on Sale of Immovable Property
Failing to comply with TDS regulations during property sale can also draw sizeable penalties. Our team will take you through your TDS obligations and ensure compliance with relevant regulations while you plan your sale.
Lower / Nil TDS Certificate
NRIs selling their property in India are subject to 20% TDS deductions irrespective of the sale price and profit or loss incurred. Squarea Team will work to obtain a lower or nil TDS certificate so you can such TDS deductions are minimised.
Filing of Income Tax Return
Timely filing of Income Tax Returns (ITRs) is essential to be in good standing with Indian tax authorities.
With our tax professionals ensuring accurate and timely income tax returns filing, your investor profile will always be compliant.
Managing Remittances
Special assistance and support on banking transactions related to real estate investments such as assistance in opening NRI/NRO bank accounts, managing remittances, and others are also available.
Assistance in Banking Transactions
Special assistance and support on banking transactions related to real estate investments such as assistance in opening NRI bank accounts, managing remittances, and others are also available.
IT Representation
Our NRI Taxation Advisory team can also represent you before Income Tax authorities to resolve any queries or disputes.
The Advisory Service is led by Ajay R. Vaswani, CA., CS, B. Comm. Ajay is also a Fellow Member of the Institute of Chartered Accountants of India (ICAI) and a Diploma in Information System Audit and Bank Concurrent Audit (ICAI). For specific queries or requirement, you can directly write to him at: hello@squarea.io