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NRI Income Tax Return

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Filing income tax returns in India as a Non-Resident Indian (NRI) can be complex, given the different tax regulations and residency status requirements. Regitimate offers expert NRI Income Tax Return (ITR) services. helping NRIs fulfill their tax obligations smoothly and efficiently. Our team of experienced CAs and legal professionals ensures accurate tax filing and compliance with the Income Tax Act, 1961.

Understanding NRI Income Tax:

An individual’s residency status in India for a given financial year is determined based on their duration of stay and the income earned or accrued within India. Tax obligations differ for residents and non-residents, making it crucial to establish your residential status before filing your ITR.

Residential Status Criteria Who Needs NRI ITR Services?
  • Spent 182 days or more in India during the financial year (April to March).
  • Spent at least 60 days in India during the financial year and a cumulative total of 365 days over the four preceding financial years.

For individuals who don’t meet the above criteria but may qualify for deemed residency, you should verify if you:

  • Are not liable to pay taxes in any other country.
  • Have an income exceeding ₹15 lakh sourced from India in the relevant financial year.
  • NRIs earning rental income, capital gains, or dividends in India.
  • Individuals with income exceeding ₹2.5 lakh under the old tax regime or ₹3 lakh under the new tax regime.
  • NRIs selling property or assets in India.
  • Professionals earning income from India-based contracts.
Our NRI ITR Filing Services:

Residential Status Assessment:

Determining your tax liability based on residency.

Income Calculation:

Accurate computation of taxable income from Indian sources.

Tax Planning:

Optimizing deductions and exemptions for NRIs.

Form Preparation:

Filing the correct ITR form based on income type and residency.

Tax Payment Support:

Ensuring timely advance tax and self-assessment tax payments.

Refund Processing:

Tracking and securing timely tax refunds.
Why Choose Regitimate?

Expert Guidance:

Qualified CAs with extensive NRI taxation experience.

Compliance Assurance:

Complete adherence to the Income Tax Act, 1961.

Tailored Solutions:

Personalized tax strategies for individual financial profiles.

End-to-End Support:

From documentation to filing and refund tracking.

Transparent Pricing:

No hidden costs or surprises.

Quick Processing:

Fast and accurate filing with timely submission.
Frequently Asked Questions (FAQ's):
Do NRIs need to file an income tax return in India?

Yes, if your income from India exceeds ₹2.5 lakh under the old tax regime or ₹3 lakh under the new tax regime.

What type of income is taxable for NRIs in India?

Income earned or accrued in India, such as rental income, capital gains, interest, and dividends.

How is residential status determined for tax purposes?

Based on your duration of stay in India and income sourced from India, as defined by the Income Tax Act, 1961.

Can NRIs claim deductions under Section 80C?

Yes, NRIs can claim certain deductions like life insurance premiums, ELSS, and principal repayment on home loans.

What happens if an NRI doesn’t file an ITR on time?

Late filing can attract penalties, interest on unpaid taxes, and loss of certain exemptions.

How can Regitimate help with NRI ITR filing?

We provide complete assistance from tax planning to accurate filing and refund management.

Is it mandatory for NRIs to link their PAN with Aadhaar?

Yes, unless exempted by specific conditions laid out by the Indian tax authorities.