NRI Taxation & FEMA Compliance
Non-Resident Indians (NRIs) are subject to specific provisions under the Income Tax Act and the Foreign Exchange Management Act (FEMA). At Abhay C. Asknani & Co., we assist NRIs with tax compliance, documentation, and procedural requirements applicable to income earned or assets held in India.
Our services focus on correct reporting, lawful compliance, and adherence to FEMA and tax regulations.
What We Offer
NRI Income Tax Filing
- Preparation and filing of Income Tax Returns for NRIs and persons of Indian origin.
- Reporting of income from rent, capital gains, interest, investments, or other Indian sources.
- Assistance with documentation required for foreign income disclosure (if applicable).
TDS on NRI Transactions
- Support with TDS provisions on property sales, rental income, and other payments to NRIs.
- Assistance with Form 15CA/15CB documentation within ICAI guidelines.
FEMA Compliance Guidance
- Guidance on FEMA provisions applicable to investments, repatriation, NRO/NRE accounts, and property transactions.
- Clarifications on applicable reporting requirements.
Residential Status Determination
- Assistance in determining residential status as per Section 6 of the Income Tax Act.
- Guidance on implications of residential status on taxability.
Capital Gains Working for NRIs
- Computation of capital gains on sale of property or securities.
- Assistance with documentation, indexation and statutory working papers.
Support with Repatriation-Related Documentation
- Assistance in preparing working and required documents for repatriation requests (within ICAI-permitted scope).
- Ensuring compliance with FEMA norms and banking procedures.
Our Approach
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Law-Aligned – Guidance based strictly on the Income Tax Act and FEMA regulations.
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Accurate Documentation – Complete and clear working papers for tax and FEMA-related requirements.
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Clarity in Compliance – Helping NRIs understand obligations for property, investments, and income in India.
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Confidential & Systematic – Mature documentation handling and structured processes.
Get in touch
Contact Us Today
501, Shilp Satved, Besides Sindhubhavan, Sindhubhavan Road, Bodakdev, Ahmedabad - 380059