We, CAPS & Associates., Chartered Accountants in Kolkata provide assistance to Non Resident Indians and Foreign Nationals for following services-
Managing Indian financial obligations from abroad is one of the most stressful aspects of being an NRI. Between navigating the Income Tax Act's NRI provisions, FEMA regulations, TDS on NRI income, NRO/NRE account management, and repatriation rules — a single misstep can create significant financial and legal complications.
CAPS & ASSOCIATES provides specialised NRI taxation and financial services from our office in Lake Gardens, South Kolkata. We serve NRI clients across the USA, UK, Australia, Singapore, Canada, and Europe — offering the same quality of professional service remotely as we do in person.
NRIs earning income in India — from rent, interest, dividends, capital gains, or any other source — are required to file an Indian Income Tax Return. We assess your residential status under the Income Tax Act, determine your taxable income in India, claim applicable DTAA (Double Tax Avoidance Agreement) benefits, and file your return accurately.
When an NRI sells immovable property in India, the buyer is required to deduct TDS at 20% on the sale consideration (or higher for long-term capital gains). This often results in excess TDS deduction. We apply for a Lower Rate TDS Certificate under Section 197, potentially saving you lakhs in upfront tax outflow.
The Foreign Exchange Management Act (FEMA) governs all cross-border financial transactions for NRIs. We advise on FEMA-compliant repatriation of funds from India, regularisation of non-compliant assets, and filings required under the RBI's Liberalised Remittance Scheme (LRS).
A Permanent Account Number (PAN) is mandatory for NRIs with taxable income in India, property transactions, or financial account operations. We assist in the complete PAN application process — including documentation specific to NRI applicants.
We advise NRIs on the differences between NRO, NRE, and FCNR accounts — helping you structure your Indian banking arrangements to be FEMA-compliant, tax-efficient, and suited to your repatriation needs.
NRIs disposing of Indian assets — property, shares, mutual funds — have specific capital gains tax obligations and reinvestment options. We calculate your gains, identify reinvestment options under Sections 54, 54EC, and 54F, and ensure DTAA claims are properly made to avoid double taxation.