Comprehensive tax and compliance advisory for NRIs on NRE/NRO/FCNR deposits, DTAA benefit claims, interest income from Indian banks, and transfer of inherited property or assets — structured to protect and optimise your Indian wealth.
From NRE/NRO/FCNR deposit taxation to DTAA claims, Indian bank interest compliance, and inherited asset transfer advisory — every dimension of NRI wealth compliance, handled.
The tax treatment of interest earned on NRE, NRO, and FCNR deposits differs significantly. NRE savings and fixed deposit interest is fully exempt from Indian income tax for qualifying NRIs, while NRO deposit interest is fully taxable and subject to TDS at 30% (plus surcharge and cess). FCNR deposits denominated in foreign currencies carry their own exemption conditions. We advise on the correct tax position for each deposit type, eligibility conditions, TDS implications, and how to structure deposits to optimise post-tax returns within the FEMA framework.
India has Double Taxation Avoidance Agreements with over 90 countries. NRIs resident in treaty countries may be eligible to have interest, dividend, capital gains, or other income taxed at reduced treaty rates — or exempted entirely — rather than at the standard Indian rates. Claiming DTAA benefits requires furnishing a valid Tax Residency Certificate (TRC), Form 10F, and in some cases a self-declaration to the deductor. Errors in this process can result in excess TDS deduction with a complex refund cycle. We manage the entire DTAA claim process, from eligibility analysis to documentation and deductor coordination.
Interest income earned by NRIs from Indian bank accounts — whether NRO savings, NRO fixed deposits, or other interest-bearing instruments — must be correctly reported in the Indian income tax return. This income is taxable in India at applicable rates, with TDS typically deducted by the bank. We ensure accurate reporting of interest receipts, reconciliation of TDS credits in Form 26AS, correct deduction claims, and ITR disclosure, while also advising on DTAA treaty positions where applicable to reduce the effective tax rate on such interest.
When an NRI inherits property, investments, bank balances, or other assets in India, a series of tax, FEMA, and succession law obligations arise — from obtaining a succession certificate or probate, to repatriating funds overseas, managing capital gains on a subsequent sale, and ensuring RBI compliance on the remittance. We provide end-to-end advisory covering inheritance tax implications (India currently has no inheritance tax, but capital gains arise on sale), FEMA rules on repatriation of inherited assets, TDS obligations on the buyer, and correct ITR disclosure.
India's tax treaties with major NRI destinations specify preferential rates on interest, dividends, and capital gains. We identify and apply the most beneficial position for each client.
We advise on treaties with 90+ countries including Canada, Singapore, Australia, Netherlands, Germany, and more. Rates are indicative — applicable rate depends on income type and treaty conditions.
A structured four-step approach — from deposit profiling and treaty analysis to ITR reporting, refund recovery, and inherited asset management.
We map all Indian financial interests — NRE, NRO, FCNR accounts, inherited assets, and investments — to understand the full tax and compliance landscape.
We assess treaty applicability, determine the beneficial rate, and manage TRC procurement, Form 10F filing, and deductor communication for reduced TDS.
Interest income and investment receipts are reported in the correct ITR schedules. TDS credits are reconciled with Form 26AS and AIS, and refunds are tracked to closure.
For inherited assets, we manage succession documentation, capital gains computation on sale, FEMA repatriation compliance, and TDS obligations — end to end.
From Gulf-based NRIs with NRO fixed deposits to UK residents inheriting property in Mumbai, our investment and wealth compliance practice is built on treaty expertise, FEMA knowledge, and rigorous tax advisory.
We combine tax treaty knowledge with FEMA compliance — essential for NRIs whose Indian wealth spans deposits, investments, and inherited assets.
Every step — document collection, treaty filing, ITR submission, and refund tracking — is handled digitally. No India visit required.
Banks often deduct TDS at 30% on NRO interest when DTAA rates of 10–15% apply. We recover the excess through treaty claims and ITR refunds.
Each client has a dedicated manager who monitors their Indian asset portfolio, annual filing calendar, and is available across time zones.
Whether you need DTAA benefit claims on NRO interest, tax structuring on NRE/FCNR deposits, compliance on inherited property, or end-to-end wealth reporting — we are ready. No India visit required.
4th Floor, Solitaire 1, New Link Rd, Malad West, Mumbai 400064.
+91-8169820387 | 022-46022657