NRI Returning to India Consultancy

Indian Citizens go abroad for employment (Non-Resident Indians ‘NRI’). Many of them obtain foreign citizenship also (Person of Indian Origin ‘PIO’). Many of these NRIs, OCIs, PIOs or their children, due to their roots in India or various other reasons, plan to come back to India. Also, many foreign citizens come to India for business or employment also. In these circumstances, it is important for them to know and understand the Indian regulations with regard to Income Tax as well Foreign Exchange Laws.

We offer the following services:

• Planning the date and month of return to India so as ensure minimum tax liability in the year of return (i.e. April to March)

• Conversion of NRO & NRE Deposits into Resident Account

• Conversion of Foreign Currency to Non- Resident (FCNR) A/c to Rupee Account or RFC A/c

• Compliances regarding repatriation of assets to India

• Procedure for re-designation of all Indian bank accounts

• Opening of ‘Resident foreign currency’ (RFC) account

• Compliance in respect of the Indian Income-tax Act, 1961 e.g. application for PAN in case you do not have a PAN.

• Facilitate re-investment of sale proceeds of assets acquired outside India.

• Plan tax liability in India

Assistance in Filing Return of Income