The business opportunities in India have extensively increased creating an investment-friendly environment for Non-Resident Indians (NRIs) considering the economic, demographic, geographical, and government initiatives taken in recent days. The Government of India took several economic reforms to attract foreign investment in India by offering facilities for NRIs in terms of investment benefits, tax benefits etc. However, the Income Tax Rules applicable to NRIs is different from those applicable to Resident Indians. NRI taxation in India is a constant matter of concern for the vast number of Indians living all over the world who have to send money to home and make investment planning for themselves and their family. The concept of ‘Deemed Residency’ announced in Finance Act 2020 has also created some ambiguity related to residency of individual and taxation of income in India.
ASC Group’s NRIs Business Desk has a rich experience of 25 years in providing financial, management, legal, consulting, and advisory services to NRIs. We have a dedicated team of professionals & experts who serve to NRIs on several matters. The detailed list of services being provided by ASC to NRIs are as under:
A. Trust & family settlement
B. Property and Assets Management
C. Tax Returns & Assessments
D. Incidental Services
ASC team has also made a detailed presentation dealing with “Taxability of NRIs” in India covering following topics for the reference and understanding of NRIs:
ASC team has very good and thorough knowledge on taxation and other matters. I used their services for sale of immovable property in Gurgaon. They advised me not only on income tax matter but also for finding prospective buyer, paperwork for transfer of property and way out to save my capital gain tax. Big thanks to ASC Group!!
I have several investments in India like in property, shares, mutual funds, deposits etc. and controlling all of them sitting in USA was a tedious job for me. My friend has referred me to ASC Group which is providing one stop solution for all matters. I am delighted to use their professional services at a very reasonable fee.
I have engaged ASC for handling the income tax assessment against notice issued by Tax Department. Without my visit to India, it was handled and concluded smoothly. I felt that they always believe in making the relationship & giving best solution to clients. Their tag line fit very appropriately i.e. comprehensive solution for complex business matters.
I am an NRI for last 5 years and changed country locations thrice due to business and personal priorities. Managing India Income Tax Return (ITR) had been a challenge due to changes in Income Tax Rules & Regulations. But I am happy to be associated with ASC Group for addressing all my ITR needs in professional and time bound manner, most importantly compliance for Indian citizens as we like to be!!