Consulting on NRI Matters
We have creditable experience of providing multitude of services to a diverse client profile. Non resident Indians comprise a substantial portion of our client base.
We provide a range of services to our NRI clients. Our client profile includes
- Non resident Indians who have/ intend to have investments in India
- Non resident Indians who inherit assets in India
- Non resident Indians/ Non-residents who have / intend to set up a business in India
- Returning NRI
- Emigrating Indian/ New NRI
But foremost, it is very important to understand that who is considered Non-Resident in India?
Who is a Non resident Indian NRI?
An NRI is a person resident outside India, who is a citizen of India or is a person of Indian origin. Under the Foreign Exchange Management Act (FEMA), generally, a person is resident outside India if he is in India for less than 182 days during the course of the preceding financial year and also includes any person who stays abroad:
- For the purposes of carrying out employment or any business or vocation
- Under circumstances indicating an intention to stay outside India for an uncertain duration;
- Any Indian citizen deputed outside India for a temporary period in connection with employment
- For education
Where can we help?
- Determination of your residential status in India
- Interpretation of DTAA with a view to reduce tax liability in India
- Handling of issues relating to inheritance, will, etc.
- Application for Permanent Account Number (PAN)
- Filing of India tax return
- Advising suitable tax saving investments
- Representation before tax authorities, in case required
- Opening if various bank accounts and compliances thereon
- Various compliances in regard to repatriation of funds/investments/property, etc
PERSON OF INDIAN ORIGIN (PIO)
You are a Person of Indian origin [PIO] if you are a citizen of a foreign country (other than a citizen of Bangladesh or Pakistan ) and:
- You have at any time held an Indian Passport OR
- You or either of your parents or any of your grandparents were citizens of India by virtue of the
Constitution of India or the Citizenship Act, 1955 OR
- You are the spouse of an Indian citizen or of a person of Indian origin (other than of Pakistan or
As mentioned above (For Persons of Indian Origin)
The benefits accruing to a PIO card holder:
- No requirement of visa to visit India;
- No separate 'student Visa' or 'Employment Visa' requirement for admission in colleges/ institution or
for taking up employment respectively;
- Facilities available to children of NRIs for getting admission to educational institutions in India
including medical colleges, engineering colleges, Institute of technology, Institute of management,
etc. under general categories.
- Facilities available under the various housing scheme of LIC, State Government and other
- Special counters at the immigration check posts for speedy clearance.
Where can we help?
- Application for issue of PIO card
- Follow up with the authorities for speedy issue of PIO card.
- Application for issue of duplicate PIO card (in case of loss, theft etc)