BDS

Returning NRI

Determining one’s residential status for tax and regulatory purposes and comprehending the tax advantages upon returning to India.

  •  Strategically planning the timing (date/month) of arrival in India to minimize global tax liabilities.
  • Handling and operating non-resident banking accounts upon returning to India, including understanding their tax implications.
  • Managing foreign assets, including the sale or retention of immovable property and investments acquired overseas.
  • Effectively managing foreign-sourced income and assets in compliance with Indian regulatory requirements.
  • Developing a retirement plan that encompasses the management of retirement funds held abroad and addressing the tax treatment of social security benefits received abroad
  • Filing income tax returns in both India and the foreign country, while making use of tax treaty benefits to prevent double taxation of income.