Selling my ancestral property in India while living in Canada was a nightmare waiting to happen. I was worried about the capital gains tax and the 20% TDS. The team handled everything. They calculated the exact capital gains, applied for a lower TDS certificate which saved me a huge upfront tax payment, and guided me on reinvesting the proceeds under Section 54EC to legally eliminate the tax. It was incredibly smooth.
Every year, filing my Indian taxes was a scramble. I wasn't sure what income was taxable or how to claim DTAA benefits. Now, it's completely hands-off. They proactively collect my documents, ensure I get full credit for taxes paid in the UK, and file my return on time. I no longer dread the July 31st deadline.
Returning to India permanently is both exciting and complex. A change in your residency status can expose your global income to Indian taxation if not planned properly. Our specialized transition planning ensures you make this move strategically—preserving your wealth, minimizing tax, and staying fully compliant.
Residency Status Planning (RNOR)
We help you optimize the timing of your return to qualify as Resident but Not Ordinarily Resident (RNOR) for up to 2–3 years. This special status allows you to be treated like an NRI for tax on foreign income—a critical window for tax-efficient restructuring.
Account & Investment Transition Strategy
We guide you through converting NRE/NRO accounts into Resident accounts (including RFC accounts), restructuring Demat holdings, and realigning your investments for full compliance and operational ease.
Foreign Asset Management & Disclosure Advisory
Once you become a resident, you must report foreign assets under Indian tax laws and the Black Money Act. We provide end-to-end guidance to ensure complete compliance while protecting your global portfolio.
RNOR (Resident but Not Ordinarily Resident) status allows returning NRIs to be taxed in India only on Indian income, not foreign income, for a limited period (usually 2–3 years). This creates a valuable tax planning window.
You must re-designate them into resident accounts (or RFC accounts for foreign currency holdings). We ensure this transition is handled smoothly without disrupting your banking or investments.
Non-disclosure can lead to severe penalties under the Black Money Act, including hefty fines and possible prosecution. We make sure all disclosures are done correctly and on time.
Ideally, 12–18 months before you move back. This allows enough time to optimize residency status, restructure assets, and avoid last-minute tax surprises.
Your trusted partner in business setup, compliance, and growth advisory in India and abroad.
© 2025 CA Vijay Singh & Co. All Rights Reserved
