How NRIs can save tax?

1
How NRIs Can Save Tax?

• Any non-resident of India is considered as liable
  for paying tax over capital gains. But Tax
  Exemption Certificate provides them rebate
  partially or fully on tax payment.

2
Who Is An NRI under Income Tax /Wealth Tax Act?

• A non-resident is termed as the one not in India
  for

• 182 or more days during relevant previous year
• 60 days or more during previous year
• 365 days or more during 4 years prior to previous
  year
• Returned NRI permanently to India (RNOR)

3
Who Comes Under Resident But Not Ordinarily
Resident (RNOR)?

• NRI for 9 consecutive years
• Resident during previous 7 years prior to the
  previous year

4
Is there any tax deduction for NRIs? If yes, then
how who provides?

• Yes, it is.
• Assessing Officer provides Tax Exemption
  Certificate for lower or nil Rate of TDS.

• How much time is valid for Tax Exemption
  Certificate (TEC)?
• 1 to 3 years

• What is the tax exemption limit for NRIs
  interest income?
• Less than Rs. 1,50,000 (Can apply for TEC)

5
When how much tax is chargeable over NRIs
interest income?

• When their interest income exceeds Rs. 2,00,000.
• Chargeable tax 33.99
• Can apply for TEC

6
What if an NRI Earns Profit Against Losses?

• If he/she undergoes loss on selling partial
  shares later gains on the sale of remaining
  shares, his/ her will be liable for paying tax.
  It will be calculated on capital gain at
  prescribed maximum rate.
• Can apply for TEC

7
Is re-investment of capital gains exempted from
tax?
Re-investment may be exempted partially or fully
but the tax is deducted from capital gains.
8
Will Tax Be Deducted Over NRIs Buy Back of
Shares?

• Yes, it will be charged at 33.99 or 22.66 on
  capital gains.
• Can apply for TEC

9
Contact to S2NRI

• SERVICES 2 NRI
• Corporate Office Office 511, The Summit
  Business Bay, Andheri Kurla Road, Opp.
  Western Express Highway Metro Station,
  Andheri East, Mumbai 400069, INDIA.Email
  ID support_at_services2nri.com
• Website Url https//www.services2nri.com

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