NRI Income Tax Filing – File ITR Online from Anywhere in the World

Yes, you can file a revised income tax return as a non-resident Indian (NRI), but you will be liable for late-filing fees.

July 31st is the last date for filing the NRI income tax return in India unless the government extends it.

FEMA is the Foreign Exchange Management Act, which was enacted in 1999. This is the primary law in India for governing foreign exchange transactions. The goal of FEMA certifications is to simplify and liberalize foreign exchange regulations, facilitating international trade payments and investments.
There are various types of FEMA certifications, like FEMA Compliance certification, CA certification for foreign remittance, FEMA validation certification, and more.

Form 15CA/CB is the tax document that is used when you need to send money abroad. Form 15CA is a declaration that can be filed online regarding the payment, while Form 15CB is a certificate issued by a Chartered Accountant (CA). In brief, these forms are used by the government to track foreign income and ensure that taxes are paid accurately.

Savetaxs helps NRIs file their income taxes with expert assistance, ensuring tax compliance for NRIs with respect to Indian tax laws and acts. Our team of experts will assist you with a range of income sources, including income from property sales, interest income, and share trading, among others. Savetaxs experts help NRIs navigate the complexities of the Indian tax system easily and ensure that all their tax obligations are fulfilled in a timely and accurate manner.  In brief, we are committed to providing the highest quality NRI tax services in India.

Savetax has expertise in planning tax returns for NRIs to maximize their tax returns and minimize liabilities, from understanding NRI tax status to considering all income sources, including DTAAs. With this, our approach also includes strategic investment planning, which takes into consideration the income and interest from your NRE and NRO accounts, as well as potential investments in tax-efficient mutual funds, real estate, fixed deposits, and bonds. 

Savetaxs doesn't leave you just there. We want our client to stick with us forever, and hence, we have our expertise in retirement planning strategies as part of our NRI tax planning services. Our team of experts is well-equipped with knowledge of all National Pension Scheme laws, offering tax benefits. With this, we can also assist with real estate investments, provident fund accounts, optimizing remittances, tax-efficient gifts, charitable donations, and everything that can save even a single penny from your hard-earned money. In a nutshell, all taxation services for NRIs are catered here.

The process of filing an NRI tax return with Savetaxs feels like a breeze because it's 100% digital and hassle-free, while providing around-the-clock tax filing assistance for non-residents. All you have to do is: 

Step 1: Submit the documents

Step 2: Review the computation sheet

Step 3: Return filed, and an acknowledgment for the same will be generated.

The Savetaxs team comprises professional CAs with a combined experience of over 30 years in foreign taxation, ensuring only the best NRI taxation services are provided. Some then include:

1. Our team assures that we will file your ITR promptly, ensuring you avoid any additional late fees.
2. We ensure that the entire NRI taxation services, including the ITR process, are streamlined.
3. We aim to maximize your tax refunds while minimizing your liabilities.
4. We take your privacy seriously, and hence, SaveTaxs does not share your data with anyone while keeping it end-to-end encrypted.
5. As NRI tax experts, we assure zero paperwork, hence file your ITRs with Savetaxs and save the planet as you do.
6. We provide around-the-clock assistance and comprehensive taxation services for NRIs, enabling you to file from anywhere, at any time. Everything is done from the comfort of your own home, so you don't need to come anywhere.

Form 67 is used by the taxpayer to claim the foreign tax credit. It must be filed along with your ITR if you have foreign income and have paid taxes abroad. In the event of an updated return filing, ensure that Form 67 is filed before submitting the updated ITR.

Yes, capital gains from the sale of shares are taxable for NRIs based on the holding period. 

Short-term capital gains (STCG): If shares are sold within a 12-month time frame, profits are taxed at a rate of 20%. However, long-term capital gains (LTCG) on shares held for over 12 months and the gains exceeding ₹1 lakh are taxed at a rate of 10%.