Moving Out of India Consultancy
We provide guidance and assist in all the steps in moving out of India right from evaluating the residential status to obtaining the Tax Residency Certificate (TRC) from the country of residence.
Dinesh Aarjav & Associates specialised in Providing NRI Consultancy Services with more than 25 years of experience. We are a global firm with offices across 5 Nations and presence across multiple states of India. With our expertise in local laws of US, UK, Canada, UAE, Dubai, Australia and India, we become a one stop solution for any NRI, OCI, or Expatriates problems. We provide all NRI services such as Setting up a Business In India or Abroad, Sale of Property in India for NRI, Moving Abroad Advisory, NRI Returning to India Advisory, Investing in India Advisory, Estate Planning, Compliances & Disclosures, Double Taxation Avoidance Agreement Making, and NRI Tax Planning & Advisory services.
We provide guidance and assist in all the steps in moving out of India right from evaluating the residential status to obtaining the Tax Residency Certificate (TRC) from the country of residence.
Citizens of India or Persons of Indian Origin (PIO) who live out of India are called NRIs. 95% of NRIs maintain residences, properties, investments, and businesses in India and therefore it becomes essential to understand the tax implications of the same as per Indian tax laws. Dinesh Aarjav & Associates has been providing NRI taxation services for more than two decades now with a focus on providing personalised solutions for our NRI & OCI clients to meet their financial goals. Our team of experienced NRI tax consultants specialise in offering NRI tax advisory services to reduce your income tax burden and ensure adherence to Indian tax regulations. We guide NRIs to navigate the complexities of tax structures for investments and businesses in India, providing advice on the most tax-efficient methods for remitting funds. Reach out to us today and let our expertise in NRI tax planning services help you meet your taxation needs
Terms and Conditions Introduction These Terms and Conditions govern the rendering of professional services, including tax consultancy, audit services, financial advisory, and related offerings by Dinesh Aarjav & Associates (DAA). By engaging with our services, you agree to following Terms and Conditions: Services Information DAA provides detailed descriptions of the services offered, including tax advisory, audit engagements, NRI consultancy, and corporate financial solutions. We aim for accuracy, but variations may occur based on the specifics of each engagement. Clients are encouraged to consult with us for tailored services and clarification on particular requirements. Pricing Service fees may be quoted in multiple currencies, including INR (Indian Rupees), USD (US Dollars), GBP (British Pounds), EUR (Euros), AED (United Arab Emirates Dirhams), or others as agreed. The currency and applicable exchange rates will be clearly stated in the service agreement. All fees, unless explicitly mentioned, include applicable taxes based on the client’s jurisdiction. DAA reserves the right to adjust fees based on changes in regulations or the scope of the service. Any such changes will be communicated in writing to clients. Currency Conversion and Payments Payments for services can be made in the agreed currency as per the invoice. In the case of foreign currency transactions, the exchange rates prevailing at the time of payment processing will apply. The client is responsible for any bank charges, conversion fees, or transaction costs imposed by financial institutions. DAA accepts payments through NEFT, RTGS, UPI, wire transfers, and major credit/debit cards, depending on the currency and client location. Any additional fees or surcharges related to the payment method will be the responsibility of the client. Service Engagement Service engagements with DAA are subject to acceptance based on client needs, our capacity, and regulatory requirements. DAA reserves the right to refuse service to any client without providing reasons, although explanations will be provided where feasible. Delivery of Services DAA commits to delivering all engagements within the agreed timelines. However, delays may occur due to unforeseen circumstances such as regulatory changes or client-related issues. Clients will be informed promptly of any significant delays, and the timeline will be adjusted accordingly. Refund and Cancellation Policy Service Cancellations Clients may request service cancellations at any time before work commences. If significant work has already been performed, DAA reserves the right to charge for time and resources expended up to the point of cancellation. Cancellations must be requested via email at info@dineshaarjav.com. Refunds Refunds are applicable in cases of non-performance or major errors on our part. Refund requests must be submitted within 15 days of service completion, detailing the reasons for dissatisfaction. Refunds will be processed via the original payment method and currency, and may take 7-10 business days or the next billing cycle to reflect in your account. Refund amounts may vary based on currency fluctuations and are subject to the exchange rates at the time of the refund. Non-Refundable Services Custom financial solutions, consultancy involving third-party services, or engagements under retainer agreements are non-refundable unless there is a failure to perform as per the agreement. Client Responsibilities Clients are expected to provide complete and accurate information and necessary documentation for timely and efficient service delivery. Delays or issues arising from incomplete or inaccurate information are not the responsibility of DAA. Liability Limitation DAA is not liable for any indirect, incidental, or consequential damages arising from advice or services rendered. Our liability, if any, is strictly limited to the fees paid for the particular service in question. Governing Law These terms and conditions are governed by the laws of India, and any disputes will be subject to the exclusive jurisdiction of the courts in Delhi, India. Shipping & Delivery Policy (For Digital Deliverables) Since most services are provided digitally (reports, tax filings, etc.), we will deliver service-related documents via secure online channels. Delivery times will be agreed upon during the service engagement. Contact Information For any assistance with refunds, cancellations, or queries related to services, contact us at info@dineshaarjav.com or call us at +91-9899969645. Privacy Policy Introduction At Dinesh Aarjav & Associates (DAA), we are committed to protecting your privacy. This Privacy Policy outlines how we collect, use, and safeguard your personal information when you engage with our services. Information We Collect Personal Data: Includes name, contact details, financial data, and documentation required for services like tax filings and audits. Non-Personal Data: Browsing information and site usage patterns when you visit our website. Use of Information We use the information to: Provide and deliver our services. Communicate updates related to your service engagement. Comply with legal obligations. Data Sharing We do not share your personal data unless required by law or necessary to deliver our services (e.g., collaborating with third-party service providers). Data Security We implement strict security measures to protect your personal data from unauthorized access. However, no method of transmission over the internet is entirely secure. Your Rights You have the right to access, modify, or request the deletion of your personal information. For any such requests, please contact us at info@dineshaarjav.com.
Income can be subject to double taxation when it is taxed both in the country where it's earned, often referred to as the 'source country,' and in the country where the person earning the income resides, known as the 'residence country.' For instance, consider a scenario where a Non-Resident Indian (NRI) resides in the USA but earns income in India. In such cases, the NRI is liable to pay taxes on their income both in the source country, India, and in their residence country, the USA.
The taxability of an individual in India depends upon one’s residential status in India for any particular financial year. The term residential status has been defined under the income tax laws of India and must not be confused with an individual’s citizenship in India. An individual may be a citizen of India but may end up being a non-resident for a particular year. Similarly, a foreign citizen may end up being a resident of India for income tax purposes for a particular year. Therefore, determining residential status is crucial for understanding tax obligations. Who is an NRI ? An NRI, or Non-Resident Indian, refers to an Indian citizen or Person of Indian Origin (PIO) who resides outside India for employment or business purposes. The definition of NRI can vary depending on the context and governing laws in India. The two main laws that govern and prescribe the rules for NRIs in India are as follows: Income Tax Act - Governs the tax liabilities of NRIs Foreign Exchange and Management Act (FEMA) - Governs all transactions and investments, the opening of bank accounts, etc., of NRIs The Income Tax Act and the Foreign Exchange Management Act (FEMA) have different definitions of an NRI. The Income Tax Act has definitions based on the number of days spent in India and the Income in India (this has been discussed in detail below). On the other hand, as per FEMA Act, the intention of the person living in India / leaving India is equally important in addition to the number of days spent in India
Real estate market in India, particularly in growing cities, is one of the many financially rewarding investment opportunities for Resident Indians as well as NRIs. Many NRIs own residential and/or commercial properties in India for a variety of reasons, including investment. Re-investing or selling property in india for nri is not difficult but comes with certain rules and regulations which are different to that for a Resident Indian, making it complex. The complexity ranges from knowing the procedures, meeting the compliances, paying the correct and minimum taxes, bank account solution for receiving the money, repatriating the funds, following the regulations of RBI, FEMA PMLA and Income Tax Act and so on. This results in a fair amount of confusion about implication for NRIs who want to sell/ purchase/ manage any house property that they may have in India. We at Dinesh Aarjav & Associates specialize in offering nri property sale services in india a complete solution to the NRIs and individuals from countries other than India, who want to sell their property in India. Reference links: Detailed guide for purchasing a property from an NRI
India has emerged as a leading global financial market and the top choice for international investors. Its substantial industrial growth over the last two decades has made it increasingly appealing for foreign direct investments (FDI). Therefore, NRIs now are considering India as a viable destination to earn profits by investing in India. It's common for NRIs to move abroad and be concerned about managing their capital, banking services, and investments back in their home country. We at DAA help you to choose the financial products matching your portfolio and goals by providing timely advice and suggesting right product for investment.
As an Estate Planner we encounter a lot of NRI clients who are still not aware about or conscious of Estate Planning. An overwhelming majority of Resident Indians/ NRI still do not have a professionally written will and the actual numbers will be closer to 85%+. They think they don’t need to do any sort of estate planning as they think “Estate Planning” is for wealthy people. In India, millions of people die each year without any type of estate plan in place, and this forces their families into the court system, where they experience the highcost and timedelay characteristic of Succession Certificate/ Probate proceedings. The challenges in estate planning are greater for NRIs since they are likely to have assets in more than one geographic location: India and the country of their residence.
We offer various financial, legal and other services to Non-Resident Indians, who are individuals of Indian origin living abroad. These service providers are subject to specific disclosures and compliances to ensure transparency, protect the interests of their clients, and adhere to regulatory requirements.
There are lot of anecdotes of friends and family members who packed their bags to pursue opportunities overseas, but planned to eventually settle down in India itself. Indian Citizens go abroad for employment (Non-Resident Indians ‘NRI’). Many of them obtain foreign citizenship also (Person of Indian Origin ‘PIO’). Many of these NRIs, OCIs, PIOs or their children, due to their roots in India or various other reasons, plan to come back to India. Also, many foreign citizens come to India for business or employment also. In these circumstances, it is important for them to know and understand the Indian regulations with regard to Income Tax as well Foreign Exchange Laws.
Starting a new business in India or outside India and looking for some expert assistance? Let DAA help you right from getting your company incorporated to taking care of Accounting, Taxation and all the other compliances. What is to be noted is, as a Non-Resident, one will have to go through all the same steps as a Resident of India, plus a few additional considerations. For setting up a business in India or anywhere outside India, begin by choosing the type of business entity that is required for new business.