NRI taxation is dependably a disagreeable matter for the enormous number of Indians visiting the homeland for meeting their families, or last re-settlement back in India, or even adhered in India b
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Established in 2015
NRI Advisory Services
Welcome to NRI Advisory Services, your trusted partner for all your financial and tax advisory needs as a Non-Resident Indian (NRI) in Dubai. We are here to provide comprehensive solutions tailored to your specific requirements, including expert assistance with Income Tax Return in Dubai. We understand the unique challenges that NRIs face when it comes to managing their finances and ensuring compliance with tax regulations. We specialize in helping NRIs navigate the complex landscape of income tax return filing in Dubai. Our team of experienced professionals is well-versed in the tax laws and regulations applicable to NRIs, and we are dedicated to ensuring that your tax returns are filed accurately and in a timely manner. We understand the importance of maximizing your tax benefits while complying with all relevant tax obligations.
Capital Gains Tax in UAE
We also offer comprehensive assistance with managing capital gains tax in the UAE. Whether you are buying or selling assets, such as real estate or investments, understanding the implications of capital gains tax is crucial. We provide specialized guidance on navigating the complexities of capital gains tax in the UAE. We help you understand the tax implications of your transactions, calculate taxable gains or losses, and explore available exemptions or reliefs. Our goal is to empower you to make informed financial decisions while ensuring compliance with the capital gains tax regulations in the UAE. Partner with us to benefit from our expertise in income tax return filing in Dubai and managing Capital Gains Tax in UAE. We are committed to providing personalized solutions and exceptional service to help you navigate the financial landscape effectively. Contact us today to learn more about our services and experience the difference of working with a dedicated team of professionals.
Vision
To be a leader in the brokerage and consultancy in conventional and Islamic banking products.
Mission
Our mission is to help businesses and individual to excel by providing top-notch professional advisory, financial &banking consultancy services.
What We Offer
Our Services
Returning NRI Laws
As a trusted name in the industry, we are well-versed in the legal requirements and complexities ...
NRI Income Tax Return (ITR)
NRI Advisory Services specializes in providing comprehensive solutions for NRI Income Tax Return ...
NRI Income Tax Rates & Tax Slabs
NRI Advisory Services is your go-to source for comprehensive information and assistance regarding...
Overview Of Income Tax Act
As an NRI, understanding the provisions and intricacies of the Income Tax Act is crucial for effe...
Permanent Account Number (PAN)
As an NRI, PAN is an essential identification number issued by the Indian Income Tax Department. ...
NRI Repatriation Services India - Form 15CA 15CB
Repatriation of funds from India as an NRI can be a complex process, but with our expertise and k...
Frequently Asked Questions
When is an individual considered as a Resident in India under the Act?
An individual is considered as a Resident in India under the Act if :- He stays in India for 182 days or more in a FY; or he is India for 60* days or more in a FY and for 365 days or more in preceding 4 FYs. However, the condition of stay of 60 days is extended to 182 days for: Member of the crew of an Indian Ship leaving India,Indian citizen leaving for purpose of employment, PIO or Citizen of India, being outside India, having come on a visit to India He stays in India for 182 days or more in a FY; or he is India for 60* days or more in a FY and for 365 days or more in preceding 4 FYs. However, the condition of stay of 60 days is extended to 182 days for: Member of the crew of an Indian Ship leaving India Indian citizen leaving for purpose of employment PIO or Citizen of India, being outside India, having come on a visit to India
When is an individual considered as a Non-resident (NR) in India under the Act?
If an individual does not satisfy any of the conditions for being a Resident in India as per prior question, he/she shall be considered as a NR in India.
When is an individual considered as a RNOR in India under the Act?
If an individual is a Resident of India for a particular FY (as explained in the above question) and if the said individual is – 1. a NR in India in 9 FY out of 10 preceding FYs; or 2. is in India for less than 729 days in preceding 7 FYs, then he/she shall be considered as a RNOR in India provided he satisfy either of the above additional condition. However, if both the aforesaid additional conditions are not satisfied, then he/she shall be considered as ROR in India.
Whether date of arrival in India and date of departure from India to foreign country must be included while calculating number of days of stay in India?
Generally, while calculating the number of days of stay in India, date of arrival and date of departure in India shall be treated as days of stay in India. Normally, dates stamped on Passport are considered as proof of departure from and arrival in India.However, in case where an individual is a Citizen of India and a member of the crew of a Indian Ship, on a voyage having originated from any port in India, with destination being any port outside India or vice versa, then number of days of stay in India for the said individual, shall not include the period beginning on the date entered into the Continuous Discharge Certificate (CDC) in respect of joining the ship till date entered into the CDC in respect of signing off from the ship.
An Indian citizen leaves India for the first time on July 1, 2018 for taking up employment abroad. He/she does not return to India till March 31, 2019. What will be his/her residential status for the FY 2018-19?
The individual in the aforesaid case stays in India for 92 days during FY 2018-19. As per provisions of the Act, in the following cases, only the condition of stay in India for less than 182 days is applicable for determining Residential Status to be NR: 1. In case of a person, who is citizen of India or PIO being outside India, who is on visit to India; OR 2. In case of a person, who is citizen of India, and leaves India for employment outside India or as a member of the crew of an Indian ship. Accordingly, as his/her stay in India is 92 days which is less than 182 days, the residential status shall be a NR for the FY 2018-19 under the provisions of the Act. It may be noted that the same conditions may not be applicable in case of family members of the person leaving India who has left India for the purpose of employment abroad.
Would the answer in the above example be different in case he/she was not an Indian citizen but a PIO?
As explained above, he/she is not an Indian citizen, so he/she would not be eligible to claim benefit of 182 days, even though he/she is a PIO. Hence, as his/her stay in India in the FY 2018-19 exceeded 60 days and for the 4 years preceding the FY 2018-19 exceeded 365 days, his/her residential status would be Resident of India.
