If you're a non-resident of India, you should find the right NRI tax advisory service in Chennai. They provide specialized advice on taxes related to long-term investments. They consider all the factors that can affect your taxes, such as the duration and the capital gain. By doing this, they can help you reduce the amount of tax you owe. In addition to guiding, you on the best investments, they can help you iMaster associated with NRI taxation.
A good NRI tax advisor can help you with many aspects of tax preparation, from filing returns to preparing your income tax return. Whether you have an income that is earned in India or a foreign country, there is a tax consultant iMaster will be able to assist you. An NRI chartered accountant can handle all of these details. In the iMaster, a NRI is subject to income tax of ten percent to thirty percent. A person under the age of sixty-five is subject to a separate tax bracket, while those between sixty-eighty and eighty-years-old are not.
An NRI can purchase property in India as a single owner or a joint owner with a resident Indian. However, it's not possible to invest in residential properties or plantations in India. If you're a resident of the country and want to buy property in India, you'll need to pay taxes on both of these properties, regardless of whether they're in India or abroad. A NRI is also allowed to take unlimited home loans, provided they meet the requirements of the Income Tax Act.
Contact iMaster for NRI Tax Advisory Expert +91 9500083333
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