NRI taxation and treaty relief
Individuals and NRIs
·
Year-end
Living abroad does not answer which income belongs in an Indian return. TheTaxCo establishes your income-tax residence for the relevant year, maps Indian and overseas income, reviews tax withheld and available treaty or foreign-tax relief, and completes the Indian return, claims and processing follow-up.
We handle annual compliance, a move into or out of India and transactions such as an Indian property sale. The engagement identifies the years, countries and transactions, including any overseas filing that needs the appropriately qualified professional. Our team coordinates the connected calculations, documents and submissions.
Establish residence from the travel record
Income-tax residence is determined under section 6 for each year. The analysis includes days in India, relevant earlier-year presence and the special conditions that may apply to citizens, persons of Indian origin or particular circumstances. Resident but not ordinarily resident status also needs a separate test. Income Tax Department residence guidance.
We prepare the travel calendar from reliable records and ask about the reason for a move, employment and other relevant facts. An NRI label in a bank account, citizenship or a foreign visa does not settle the income-tax conclusion. Foreign-exchange residence is reviewed separately where a remittance or investment needs it.
The current income period and the current filing period must also be separated. AY 2026–27 relates to FY 2025–26 under the earlier Act. Tax Year 2026–27 relates to income from 01-04-2026 under the new Act. Income Tax Department return-period guidance.
Map each income item to the correct treatment
The income schedule covers salary, rent, interest, pension, business receipts and investment gains relevant to India. For each material amount, we identify who earned it, its source, receipt and accrual facts, the tax period and tax already withheld.
An Indian property sale may need capital-gains, buyer-withholding and remittance work. Foreign employer shares may create employment income, later gains and asset disclosures. We identify these linked tasks before selecting the return form rather than treating the bank receipt as the complete tax event.
Where treaty relief is claimed, we examine the applicable treaty article and eligibility evidence. A tax-residency certificate and prescribed information support the claim; for the new framework, Form 41 supplies relevant treaty information. A form alone does not establish that every condition for a treaty benefit is met. Form 41 official guidance.
Foreign tax and adviser coordination
If the same income appears in Indian and foreign tax records, we reconcile the amount, period, currency and tax paid. We distinguish treaty exemption or rate relief from a claim for foreign tax credit. The available relief depends on the governing rules and evidence; the foreign tax amount is not automatically copied into the Indian return.
A foreign adviser can provide the overseas return, assessment and payment evidence. With your authority, we obtain the missing explanations and reconcile the answers to the Indian working. Where foreign-country advice or a return is required, the appropriately qualified professional handles it for the jurisdictions covered by the engagement.
Documents and deliverables
For the detailed review, provide travel history, country of residence, Indian and relevant overseas income records, property or investment documents, tax-credit and payment evidence, earlier returns and treaty-support documents. We request prior-year travel only to the extent needed for the residence tests.
You receive a residential-status note, income reconciliation, computation and the agreed return or transaction working. Treaty and foreign-tax-credit claims include the supporting analysis and document list. We complete filing, coordinate your required verification, retain the acknowledgement and review the processing result. We follow up on credit differences and queries, explaining any further remedy that requires your decision.
Preparation time depends on travel gaps, records from overseas institutions, multiple currencies and any disagreement between the two tax files. Start before a property sale or move where possible. For annual work, the return deadline is determined by the applicable period, income profile and audit or report requirements, rather than by the NRI label alone.
Questions before filing
Tax was already deducted in India. Do I still need a return? Withholding and filing are separate tests. We assess the return obligation and whether the annual calculation produces a balance or refund.
Do I report all foreign income after returning to India? That depends on the year’s residence category and the nature and source of each income item. Provide the move date and travel history before assuming the result.
Can my foreign adviser’s calculation be used directly? It provides evidence, but differences in period, currency and domestic rules need to be reconciled for the Indian return.
Does this include repatriating sale proceeds? Yes. Our team handles the tax computation, required remittance and FEMA documents, and follow-up with the authorised dealer bank. You approve the transfer and give the bank instruction; the bank determines whether its requirements for release are met.
Related services
Email TheTaxCo, message us on WhatsApp or book a call. Share the return year, countries involved, approximate travel dates and the main Indian income or transaction requiring review.