We offer Tax Consulting, Filing and Business Formation & other Services in India for NRIs, International Companies & FIIs

Who are we? We are a consulting firm from India offering tax consulting and business/company formation services to Non-Resident Indians (NRIs, OCI, PIOs) & Foreign Companies/individuals living or registered outside India. 


  Tax Filing, Saving & Consulting for NRIs, Companies, FDIs & FIIs.
  Business/Company formation & registration services.
  TDS Refund and avoid Double Taxation outside India (DTAA).
  Obtain Digital Signature (DSC) & Form 15cb/Repatriation certificate.
  And many more personalized tax & company services.

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Fundamentals of Income Tax in India

The CBDT (Central Board for Direct taxes) is governor of the Indian Income Tax department. The government of India taxes all taxable income of every individual. They also tax companies firms and other bodies of individuals as well.  The tax charge that is given depends on the income of the person. The Indian Income Tax Act of 1961 states the guidelines for the tax charges.

Taxes in India depends upon 2 factors:

1. Charge to Income-Tax: The Finance Act by the Union Budget states the rate at which income tax should be paid every year depending on the person and their income. The tax charges depend on the type of income a person has. A person can have a revenue income or a capital profit income. Very rarely, there are some revenue incomes that are said to be not taxable, but the rest of the revenues have tax. Very rarely, there are some capital profit incomes that are said to be taxable, but the rest of the capital profits do not have tax.

2. Residential Status: Tax will also depend on what residential status a person holds. A person can either be an ordinary resident, and not ordinary resident, or a non resident. If it is decided that a person is an ordinary resident, then all of their income, including income from outside India, will have tax. If it is decided that a person is a non ordinary resident, then all of their income generated in India or having anything to do with India will have tax. If it's decided that a person is a non resident, then all of their income accumulated in Indian or income that they receive in India will have tax.


Main groups of Income for NRIs - Non Resident Indians.

There are many places that a person can receive income. They have been divided into five main groups.

• The first one is the income generated from Salary

• The second one is the income generated from Property

• The third one is the income generated from Business Profits

• The forth one is the income generated from Capital Gains

• The fifth group is the income generated from all other sources

TYPES OF TAXES in INDIA

The government of India is in charge of taxation in India. Taxes are their source of income/revenue. They use many types of taxes to tax the people of India. We have summarized some of the taxes that are charged by the Indian government.

• The Income Tax Act: This act was settled in 1961. Any person who has income having to do with India or lives in India will have to pay taxes according to the guidelines stated in the Finance Act.

• Corporate Tax: Corporate Tax in India is the tax that is put on companies' profits. The rate of Corporate Tax fluctuates depending on if the profits are with the share holder or not.

• Added Value Tax: This is the tax that is put on traders and manufacturers. A manufacturer pays when purchasing the materials they need and a trader pays when buying goods. This tax is one its way to replacing a general sales tax. These taxes include all of the goods given by companies and business persons.

• Capital Gains Tax: A Capital Gain is money you get from selling a capital investment. The gain is the difference left when you buy an item and sell an item. The money that you make off of that item is what is taxed.

• Service Tax: This tax is for every state in India besides Jammu and Kashmir according to the Finance Act.

• Benefit Tax: All of the costs acquired by employees by their employers will have taxes. These costs could include gifts, parties, telephone, and entertainment. This is known as a Fringe Benefit.