Cross-border taxation requires careful review of residential status, source of income, applicable tax treaty benefits and reporting requirements. NRIs, returning Indians and businesses dealing in foreign remittances need accurate compliance to avoid double taxation and notices.
VAVS & CO. assists NRIs, OCIs and Indian businesses with Indian tax filing, foreign income reporting, DTAA application, foreign remittance certification and cross-border advisory aligned with current law.
1. Residential status review
We review days of stay, employment, property and family ties to determine status as Resident, Non-Resident or Resident but Not Ordinarily Resident. Status drives the scope of taxable income in India.
2. Income tax return filing for NRIs
We file ITR with correct disclosure of Indian-source income (rental, capital gains, interest, dividend, business or professional income), apply applicable TDS credits and claim refunds where due. Bank account classification (NRO / NRE / FCNR) is reviewed for correct interest reporting.
3. DTAA and tax treaty benefits
We help review the relevant Double Taxation Avoidance Agreement, obtain Tax Residency Certificate guidance and claim treaty benefits where applicable, including for dividend, interest, royalty and capital gains.
4. Form 15CA and 15CB certification
For foreign remittances, we help prepare Form 15CA (declaration) and issue Form 15CB (CA certificate) where required, verifying the nature of remittance, taxability and applicable TDS.
5. Property transactions by NRIs
Sale or purchase of property by an NRI involves TDS, capital gains computation, exemption review (Section 54 / 54F / 54EC), repatriation rules and lower deduction certificate (Section 197) where useful. We assist on each step.
Documents typically required
- Passport copy, visa and travel history
- PAN card and Indian bank details (NRO / NRE)
- Form 26AS, AIS and TIS download
- Salary, rent, capital gains and interest details
- Foreign tax residency certificate (where claiming DTAA)
- Property sale / purchase deeds for relevant cases