A Non – Resident Indian (NRI) may face some tax-related issues in India, for which, the help of an immigration lawyer may be needed.
Issues that may be faced
An immigration lawyer in India can help NRIs with a variety of tax-related issues including legal advisory pertaining to annual returns, double taxation avoidance agreements, establishing trusts and other financial instruments to manage investment income. Other services may include legal assistance with international tax compliance requirements, obtaining Permanent Account Numbers (PAN), and helping to resolve issues related to GST/VAT. Immigration lawyers can also advise and suggest various tax exemption schemes and strategies to reduce the overall amount of taxes payable in India and can provide guidance on the filing of refund claims and other credits depending upon the individual’s capability.
With their expertise, immigration lawyers can ensure that NRIs comply with all tax-related regulations due to them being well-equipped to provide comprehensive advice on any tax-related matters.
How can an immigration lawyer help NRIs save money on their taxes in India?
Immigration lawyers can help NRIs save money on their taxes in India by providing guidance on tax filing, helping them understand the Indian taxation system and its various exemptions, deductions and credits provided to them. An immigration lawyer can also provide advice about how to minimize the amount of taxes owed by opting for different investment vehicles or claiming allowances.
Additionally, an immigration lawyer can help NRIs gain a better understanding of the tax laws in India to ensure they are making informed and accurate decisions that will save them money.
Finally, an immigration lawyer can also assist with filing any necessary paperwork and submitting returns on time to avoid steep penalties. They can also provide assistance if an audit is conducted by the Indian tax authorities.
What are some of the other benefits of working with an immigration lawyer to resolve tax-related issues in India?
India is an increasingly popular destination for expatriates and businessmen aiming to establish successful businesses in the country. With increasingly popular ‘Doing Business in India’ schemes and policies, the Nation has become a popular destination among various stakeholders with added benefits for establishing businesses in the country within the available exemption and promotional schemes. As such, having a reliable immigration lawyer who understands the complex tax regimes of India, can be invaluable. Working with an experienced immigration lawyer can thus, provide many benefits, including:
- Access to Up-to-Date Information: Immigration lawyers can provide updated and latest information about the enforceable laws, regulations and practices related to foreign establishments and businesses in India. They can even provide efficient legal advice regarding progressive steps that need to be taken in order to ensure effective achievement of tax obligations prevalent within the Indian legal regime.
- Assistance with Compliance: A skilled immigration lawyer can provide appropriate assistance to their clients and conducting adequate legal due diligence for ensuring compliance. This further assures timely payment of taxes.
- Guidance through Disputes: Immigration lawyers can also provide legal advisory and opinions in matters concerning dispute resolution and arbitration on national as well as international issues. They can provide legal advice and assistance on the best course of action to take in order to resolve the issue quickly and efficiently.
- Tax Planning Advice: Immigration lawyers can also assist their clients with tax planning, thereby providing them with adequate assistance on investments. This includes ensuring claims pertaining to deductions and credits they one may be entitled to.
By working with an experienced immigration lawyer, individuals and businesses can ensure that their tax-related issues in India are resolved quickly and efficiently. With their help, clients can have peace of mind knowing that their tax obligations are being met in full, and that they are taking full advantage of any available deductions or credits.