Rashmi Singh & Co.

Qualified Chartered Accountants100% secure document handlingResponse within 24 hoursIndividuals & businesses, nationwideQualified Chartered Accountants100% secure document handlingResponse within 24 hoursIndividuals & businesses, nationwide

NRI Services

International accounts and taxation, handled without the guesswork.

NRE, NRO, and FCNR accounts each carry different tax treatment — and it's easy to get wrong. We help you structure your accounts correctly, claim treaty relief on foreign income, and stay compliant on both sides of the border.

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Who this is for

NRIs with income or accounts in more than one countryNRIs paying tax abroad on income also taxable in IndiaAnyone unsure whether to use an NRE, NRO, or FCNR accountReturning NRIs about to become Indian tax residentsNRIs with foreign investments, pensions, or overseas salary

Overview

Two systems, one set of accounts — and they don't automatically agree

Your NRI status under FEMA (which governs your bank accounts) and your residential status under the Income Tax Act (which decides what you owe) are determined separately, by different rules — and they can genuinely disagree, especially in the year you move. Add a second country's tax system and a treaty that's meant to prevent double taxation, and it's easy to end up overpaying, or under-reporting without realising it. We help you get the accounts, the disclosures, and the relief claims right together, not as separate problems.

The right account for the right money

NRE for money earned abroad, NRO for Indian income, FCNR for foreign-currency deposits — set up correctly so interest is taxed, or exempt, the way it should be.

Double taxation relief, actually claimed

Foreign tax credit under India's DTAA network, filed via Form 67 before your return is due — not missed because no one flagged it.

No surprise Schedule FA penalty

If you're becoming a resident again, we tell you exactly when foreign asset disclosure kicks in — non-disclosure penalties run up to ₹10 lakh.

Try it now

See your estimated tax in seconds

For your specific mix of accounts and countries, book a consultation — treaty relief depends on the country pair involved. book a consultation

Tax regime

Annual income (₹)

₹

₹0₹25L₹50L+

Estimated tax payable

₹ 97,500

Effective rate 6.5% · new regime on ₹15,00,000

Taxable income₹ 14,25,000

Tax as per slabs₹ 93,750

Health & education cess (4%)+₹ 3,750

The New Regime saves you ₹ 1,59,900 compared to the Old Regime.

Illustrative estimate for FY 2025-26 — assumes salaried income eligible for the standard deduction, and includes the Section 87A rebate and 4% cess. Surcharge is applied at a flat rate without its own marginal relief. Does not account for other deductions or individual circumstances. Book a consultation for an exact figure.

Simple, from start to finish

How it works

Book a consultation

Tell us which countries and accounts are involved — a few minutes is all it takes.

We map your position

Your FEMA status, tax residency, and treaty position, checked against each other, not assumed.

Accounts and filings sorted

NRE/NRO/FCNR classification corrected if needed, and Form 67 or Schedule FA prepared where they apply.

Ongoing compliance

We flag the year your status is likely to change, so nothing catches you out later.

Typically 5–10 days, depending on how many countries and accounts are involved

Required documents

PAN and passport (with visa/residency pages)Statements for all NRE/NRO/FCNR accountsForeign income statements and tax paid abroadTax Residency Certificate from your country of residenceForm 67 supporting documents, if claiming foreign tax creditDetails of foreign investments, property, or pension accounts

Questions

Frequently asked

01Is interest on my NRE account really tax-free?

Yes, under Section 10(4)(ii) of the Income Tax Act — as long as your FEMA residential status still qualifies as non-resident. It stops being exempt once that status changes, even if your income-tax residency hasn't shifted yet, which is a common point of confusion.

02What's the actual difference between NRE, NRO, and FCNR accounts?

NRE holds foreign earnings in rupees and is tax-free and fully repatriable. NRO holds Indian income — rent, dividends, and similar — and its interest is fully taxable with 30% TDS. FCNR holds deposits in a foreign currency and is also tax-free. The account should match where the money actually came from.

03I already pay tax on this income abroad — do I owe tax in India too?

Not twice on the same income, if a treaty applies. India's DTAA network lets you claim foreign tax credit for tax already paid abroad, filed via Form 67 before your return is due — but it has to be claimed properly, it isn't automatic.

04I'm moving back to India for good — what changes?

Your FEMA status and tax residency both shift, usually not on the same date. Once you're resident and ordinarily resident, you're required to disclose foreign bank accounts, investments, and property in Schedule FA of your return — missing this carries a penalty of up to ₹10 lakh, regardless of whether tax was actually due.

05Why book a consultation instead of sorting this out myself?

The rules aren't hidden, but they sit across FEMA, the Income Tax Act, and a specific country's treaty — and small timing details, like exactly which date your status changed, decide the outcome. We check your specific country pair and account mix before anything is filed, not after a mismatch is flagged.

Ready when you are

Let's figure out exactly what your situation needs.

Book a consultation and we'll walk through it together — clear next steps, no obligation. No pressure, no jargon, just a clear read on what applies to you.

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One of our Chartered Accountants will get back to you within 24 hours.

Two systems, one set of accounts — and they don't automatically agree

The right account for the right money

Double taxation relief, actually claimed

No surprise Schedule FA penalty

See your estimated tax in seconds

How it works

Book a consultation

We map your position

Accounts and filings sorted

Ongoing compliance

Frequently asked

Related services

NRI Income Tax Return Filing

NRI Capital Gain Tax Filing

NRI Property Tax Advisory

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