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NRI Services

NRI CORNER

For query, mail us at nriservices@vgcadvisory.com

Property Management Services:-

1. Basic Furnishing: Installing minimum wall fittings needed to rent out your property

2. Renting-out your property: Renting your property in kolkata to a reliable tenant helps get rental returns and also maintain your property

3. Periodic Caretaking: Professionals maintaining your property in kolkata

4. Utility Bills : Payment and changes in Property (Corporation) tax and Electricity bills

5. Restoration / Renovation: Is your Kolkata property i a bad condition? We can restore it and make it livable again.

6. Home Insurance : Covering Structure and contents against fire, theft and natural calamities

7. Legal Formalities: Legal services related to rental, purchase or sale of your property.

8. Selling Your Property: Services in finding a suitable buyer and getting the right price.

This service is exclusive for our NRI Clients who have properties in India. We take care of your property and provide a 360 degree solution to it. Right from Renting your property, to rent getting deposited in your account, getting Tennant for your Property, servicing your apartment on a monthly or quarterly basis, selling your existing property, buying your new property, Payment of Utility Bills, Renovating, we do it all on a AMC basis. So you need not have to worry property in INDIA.


NRI Investment and TAX Services:-

For Non resident Indians who have/intend to have certain investments, property and bank accounts in India, we manage their financial affairs in India. We provide nri investment services, nri tax services, nri income tax services as follows:

  • Monitor, record and periodically report on his investments.
  • Facilitate liquidation/lease of property
  • Facilitate repatriation of sale proceeds of investment and property.
  • Facilitate repatriation of income from investments and rent from the property let out.
  • Facilitate acquisition/ lease of property through a top-notch property consultant Complete banking and other regulatory formalities.
  • Plan his financial transactions to minimize his tax liability in India.
  • File Income Tax return.

Non resident Indians who inherit assets in India

A NRI inherits assets in the form of investments, property etc in India and intends to either liquidate them and repatriate the sale proceeds of the same or manage the same in most tax efficient manner. We enable him to achieve these objectives by facilitating the clearance from Income Tax Department, RBI and other regulatory authorities.

Non resident Indians/ other Non-residents who have/ intend to set up a business in India

Please look into our entry strategy services.

Returning NRI

NRI who return to India for good, should know various aspects of Foreign Exchange Regulations (FEMA), Indian Taxation and Banking Regulations in order to rearrange his financial affairs in India and outside India.

When relocating to India, the following aspects should be taken care of :

  • Monitor, record and periodically report on his investments.
  • Redesignation of all Indian bank accounts as Resident accounts.
  • Opening of and compliances in respect of 'Resident foreign currency' (RFC) account
  • Information to all companies, funds, etc., of whom shares and securities are held by the non-resident, regarding the change of residential status/relocation to India
  • Compliance in respect of the Indian Income-tax Act, 1961 e.g. application for PAN.
  • Compliances in respect of Wealth-tax Act, in case required e.g. filing of wealth-tax return
  • Miscellaneous other issues
  • Where can we help ?

    • Compliances regarding repatriation of assets to India
    • Procedure for redesignation of all Indian bank accounts
    • Opening of 'Resident foreign currency' (RFC) account
    • Information to all companies, funds, etc., of whom shares and securities are held by the non-resident, regarding the change of residential status/relocation to India
    • Compliance in respect of the Indian Income-tax Act, 1961 e.g. application for PAN in case you do not have a PAN
    • Compliances in respect of Wealth-tax Act, in case required e.g. filing of wealth-tax return
    • Repatriation of legacies/inherited assets and taxability in India thereon
    • Facilitate clearance required under FEMA from RBI to continue to hold assets outside India.
    • Facilitate re-investment of sale proceeds of assets acquired outside India.
    • Plan residential status under FEMA and Income-tax Act 1961.
    • Plan tax liability in India.
    • Make fresh investments in business outside India.
    • Investment and business consultancy in India.

    Emigrating Indian/ New NRI

    An emigrating Indian/ new NRI wants to retain/ disinvest assets (property, investments, business) acquired in India and repatriate the income/ sale proceeds thereof. We enable him to do so as follows:

    • Obtain clearance required under FEMA from RBI to continue to hold certain assets in India.
    • Facilitate repatriation of sale proceeds and income of assets held in India.
    • Plan his tax liability in India.
    • Monitor, record and report on his investments in India.
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