FAQs
NRI Taxation & International Tax FAQs
Get quick answers to common questions on NRI ITR filing, foreign income, residential status, DTAA, capital gains and FEMA-related support.
Do NRIs need to file an income tax return in India?
NRIs may need to file an Indian income tax return if they have taxable income in India, tax refund claims, capital gains, property income, TDS deductions or other filing obligations. The exact requirement depends on the income profile and applicable thresholds.
What is residential status determination?
Residential status determination reviews your stay in India and other applicable conditions to determine whether you are Resident, Non-Resident or RNOR for a specific financial year. This status affects taxability and reporting obligations.
Can WealthSure help with foreign income reporting?
Yes. WealthSure can assist with reviewing foreign income sources such as salary, bank interest, dividends, investments, rental income and foreign assets where applicable, and guide you on appropriate reporting treatment.
What is DTAA advisory?
DTAA advisory helps taxpayers understand whether a Double Taxation Avoidance Agreement may provide relief when income is taxed or reportable in more than one country. It may involve treaty review, foreign tax credit guidance and documentation support.
Who should use the Capital Gains on Foreign Assets Service?
This service is suitable for taxpayers who have sold or plan to sell foreign shares, overseas property, foreign mutual funds, ETFs or other foreign investments and need help with gain computation and reporting guidance.
What is FEMA compliance support?
FEMA compliance support helps NRIs understand documentation and process considerations when moving funds between India and overseas accounts, including repatriation-related guidance and account treatment clarity.
Can I use these services while living outside India?
Yes. WealthSure’s NRI tax services are designed for remote support. You can share documents online and receive expert assistance without needing to visit an office physically.
Which service should I choose if I only need to know whether I am NRI or Resident?
You should choose the Residential Status Determination Service. It is designed specifically to assess your tax residential status for the relevant financial year.
Which plan should I select if I need to file my Indian ITR?
You should select the NRI Income Tax Filing Service if your primary requirement is Indian income tax return preparation and filing support.
Can WealthSure help with NRO, NRE and repatriation-related queries?
Yes. The Repatriation & FEMA Compliance Support Service is suitable for queries involving money movement, account type considerations and compliance documentation guidance.
Is foreign income always taxable in India?
Taxability of foreign income in India depends on residential status, income nature, applicable tax law and treaty position. A professional review is recommended before filing.
Can I claim foreign tax credit in India?
Foreign tax credit may be available in eligible cases, subject to applicable rules, documentation and treaty position. WealthSure’s DTAA Advisory Service can help review this.
Do I need to disclose foreign assets in my Indian ITR?
Foreign asset disclosure requirements depend on residential status and applicable reporting rules. If you hold overseas assets or accounts, it is advisable to get expert review before filing.
Can WealthSure help returning Indians?
Yes. Returning Indians may need residential status review, RNOR assessment, foreign income reporting guidance and tax planning support. WealthSure can help evaluate these requirements.
Are these services advisory or filing services?
Some plans are filing-focused, such as NRI Income Tax Filing Service, while others are advisory-focused, such as DTAA Advisory, Residential Status Determination and FEMA Compliance Support. Please select the plan matching your need.