With human expertise and AI-driven tools, we offer a range of services to NRIs and US citizens, including online PAN card services for NRIs, ITR/IRS filing, tax planning, FATCA/ FBAR compliance, repatriation, and more.
At Savetaxs, we provide NRIs with comprehensive compliance and advisory services for both international and Indian tax requirements.
Savetaxs deals in end-to-end PAN card services issued under Form 49A and 49AA. From application filing to document verification, we handle it all.
Savetaxs helps you with the secure and compliant repatriation of funds worldwide from NRO, NRE, and FCNR accounts.
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Savetaxs helps you set up your NRE bank account with top banks in India and expedite the processing, ensuring there are no errors or delays.
Savetaxs helps you open an NRO bank account in India with leading banks, letting you conveniently manage your Indian income while earning interest on your deposited NRO funds.
Savetaxs provides end-to-end assistance for NRIs to set up and manage their business in India smoothly, from offering company registration to banking setups and more.
Whether you are an individual or a business, at Savetaxs, we ensure that with core compliance, you fulfill your taxation duties in the USA without any issue.
With complete compliance with the regulations of FATCA, FBAR, and other authorities, we help US taxpayers and NRIs in reporting their accounts, investments, and foreign assets in the country.
From business registration to compliance filing and bookkeeping support, we help US citizens and NRIs set up their businesses in the USA smoothly while adhering to US tax laws.
Our professionals represent you before the IRS, assisting with notices, audits, disputes, and other matters related to the IRS in a timely and efficient manner.
Are you looking for someone to help you get your US identification and tax numbers, like EIN, ITIN, and SSN? Connect with Savetaxs and obtain these numbers without any issues.
Our experts at Savetaxs assist you with strategic tax planning. It further helps in utilizing credits and deductions, minimizing tax liabilities, and improving your US tax position.
With human expertise and powerful automation, this is how you can file your ITR/IRS with Savetaxs online
Fill in your tax details and add your PAN/ITIN in a click.
Once the tax details are submitted, our experts will review them.
With just a few clicks, you can submit your ITR/IRS.
With human expertise and AI-driven tools, we offer a range of services to NRIs and US citizens, including online PAN card services for NRIs, ITR/IRS filing, tax planning, FATCA/ FBAR compliance, repatriation, and more.
Filing your ITR from abroad? Our experts make it fast, accurate, and stress-free. Whether you're in the US, UK, UAE, or beyond, we handle everything - from documents to submission so you can file with total confidence.
File your Return
With Savetaxs, you get everything that you require to deal with Indian and foreign taxation. Here is what we offer:
Savetaxs helps filing Income tax returns
With our income tax calculator, based on your income details, simply calculate your taxable income and fulfill your tax liabilities. It is easy to use and provides accurate details.
Savetaxs helps you transfer money from India
Savetaxs helps you transfer money from India to overseas while assisting with FEMA compliance, Form 15CA/CB, and end-to-end bank coordination.
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Savetaxs helps you apply for a new or a duplicate
Savetaxs helps you apply for a new or a duplicate PAN card for NRIS or foreign nationals from anywhere. We also help with corrections and updates to the PAN cards.
Savetaxs helps NRIs or foreign nationals claim inherited property
Savetaxs helps NRIs or foreign nationals claim inherited property while providing Inheritance Legal Support for NRIs, bank funds, or shares in India with legal tax and documentation assistance.
Savetaxs help you claim your Double Taxation Avoidance Agreement (DTAA)
Savetaxs help you claim your Double Taxation Avoidance Agreement (DTAA) benefits and helps avoid double taxation by filing Form 67. We also assist in claiming tax credits on global income and provide legal advice on treaty-based exemptions.
Savetaxs helps you file taxes on your capital gains
Savetaxs helps you file taxes on your capital gains, such as profits from mutual funds, stocks, real estate, cryptocurrency, and more. We help you calculate accurate NRI capital gains tax so you don't miss out on any.
Savetaxs provides expert assistance in property sales taxation
Savetaxs provides expert assistance in property sales taxation, including filing Forms 15CA/CB, TDS on property sales in India, and deductions, among other services. We ensure everything is done in compliance with Indian and foreign taxation laws.
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Savetaxs helps you with registering a company
Savetaxs helps you with registering a company, proprietorship, LLP, Pvt Ltd, and more in India, ensuring compliance with ROC, GST, and tax regulations. dcxcsxc
Your one-stop destination for seamless ITR filing, compliance, and expert support.
Trusted by NRIs worldwide for accurate and timely filings.
We prioritize transparency, simplicity, and results in every service.
Our customers from many countries.
Our company have a great history.
We abide by one fact, and that's, "When your work speaks for itself, don't interrupt."
Read our blogs published on USA and India tax compliance for NRIs and US citizens according to the latest updates, and gather all the information. Explore Blogs
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Read More A Comprehensive Guide on the DTAA between India and the USA?Understand how DTAA helps NRIs avoid double taxation on income earned in both India and Singapore.
Read More What is the Double Tax Avoidance Agreement (DTAA) Between India and Singapore?Understand Section 195: TDS on Payments to NRIs Explained for Better Tax Compliance and Global Transactions.
Read More Section 195 of Income Tax Act - TDS Applicability for NRIYour Complete Guide to Form 15CA & 15CB – Remittance Compliance Made Easy for NRIs
Read More Everything You Need to Know About Form 15CA and 15CB of Income TaxAll you need to know about PAN Card 2.0—features, benefits, who needs it, and how to apply easily.
Read More PAN Card 2.0: Features, Process, Benefits and MoreUnderstand the key differences, benefits, and tax rules of NRE and NRO accounts for NRIs.
Read More NRE & NRO Accounts - Meaning, Comparison, Benefits, TaxationNRI Taxation-related Questions Answered by Experts!
Taxes collected from every citizen are the foundation of the county's economy. According to the Indian Income Tax Act, 1961, Non-Resident Indians (NRIs) are also required to file taxes. As an NRI, you must file an NRI income tax return India if your income exceeds 2.5 lakhs, if tax is deducted at source on income such as interest from NRO savings account, rent, or more, to help claim a tax refund. You also need to file an ITR if you have capital gains or own any foreign assets, as NRIs holding assets in India must ensure they are compliant with tax and FEMA regulations for NRIs.
Filing an ITR is essential in many ways, major ones being:
Tax Refunds: Filing and ITR as an NRI helps you claim a tax refund if excess tax has been deducted.
Being financially credible: As an NRI, if you have a well-maintained record of income tax filing, your credibility in financial institutions and banks increases.
Legal Compliance: Being consistent with your ITR filing ensures that you and your business comply with Indian tax laws as well as FEMA compliance for NRIs
Repatriation and Investments Made Easy: If you are consistent with filing your ITR, it tends to simplify the process related to fund repatriation and remittance.
There are various reasons why NRIs, PIOs, foreign nationals, or OCI holders send money from abroad to India, such as financial support to family members, travel experiences, investments, medical care, and more. The process of transferring money back to India from any foreign country is known as an inward remittance. There are various options that you can use to send money back to India legally; a few of them are outlined below:
Online money transfers: Several banks and fintech companies offer digital platforms that allow you to transfer funds across borders to India. One such credible platform is Savetaxs, which helps you send money back to India legally and securely. We ensure that all repatriations and remittances of funds occur in compliance with Indian tax laws.
Other methods include wire transfer, international money order, foreign currency check, and foreign currency demand draft. We also help you provide any legal advice to them.
Yes, Non-Resident Indians (NRIs) can set up a business in India. Given India's rapidly growing economy, it is prudent to say that investing in such an economy would yield a substantial return on investment. Types of companies that NRIs and foreign nations can register include private limited companies, limited liability partnerships, and public limited companies.
As a leading foreign taxation service company, we assist NRIs, foreign OCIs, and PIOs in establishing their own companies in India, leveraging our experts' in-depth knowledge of RBI regulations, FDI, and FEMA laws to ensure compliance throughout. Start a company in India as an NRI with Savetaxs.
Before starting a public or private company as an NRI or foreign national, there are specific legal requirements that must be followed for compliance.
Directors: According to the Companies Act 2013, NRIs and foreign nationals can act as directors of an Indian company, provided they obtain a Digital Signature Certificate (DSC) and a Director Identification Number (DIN) to become a director.
Shareholders: To start a private limited company, you must have at least two members as shareholders, and for a public limited company, the minimum number of shareholders is seven. Now, a private limited company can have a maximum of 200 members, whereas there is no such limit for a public limited company.
Office Address: The company must have a physical office address in India. There must also be an address proof, such as the sale deed or rental agreement, which needs to be submitted while applying for incorporation. However, if the company's office is situated in a leased or rented property, a No Objection Certificate (NOC) from the owner must be submitted.
Here is a list of legal documents that are required for the company registration:
Documents for NRIs
You need to follow a few steps to apply for an NRI Pan card:
1. Visit the official website of Protan or UTIITSL.
2. Fill out the application form by entering all the required information.
3. Upload all the necessary documents.
4. Pay the application fee.
5. Submit the application form and note down the acknowledgment number generated after submitting the form, which can be used to track the status afterwards.
However, you must be very careful when applying for the PAN card, as even a minor mistake can result in the rejection of your application. To avoid this, consider reaching out to credible platforms like Savetaxs, which can provide expert assistance with your PAN card application.
As there is a famous idiom that says "like name, like deed," and that's what we adhere to at Savetaxs. We operate to help you save big on your taxes while minimizing your liabilities. Here's what makes us different:
Prompt Replies: We understand that your time is important, and our team of experts replies promptly to address your issue with no delay. We don't like to procrastinate, and hence, everything is done on time at Savetaxs.
Tax Planning: We understand the importance of tax planning and optimization. Our experts develop effective strategies to legally minimize your tax liability, tailored to your specific case and needs. We recognize that every case and client is unique; therefore, we strive to develop tailored strategies that meet their particular needs and deliver the best tax services for NRIs.
Peace of Mind: This is perhaps one of the most unique benefits that sets us apart. Knowing that a qualified team of certified accountants (CAs) is handling your tax case brings peace of mind. You can be assured that Savetax handles your taxes accurately and smoothly.
Handling complex forms: While filing a tax return, you might come across complex and confusing forms that you need to fill out correctly, because if not, your tax filing might be rejected. At Savetaxs, our experts are well-versed in such formalities and ensure that your forms are filled out accurately, with the required documents attached to each form being accurate and complete.
There is a straightforward three-step process. All you need to do is connect with us and upload all the required and necessary documents on our portal. Review the computation sheet, and voila, just as this return is filed, an acknowledgment is generated.
FEMA stands for the Foreign Exchange Management Act, and this act is important for foreign exchange transactions. At Savetaxs we make sure that every foreign exchange transaction made is FEMA compliant, which includes:
Remittance and Savetaxs Repatriation support are carried out in accordance with FEMA rules and regulations.
NRI investments in real estate are made under FEMA regulations, which means NRIs cannot purchase plantation properties or agricultural land in India, as they are also prohibited from engaging in intra-trading in the real estate market under these regulations.
Reporting and taxation obligations are fulfilled in accordance with FEMA regulations to ensure that the foreign exchange transactions comply with Indian taxation law.
There are additional aspects where Savetax helps you with FEMA rules and regulations to ensure that everything is done securely.
From registering the company to assisting in the shareholding structure as an NRI, complying with all regulations under FDI rules, applying for DIN, DSC, and GST, drafting agreements such as the MOA and AOA, and providing legal advisory services, we help NRIs through every step to set up a successful business in India.
We are just a click away! Please select the tax compliance services that best suit your needs and connect with us. We will assist you throughout.
As a leading firm in financial and NRI tax filing services, what sets us apart is our uniqueness and the plethora of services we offer in taxation. We're your one-stop destination for everything related to foreign taxation and financial advisory. With thousands of satisfied clients, our work speaks for itself.
Yes. Savetaxs can help with financial planning for NRIs as well as tax planning for returning NRI.
If you are an NRI with US tax residency, you must file your US tax return, i.e., Form 1040, even if you are staying in India. To do so, fill out the IRS form online using the IRS e-file system or another authorized US platform. Additionally, if you have any Indian sources of income mentioned on your US return. To avoid double taxation on the Indian earned income, under the Foreign Tax Credit (FTC), you can claim for paid taxes in India. For this, you need to fill out Form 1116. Furthermore, if your Indian bank accounts exceed the specific threshold limit, you need to fill out FBAR (FinCEN Form 114) and FATCA (Form 8938).
Yes, NRIs need to file taxes in India and the USA. In India, individuals pay taxes on the income they receive or earn, including capital gains, rent, dividends, and other forms of income. While in the USA, they are liable to pay tax if they are green card holders or US citizens. In this scenario, even if they are living in India, they must file tax on their global income in the USA.
Double taxation means paying the tax on the same amount twice. For instance, on your rental income, you paid 30% tax in India as this you received in India, and on the same income, you paid tax in the US as you are a US citizen, and the rental income is part of your global income that will be taxed in the US.
DTAA stands for Double Taxation Avoidance Agreement. It is an agreement that both India and the USA signed to avoid double taxation on the same income. Using this agreement, NRIs need to pay tax in any one country, and they can claim tax credit on the amount in another country if they have already paid tax on that. The agreement covers income from house property, dividends, capital gains, salary, royalties, and more. Additionally, the DTAA agreement reduces the tax burden of NRIs and ensures fair taxation.