NRI & International Tax Advisory
Thunuguntla & Associates
Who This Is For
NRIs with Indian income (rent, capital gains, dividends) | NRIs selling property in India | NRIs repatriating funds from India | Returning NRIs (RNOR status planning) | Foreign nationals with Indian income sources
What We Do
NRI Income Tax Return Filing Indian income earned by NRIs — rental income, capital gains on property or securities, interest on NRO accounts, and business income — is taxable in India and must be reported. We prepare and file your Indian ITR accurately, leveraging DTAA benefits to avoid double taxation.
Capital Gains on Property Sale — NRI Property sales by NRIs attract TDS deduction by the buyer at 20-30% on the gross sale value. We advise on: - Correct TDS computation - Lower deduction certificate to reduce buyer’s TDS obligation - Capital gains computation with indexation - Reinvestment planning for tax exemption - Repatriation of sale proceeds post-tax compliance
Form 145 / 146 — Repatriation & Remittances Any remittance outside India requires Form 145 (online declaration) and, in most cases, Form 146 (CA certificate). We assess taxability of the remittance, issue Form 146, and assist in filing Form 145 — ensuring smooth bank processing without delays.
FEMA & NRE / NRO Account Advisory The rules governing NRE and NRO accounts, permissible credits, repatriation limits, and account conversion (NRO to NRE) are frequently misunderstood. We provide accurate, compliance-driven guidance on FEMA-RBI framework applicable to NRIs.
DTAA Analysis & Treaty Benefits India has Double Tax Avoidance Agreements with over 90 countries. We analyse the applicable treaty, identify eligible exemptions or reduced rates, and ensure correct claiming of treaty benefits in your Indian return — supported by Tax Residency Certificates.
Returning NRI — RNOR Status Planning Returning NRIs enjoy a transitional Resident but Not Ordinarily Resident (RNOR) status that exempts foreign income from Indian tax for up to 2-3 years. We advise on timing of return, income repatriation, and status determination to maximise this window.
US Tax Filing Support For NRIs in the United States, we provide coordinated support through our dedicted Entity "Affinity Finance" for US Federal Tax Return filing (in association with licensed US tax professionals), covering FBAR (FinCEN 114), Form 8938, and India-US DTAA positions.
Why Affinity Finance
Affinity Finance is our dedicated cross-border taxation practice — purpose-built for NRI clients who need responsive, technically sound advisory from a team that understands both the Indian regulatory environment and the practical realities of living abroad.
Talk to Us
Based abroad with Indian financial interests? Let us simplify your compliance.