Exclusive Platform
for NRIs
Experience in Income
Tax and FEMA
Encrypted Digital
Security Platform
No matter where you live in the world,
PravasiTax will manage your
Tax compliances in India
Submit your Tax Return in
3 simple steps
Share
Share your tax information and documents with PravasiTax
Prepare
PravasiTax will prepare your Tax workings and share with you for your review and
confirmation
e-Filing
PravasiTax will assist in filing your Tax Return
Benefits of filing tax with us
Exclusive Platform for NRIs
PravasiTax is designed after careful consideration of requirements and challenges of an NRI tax payer. Additionally, we keep track of ever changing Income Tax and regulatory laws in India applicable to NRIs and update our platform and services based on the requirement.
Experience in Income Tax and FEMA
Our well qualified team of CAs have collective exclusive experience of more than 25 years in the Indian Taxation, Tax Treaties and Regulatory arena empowering us to provide the best solution to NRIs. We are focused to provide Income-tax and FEMA related consulting services tailored for NRIs with our deep experience in this area.
Encrypted Digital Security Platform
We have deployed a secure digital platform for encrypted exchange of financial and tax related data. Our clients can be at total peace of mind as their data is secure with us and only maintained till it serves the purpose.
Ease of Use
Indian Taxation is a complex topic and at PravasiTax we strive to make it easy for our clients by constantly sharing insights which can be understood by every NRIs. PravasiTax is an easy to use platform and our clients can file their tax returns in 3 easy steps.
What clients say
about our service.
We strive our best to give the best solutions for our clients without
much hassle and delay.
Divakaran Ammanath
Kuwait
As an NRI living outside for many years, I was in search for a reliable organization to
handle my tax matters in India. I had an outstanding professional service from
“PravasiTax” team, and excellent customer experience while filing my tax return in India
with www.Pravasitax.com. The entire process was handled smoothly, and the tax mentors
assisted me to complete the tax filing in a short time. PravasiTax Professionals are
experts in Income Tax matters and addressed all my queries effectively.
I wish all the success to PravasiTax and highly recommend them to NRIs looking to file
their taxes in India.
Mr Cherian
Kuwait
I would like to thank PravasiTax team for the outstanding customer service provided and
appreciate all the support extended in answering our queries related to taxation. Your
attention to details during the tax filing enabled us to complete the process smoothly
without any delays this year. I would love to recommend PravasiTax to anyone who would
need taxation related services and/or advise in the future.
Muhammed Zahid
Co-founder & CEO
Aqoza Technologies Pvt Ltd.
My biggest concern shifting from an NRI Salaried to an entrepreneur in India was the lack
of awareness on regulations and taxes here. Had to struggle initial days, till I met
Sreejith & team. From there onwards, I am least worried about those, as I am well
updated on regulations and it is well maintained on my both business & personal taxes. I
had recommended Pravasitax to all my NRI friends.
Basic Plan
Interest income earned in India by an NRI is taxable in India. Banks deduct tax (TDS) @ 30% on interest paid to NRIs without any threshold limit. Where TDS has been so deducted on theinterest income, NRIs can submit their tax returns in India to claim the excess tax deducted as refund.
Who Should Buy
NRIs earning interest from bank accounts (excluding NRE and FCNR accounts) in India.
Rental Income (Up to 3 Properties)
Rental income from a property (residential or commercial) situated in India is taxable in India, irrespective of an individual’s residential status. Also, filing tax returns in India within the due date can help you claim and carry forward the losses resulting from any properties in India.
Who Should Buy
NRIs owning up to 3 properties (residential or commercial) in India, whether rented out or otherwise.
Rental Income (More than 3 Properties)
Rental income from a property (residential or commercial) situated in India is taxable in India, irrespective of an individual’s residential status. Also, filing tax returns in India within the due date can help you claim and carry forward the losses resulting from any properties in India.
Who Should Buy
NRIs owning more than 3 properties (residential or commercial) in India, whether rented out or otherwise
Share Trading Income
An investor in the stock market may be engaged in different types of trading such as equity delivery-based trades, mutual funds or F&O trading. The Indian Tax Law prescribes different tax treatments for different types of investments in the stock market. In case of NRIs, the bank at the time of disbursing the trade proceeds, deduct tax (TDS). Where TDS has been so deducted on your income from shares, NRIs can submit the tax returns in India to claim the excess TDS amount as refund and to claim capital loss on share trade.
Who Should Buy
NRIs engaged in any kind of trading / investing activityon a recognized stock exchange during the year
NRIs who have sold unlisted shares during the year (Private Limited Company shares);
NRIs who have earned dividend income during the year.
Property Sale
Gain on sale of immovable property (including land) situated in India is chargeable to tax in India irrespective of an Individual’s residential status. In certain cases, at the time of sale of the property, buyers are required to deduct tax (TDS) on the amount paid to the seller. In case of NRIs, such tax deduction happens at the higher rate of 20%. NRIs can submit their tax returns in India to claim the excess TDS amount as refund. For consultation on tax planning to claim the tax exemption and also to calculate capital gain portion in advance on the sale consideration for TDS purpose, you can avail our ‘Tax Consultation Plan’
Who Should Buy
NRIs who have sold their residential house property during the year
NRIs who have sold any land or building during the year
NRIs who have sold any agricultural land situated in an urban area during the year
Income from Firm / LLP
Share of profit received by a partner from partnership firm or LLP is exempt from tax. However, remuneration and interest received by a partner from a partnership firm / LLP is taxable in the hands of the partner as business income.
Who Should Buy
NRIs who are Partners in any Partnership Firm;
NRIs who are Partners / Designated Partners in any LLP.
Professional / Business Income
NRI’s professional or business income may get taxed in India if the business or profession is carried out through a business connection in India. Legal, Medical, Engineering, Architectural, Accountancy, Technical consultancy or Interior decoration etc are some of the professions specified under the Indian Tax law.
Who Should Buy
NRIs earning income from business or profession set up in India (excluding income covered under Income from Partnership Firm / Limited Liability Partnership Plan).
Salary Income
Salary income of an NRI would be taxable in India only if the salary is earned for services rendered in India. Such income would be taxable in India irrespective of whether the income is received in India or abroad and whether it is received from a foreign employer or Indian employer.
Who Should Buy
NRIs earning salary, including salary received from foreign employer, where salary is earned for services rendered in India.
Other Source
Who Should Buy
NRIs who have earned an income which is not specifically covered in any other Plan.
Salary Income
An income is termed to be Salary if an employer-employee relationship exists. The term salary includes wages and pension. The salary received by you may consist of various components, which have distinct treatments prescribed under the Indian Tax law.
Rental Income (Up to 3 Properties)
Rental income from any property (residential or commercial) earned by a resident is taxable in India. Also, filing tax returns in India within the due date can help you claim and carry forward the losses resulting from any property.
Who Should Buy
Residents owning up to 3 properties (residential or commercial), whether rented out or otherwise
Rental Income (More than 3 Properties)
Rental income from any property (residential or commercial) earned by a resident is taxable in India. Also, filing tax returns in India within the due date can help you claim and carry forward the losses resulting from any property.
Who Should Buy
Residents owning more than 3 properties (residential or commercial), whether rented out or otherwise
Share Trading Income
An investor in the stock market may be engaged in different types of trading such as equity delivery-based trades, mutual funds or F&O trading. The Indian Tax Law prescribes different tax treatments for different types of investments in the stock market. Also, where you have incurred a loss through share trading, you can claim capital loss through filing your Income Tax Return.
Who Should Buy
Residents engaged in any kind of trading / investing activityon a recognized stock exchange during the year
Residents who have sold unlisted shares during the year (Private Limited Company shares)
Residents who have earned dividend income during the year
Plan Exclusions
Fair market valuation of unlisted shares.
CA Certification and Tax Audit
Property Sale
Gain on sale of immovable property (including land) situated in India is chargeable to tax in India. In certain cases, at the time of sale of the property, buyers are required to deduct tax (TDS) on the amount paid to the seller. Where TDS has been so deducted, individuals can submit their tax returns in India to claim the excess TDS amount as refund. For consultation on tax planning to claim the tax exemption and also to calculate capital gain portion in advance on the sale consideration for TDS purpose, you can avail our ‘Tax Consultation Plan’
Who Should Buy:
Residents who have sold their residential house property during the year
Residents who have sold any land or building during the year
Residents who have sold any agricultural land situated in an urban area during the year
Plan exclusions
CA Certifications and valuations
Lower or NIL TDS certificate from the Tax Department
Income from Firm / LLP
Share of profit received by a partner from partnership firm or LLP is exempt from tax. However, remuneration and interest received by a partner from a partnership firm / LLP is taxable in the hands of the partner as business income.
Who Should Buy:
Residents who are Partners in any Partnership Firm
Residents who are Partners / Designated Partners in any LLP
Plan Exclusions:
Book Keeping and Accounting Service
Statutory Audit and Tax Audit
CA certifications and Valuations
Professional / Business Income
If you are a sole proprietor, the income from your business would need to be reported in your individual tax return. The income from your business / profession would need to be reported separately as business income in your personal Income Tax Return. Legal, Medical, Engineering, Architectural, Accountancy, Technical consultancy, Interior decoration etc are some of the professions specified under the Indian Tax law. These prescribed professionsand certain businesses also have an option of paying taxes on presumptive basis without the requirement of maintaining books of accounts.
Who Should Buy
Resident individuals earning income from business or profession(excluding income covered under Income from Partnership Firm / Limited Liability Partnership Plan).
Plan Exclusions
Book Keeping and Accounting Service
Statutory Audit and Tax Audit
Issue of CA Certification under any Regulation
Foreign Income
Who Should Buy:
Residents who have earned an income which is not specifically covered in any
other Plan.
Other Source
Who Should Buy:
Residents who have earned an income which is not specifically covered in any other Plan.
Interest Income
Who Should Buy:
Residents who have earned an income which is not specifically covered in any
other Plan.