Returning Indian / Recent Immigrant
Table of Contents
Returning Indian / Recent Immigrant Services – N.D. Savla & Associates
When an NRI returns to India after years abroad, financial and compliance matters become more complex. At N.D. Savla & Associates, we provide tailored advisory for Returning Indians and recent immigrants to ensure a smooth transition from non-resident status to Indian residency. Our focus is on optimizing tax liability, ensuring FEMA compliance, and securing your global assets.
Overview
Returning Indians often face questions around RNOR (Resident but Not Ordinarily Resident) status, disclosure of foreign assets, reinvestment of overseas income, and residential taxation. We guide you through every step so that your return to India is financially secure and legally compliant.
Features
Determination of residential status under Indian Income Tax laws (NRI → RNOR → Resident)
Tax planning for Returning Indians to minimize global tax exposure
Advisory on foreign asset and bank account disclosure
Structuring reinvestment of overseas funds, property, and securities in India
Guidance on FEMA and RBI compliance for foreign holdings
Documents Required
Passport & Visa copies
PAN card
Foreign bank account statements
List of overseas assets (property, shares, deposits, investments)
Tax returns filed abroad (if applicable)
Proof of income earned outside India
Procedure
Residential Status Review – Assess your tax residency as per Indian law.
Asset & Income Mapping – Collect details of overseas assets, bank accounts, and income sources.
Disclosure & Compliance – Advise on mandatory reporting of foreign assets and income.
Reinvestment Advisory – Suggest optimal use of funds in Indian property, mutual funds, or business.
Tax Structuring – Apply provisions for RNOR benefits and avoid double taxation through DTAA relief.
Final Transition – Ensure compliance with Indian tax, FEMA, and RBI regulations during your shift to residency.
Why This Matters
Without proper planning, Returning Indians may face unexpected tax liabilities, penalties for non-disclosure of foreign assets, or complications with FEMA and RBI rules. Our role is to simplify the process so you can focus on your homecoming while we handle the compliance.
