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NRI Services

We offer host of professional services to NRI’s settled abroad who have financial interests and physical assets in India, their management can be very challenging for them. Therefore, our experts work in close cooperation with them to safeguard their interests in India. The services that we offer to the NRI’s are:

I. Allotment of Permanent Account Number (PAN)
Procedure
1. We obtain PAN on the request of the client.
2. We shall e-mail the client a standard format in which the client is required to furnish us details specified therein.
3 .The client shall furnish information to us by e-mail.

Based on the information furnished by the client:
1. We shall prepare and e-mail the application in standard format for obtaining PAN.
2. The client will download the standard format, sign and send it to us for submission to the Income-tax Department.
3. We shall obtain the number and PAN Card and send it across.

PAN Card Utilities
1. Required for transactions in shares, mutual funds, debentures etc.
2. Required for property transactions.
3. Required for claiming refund of income tax.
4. Required for depositing income tax and filing income tax returns.
5. Required for banking transactions.

II. Filing of Return of Income
Procedure
1. To file Income tax return on the clients request.
2. We shall e-mail the client a format in which the client is required to furnish us details specified therein.
3. The client shall furnish information to us by e-mail.

Based on the information furnished by the client:
1.We shall compute your tax liability or refund and email it to you.
2.The client will download the standard format, sign and send it with the required enclosures to us for submission to the Income-tax Department.
3.We shall file the Return, attend the assessment, obtain the Assessment Order and inform you the tax liability or refund.

III. Wealth Tax
G. K Sureka & Co. does assessment of the wealth of NRI Individuals for taxation purposes in India; according to the Wealth Tax Act, 1957. NRI’s most of the times are unaware of the procedures in getting their wealth in the India assessed. We guide our NRI clients in getting their wealth assessed with the help of simple format developed by us where they have to furnish information and email it to us; we then assess their tax liability and file the return on behalf of them.

IV.Capital Gains

G. K Sureka & Co. does assessment of the capital gains by the NRI Individuals, arising from the transfer of a capital asset being shares or debentures of an Indian company, gold, Immovable property and any other capital asset. We guide our NRI clients in getting their capital gains assessed with the help of simple format developed by us where they have to furnish information and email it to us; we then assess their tax liability and file the return on behalf of them.

V. Specific Advice
G. K Sureka & Co. gives valuable advice pertaining to the clients query related to taxation, Investment and repatriation of the income earned in India. We are having good deal of experience in savoring the common queries of NRI clients .

VI. FEMA / RBI Related Services

G. K Sureka & Co. offers the NRI clients the FEMA / RBI related services. Since, the most of the time foreign exchange is repatriated from or remitted into the country which is regulated by the statuary guidelines of the Foreign Exchange Management Act managed by the RBI.

  • Professional Advise on the compliance of the procedures including Chartered Accountants certificate for repatriation of income / assets from India.
  • Filing applications with the Reserve Bank of India for purchase / sale of shares, debentures & securities and directly to and from Residents and Non Residents in India and outside India.
  • Filing applications with the Reserve Bank of India for purchase / sale of residential and commercial properties including renting out of properties.
  • Any specific advice required in relation to FEMA/RBI matters.