NRI

At JSPR & Associates, we specialize in delivering end-to-end financial, tax, and regulatory services tailored for Non-Resident Indians (NRIs). Our offerings include income tax return filing, claiming DTAA benefits, managing NRO/NRE accounts, capital gains advisory, repatriation support, and filing Form 15CB. We also assist with property tax compliance, investment structuring, inheritance matters, and FEMA/RBI regulations. With a deep understanding of cross-border taxation and years of experience, we ensure that you stay compliant while maximizing savings—no matter where you reside.

NRI Taxation Services

NRI Property Sale in India

Lower Rate of Tds

15CB Form
For Remittances

NRI Compliances &
Disclosures

NRI Investment in India Consultancy

NRI Returning to India Consultancy

Estate Planning
For NRI

Double Taxation Avoidance Agreement Consultancy

Types of Bank Accounts an NRI can open

Frequently Asked Questions

NRI Investment in India Consultancy

India’s robust industrial growth over the past two decades has positioned it as a highly attractive destination for Foreign Direct Investment (FDI). With this growth, Non-Resident Indians (NRIs) are increasingly exploring investment opportunities in India across diverse sectors such as real estate, equities, mutual funds, fixed deposits, and debt instruments.

At JSPR & Associates, we understand the unique challenges NRIs face in managing finances from abroad. Our team provides personalized investment consultancy, helping you select the right financial products that align with your risk profile and long-term goals—while ensuring full regulatory compliance.

Our Key NRI Investment Services Include:

Real Estate Advisory
End-to-end support in buying, selling, or managing properties in India, ensuring informed decisions and optimal returns.
Strategic Investment Partnerships
Through our network of underwriters and financial partners, we provide access to curated investment opportunities with high-return potential, tailored to your profile.
Tax Advisory
Detailed guidance on the tax impact of various investment options including ELSS, ULIPs, mutual funds, REITs, NPS, PPF, FDs, and tax-free bonds—ensuring efficient tax planning.
Compliance Assistance
Full support in meeting global disclosure and compliance requirements such as FATCA, CRS, FINCEN, and WDF to avoid penalties and legal hurdles.
Recovery Services
Assistance in recovering unclaimed shares, dividends, and fixed deposit receipts (FDRs)—safeguarding your forgotten or unattended wealth.

NRI Compliances & Disclosures

At JSPR & Associates, we offer specialized financial, legal, and regulatory services for Non-Resident Indians (NRIs)—individuals of Indian origin residing abroad. Our focus is to ensure that your cross-border financial interests remain transparent, fully compliant, and legally secure under Indian and international laws.

NRIs are subject to various mandatory disclosure and compliance requirements, including FATCA, CRS, and WDF. Our team provides end-to-end assistance in fulfilling these obligations accurately and efficiently.

Key Regulatory Areas We Cover:

FATCA / CRS Compliance

The Foreign Account Tax Compliance Act (FATCA) was introduced by the U.S. government to prevent tax evasion through offshore holdings. In 2015, India adopted FATCA under an intergovernmental agreement with the U.S.

NRIs residing in the U.S. and investing in Indian financial assets must comply with FATCA rules.
Financial institutions in India are mandated to report investment details of U.S. taxpayers.
A self-declaration of FATCA compliance (Form 61B) is required under Indian Income Tax Rules (Rule 114F & 114H).
Similar compliance is required under Common Reporting Standard (CRS) for residents of other participating countries.

We assist in filing FATCA/CRS declarations, maintaining necessary documentation, and ensuring full adherence to regulatory requirements.

Worldwide Disclosure Facility (WDF) – UK

The Worldwide Disclosure Facility (WDF) is designed for individuals with unreported offshore income or gains linked to UK tax obligations.

WDF is applicable to any person needing to disclose a UK tax liability related to offshore income, for any tax year up to and including 2023/24.
While it doesn’t offer lenient terms, early voluntary disclosure helps mitigate penalties and avoids severe legal consequences.

We support NRIs with UK links in preparing accurate disclosures under WDF and liaise with the necessary tax authorities.

Lower Rates of TDS

Optimizing Tax Deduction and Cash Flow for NRIs

When a Non-Resident Indian (NRI), Overseas Citizen of India (OCI), or Foreign Resident sells property in India, TDS is applicable under Section 195 of the Income Tax Act.

20% TDS is deducted if the property qualifies as a long-term capital asset
30% TDS applies if it’s a short-term capital asset

However, in most cases, the actual tax liability is much lower than the TDS amount. This results in excessive deduction and blockage of funds until a refund is processed.

To prevent this, the Income Tax Act allows NRIs to apply for a Lower or NIL TDS Certificate under Section 197 by filing Form 13 along with the necessary documentation to the jurisdictional assessing officer.

Our Services Include:

Preparation & Filing of Form 13 for Lower/NIL TDS Certificate
Advisory on Applicable TDS Rates based on property type and capital gains
Assistance for NRIs as Buyers in complying with TDS obligations
Document Collection, Coordination, and Follow-Up with the Income Tax Department
Avoidance of Excess TDS & Refund Delays

Form 15CB for Foreign Remittances

CA Certification for Outward Remittance Compliance

At JSPR & Associates, we assist in issuing Form 15CB, a mandatory Chartered Accountant certificate required for remitting funds from India to a non-resident or foreign entity. This form ensures that the remittance is either not chargeable to tax or that applicable taxes have been correctly deducted under the Income Tax Act and relevant DTAA provisions.

What is Form 15CB?

Form 15CB is a certificate issued by a Chartered Accountant that confirms:

The nature and purpose of the remittance
Taxability of the remittance under Indian law
Whether TDS is applicable and, if so, the correct rate
Compliance with provisions of the Income Tax Act, 1961, and applicable Double Taxation Avoidance Agreements (DTAAs)

This certificate is submitted to the Authorized Dealer (Bank) as part of the documentation required for processing international payments.

We Offer the Following Services:

Preparation and certification of Form 15CB
Consultation on taxability of remittances under Indian law and DTAA
Assistance in NRO to NRE and NRO to Overseas Account transfers
Support in compliance with FEMA regulations for outward remittances
Advisory on repatriation limits (up to USD 1 million annually for NRIs) and related income tax compliance

NRI Taxation Services

Comprehensive Tax Solutions for Global Indians

At JSPR & Associates, we specialize in offering end-to-end tax advisory and compliance services for Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs). With many NRIs maintaining residential properties, investments, or businesses in India, understanding Indian tax implications is essential to stay compliant and optimize wealth.

Backed by years of experience, our expert team of NRI tax consultants offers tailored strategies to minimize tax liabilities, ensure regulatory compliance, and support your global financial goals.

Key Benefits:

Minimize tax liabilities through exemptions & deductions
Ensure full compliance with Indian tax and FEMA laws
Avoid double taxation via DTAA provisions
Enable smooth repatriation of funds
Gain clarity on investments and return filing

Our NRI Taxation Services Include:

Income Tax Return Filing for individuals, HUFs, and businesses
Capital Gains Tax Planning for sale of property in India (with exemptions under Sec 54, 54F, 54EC, etc.)
DTAA Advisory to avoid double taxation between India and the country of residence
Advance Tax Planning and Tax Optimization Strategies
Assistance in Income Tax Scrutiny, Assessments & Appeals
Remittance Advisory & Compliance under FEMA – including repatriation up to USD 1 million annually
Certification under Income Tax & FEMA for remittances
Investment Advisory for claiming deductions under Sec 80C (PPF, LIC, FD, Home Loan Principal, etc.)
Representation before Tax Authorities, CIT(A), and Appellate Forums
PAN/TAN Application & Allied Registration Services
Housing Loan & Investment Planning Guidance

Form 15CB for Foreign Remittances

CA Certification for Outward Remittance Compliance

What is Form 15CB?

Form 15CB is a certificate issued by a Chartered Accountant that confirms:

The nature and purpose of the remittance
Taxability of the remittance under Indian law
Whether TDS is applicable and, if so, the correct rate
Compliance with provisions of the Income Tax Act, 1961, and applicable Double Taxation Avoidance Agreements (DTAAs)

This certificate is submitted to the Authorized Dealer (Bank) as part of the documentation required for processing international payments.

We Offer the Following Services:

Preparation and certification of Form 15CB
Consultation on taxability of remittances under Indian law and DTAA
Assistance in NRO to NRE and NRO to Overseas Account transfers
Support in compliance with FEMA regulations for outward remittances
Advisory on repatriation limits (up to USD 1 million annually for NRIs) and related income tax compliance

NRI Property Sale in India

Expert Support for Sale, Management & Repatriation of NRI-Owned Property in India

India’s real estate sector continues to be a lucrative investment opportunity for Resident Indians and NRIs alike, especially in growing urban markets. Many Non-Resident Indians (NRIs) and Overseas Citizens of India (OCIs) own residential or commercial properties in India—either for investment, inheritance, or personal reasons.

However, selling, reinvesting, or managing these properties involves complex rules and compliance under Indian laws, including those related to income tax, TDS, FEMA, RBI, and repatriation procedures. The process differs significantly from that applicable to resident Indians and can be confusing.

At JSPR & Associates, we offer end-to-end assistance for NRIs and foreign residents in selling, transferring, or managing properties in India—ensuring maximum benefit with minimum hassle.

Why choose us for Selling Property in India for NRI

Act as an Authorised Representative during the sale or registration
Help transfer property to the rightful NRI owner’s name
End-to-end documentation, drafting, and compliance
Assistance in bank account setup for inward/outward remittances
Guidance to buyers of NRI property on TDS & compliance matters

Specialized Support For:

Sale of property by one NRI to another
Property acquired through inheritance or gift
Sale of agricultural land or farmhouses
Repatriation of sale proceeds under FEMA

Capital Gains & Tax Liability

Long-Term Capital Gain (LTCG): If held for more than 2 years, taxed @20%
Short-Term Capital Gain (STCG): If held for 2 years or less – taxed at slab rates

We compute accurate tax liability and help you avail of exemptions to reduce othe verall tax burden.

Lower / NIL TDS Certificate (Sec 197)

TDS for NRIs is deducted at high flat rates (20%-30%) on sale of property, leading to excess tax deduction.

We assist in applying for a Lower / NIL TDS Certificate from the Income Tax Department by filing Form 13, helping you avoid large deductions and delayed refunds.

TDS Refund Support

If a Lower/NIL TDS certificate was not obtained, we help file your Income Tax Return to claim refund of excess TDS deducted on the property transaction.

Capital Gains Tax Exemption Options

Section 54: Exemption on LTCG by reinvesting in a residential house within India (purchase within 1 year before or 2 years after, or construction within 3 years).
Section 54EC: Exemption by investing in specified capital gains bonds (NHAI, REC, PFC) within 6 months of sale. Lock-in period: 5 years.
Section 54F: Available on sale of any capital asset (other than house property) if the entire net consideration is reinvested in one residential house in India within the specified period.

Form 15CB – Chartered Accountant Certificate for Remittance

We assist with the preparation and certification of Form 15CB, required before remitting funds outside India. This certifies:

Nature and purpose of payment
Applicable tax deduction or exemption under DTAA
Compliance with Income Tax Act and FEMA regulations

We also provide support in the repatriation of sale proceeds from NRO to NRE accounts or overseas accounts, ensuring compliance with RBI guidelines.

NRI Returning to India Consultancy

Seamless Tax & Compliance Support for Returning NRIs and Expats in India

As Indian citizens travel abroad for employment, many eventually become Non-Resident Indians (NRIs) or acquire foreign citizenship, becoming Persons of Indian Origin (PIOs) or Overseas Citizens of India (OCIs). Whether returning to India permanently or temporarily, or arriving in India as a foreign citizen for business or employment, it is essential to understand and comply with Indian tax laws and foreign exchange regulations.

At JSPR & Associates, we offer specialized services to NRIs, PIOs, OCIs, and foreign nationals to make their transition and settlement in India smooth, compliant, and financially sound.

Our Services Include:

Tax Planning for Returning NRIs

Strategic planning of the date and month of return to optimize residential status and minimize tax liability in the year of return (April–March).

Re-designation of Accounts

Conversion of NRO/NRE accounts into resident accounts
Assistance with FCNR account conversion to RFC or INR accounts
Opening of Resident Foreign Currency (RFC) accounts

Banking & Repatriation Compliance

Proper re-designation of all Indian bank accounts
Guidance on repatriation of overseas assets and inward remittances
Assistance in reinvestment of sale proceeds from overseas assets in India

Income Tax Compliance

Application for PAN (if not already held)
Assistance in filing Income Tax Returns (ITRs)
Advisory on residency status, income classification, and applicable exemptions

Tax Liability Planning in India

We help returning NRIs and foreign citizens understand the Indian tax system and plan their finances to reduce exposure and ensure full compliance.

Estate Planning For NRI

Secure Your Legacy. Plan for the Future.

A vast majority of Resident Indians and NRIs—over 82%—still do not have a professionally prepared Will or estate plan in place. The common misconception is that estate planning is only for the wealthy, but the truth is that everyone who owns assets should have a plan.

In India, millions pass away each year without any estate plan, leaving their families to endure lengthy, expensive Succession Certificate or Probate processes. For NRIs, estate planning becomes even more critical and complex due to asset ownership across jurisdictions—India and abroad.

What Is Estate Planning?

Estate planning is the process of ensuring that your assets are distributed according to your wishes, efficiently and with minimal legal hurdles. It eliminates uncertainty, reduces taxes and costs, and protects your family from unnecessary distress.

Our Estate Planning Services Include:

🖋️ Drafting / Reviewing of Key Documents

Individual Will
Couple Will
Family Trust Deed
Trust for minors or dependents with special needs
Family Settlement Agreement

📜 Property & Legal Documentation

General Power of Attorney (POA)
Special Power of Attorney
Gift Deed
Release Deed

👨‍⚖️ Advisory & Compliance Support

Gift Tax Compliance & Advisory
Bereavement Advisory (when a person passes without a Will)
Succession Planning for Business & Personal Assets
Trust Structuring & Estate Distribution Strategy

Double Taxation Avoidance Agreement Consultancy

Protecting Your Global Income from Being Taxed Twice

Income can become subject to double taxation when it is taxed both in the country where it is earned (the source country) and in the country where the taxpayer resides (the residence country). For example, if an NRI residing in the USA earns income in India, they may be liable to pay tax in both India and the USA, unless protected by a DTAA.

What Is Double Taxation?

Double taxation refers to a scenario where the same income is taxed twice—once in the country of residence and once in the country of origin—due to differing tax rules such as:

Residence-based taxation (global income taxed by resident country)
Source-based taxation (income taxed where it is earned)

How DTAA Helps

A Double Taxation Avoidance Agreement (DTAA) is a bilateral agreement between countries that provides relief from double taxation in one of the following ways:

Granting exclusive taxation rights to one country
Allowing both countries to tax income, but limiting the rate of taxation
Allowing a tax credit in the residence country for taxes paid in the source country

Our DTAA Services Include

Advisory on Treaty Benefits specific to your income sources
Tax Residency Certificate (TRC) assistance to claim treaty benefits
Filing & Compliance under DTAA provisions
Planning repatriation of income/assets with minimized tax exposure
Withholding tax relief for interest, dividends, royalties, fees, etc.

Types of Bank Accounts an NRI can open

Guidance on Opening and Managing NRO, NRE, and FCNR (B) Accounts in India

Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), and Overseas Citizens of India (OCIs) can open and operate specific types of bank accounts in India through authorised dealers—i.e., RBI-authorised banks permitted to handle foreign exchange.

At JSPR & Associates, we provide expert assistance in account selection, compliance, documentation, and repatriation strategy based on your financial goals and residency status.

Types of NRI Bank Accounts in India

Particulars	FCNR (B) Account	NRE Account	NRO Account
Joint account of two or more NRIs	Permitted	Permitted	Permitted
Joint account with another person resident in India	Not permitted	Not permitted	Permitted
Currency in which account is denominated	Pound Sterling/ US Dollar/Jap.Yen/Euro	Indian Rupees	Indian Rupees
Repatriability – Principal	Freely repatriable	Freely repatriable	Not repatriable (except current income like rent, dividend, pension etc. and remittances indicated under “Repatriation of NRO Funds”)
Interest	Freely repatriable	Freely repatriable	Freely repatriable
Foreign currency risk	Account holder is protected against changes in INR value vis-à-vis the currency in which the account is denominated.	Account holder is exposed to the fluctuations in the value of INR.	Account holder is exposed to the fluctuations, in the value of INR to the extent of interest amount.
Type of accounts	Term deposits only.	Current, Savings, Recurring, Fixed Deposits.	Current, Savings, Recurring, Fixed Deposits.
Period of fixed deposits	For terms not less than 1 year and not exceeding 3 years	For the periods as announced by the deposit taking bank.	For the periods as announced by the deposit taking bank.
Rate of interest	Banks are free to determine interest rates within the ceiling, if any, prescribed by the Reserve Bank	Banks are free to determine interest rates.	Banks are free to determine interest rates.
Rupee Loans in India against Security of the funds held in the account to : Account holder Third Party	Permitted Permitted	Permitted Permitted	Permitted Permitted
Foreign currency loans outside India against security of the funds held in the account to : Account holder Third Party	Permitted Permitted	Permitted Permitted	Not permitted Not permitted

Frequently Asked Questions

What are the types of Residential Status for an Individual?

Resident in India, which is further divided into the
following two categories:

Resident and ordinarily resident (ROR).
Resident but not ordinarily resident (RNOR).

Non-resident in India (NR).

How to Calculate Residential status on the basis of number of days of stay in India?

Under section 6(1), an individual is said to be resident in India in any previous year, if he satisfies

Any one of the following conditions:

(i) He has been in India during the relevant previous year for a total period of 182 days or more, or

(ii) He has been in India during the 4 years immediately preceding the relevant previous year for a total period of 365 days or more and has been in India for at least 60 days in the relevant previous year.

If both the above conditions are not satisfied, the individual is a non-resident.

Exceptions:

The following categories of individuals will be treated as resident in India only if the period of their stay during the relevant previous year amounts to 182 days or more. The condition of presence in India for 60 days or more in the relevant previous year is not applicable for such individuals.

(i) Indian citizen, who leaves India during the relevant previous year as a member of the crew of an Indian ship or for purposes of employment outside India, or

(ii) Indian citizen or person of Indian origin who, being outside India comes on a visit to India during the relevant previous year.

However, such person having total income, other than the income from foreign sources

[i.e., income which accrues or arises outside India (except income from a business controlled from or profession set up in India) and which is not deemed to accrue or arise in India],

exceeding 15 lakhs during the previous year will be treated as resident in India if –

– The period of his stay during the relevant previous year amounts to 182 days or more, or

– he has been in India during the 4 years immediately preceding the previous year for a total period of 365 days or more and has been in India for at least 120 days in the previous year.

Note – Stay in India for 120 days in the relevant P.Y. is not a standalone condition. This condition requires a stay in India for 120 days in the relevant P.Y. + 365 days in the 4 years immediately preceding the P.Y.

When are you considered as a Non-Resident Indian (NRI)?

A person who is not a resident of India is considered to be a Non-Resident of India (NRI). In case you do not satisfy either of the above conditions, you will be considered an NRI.

Who is Resident but not ordinarily resident (RNOR)?

A person is said to be “Resident but not ordinary resident” in India, if such person is:

non-resident in India in 9 out of the 10 previous years preceding that year, or
during the seven previous years preceding that year been is in India for a period, 729 days or less; or
Citizen of India, or a person of Indian origin, having total income, other than the income from foreign sources, exceeding Rs. 15 lakh during the previous year, and who has been in India for a period of more than 120 Days and less than 182 days
A citizen of India who is deemed to be resident in India under clause (1A).

If any of the above conditions fulfilled, the person shall be treated as “Resident but not ordinary resident” otherwise “Resident –ordinary resident”.

Who is a ‘PIO’?

A ‘Person of Indian Origin (PIO)’ means a foreign citizen not being a citizen of Bangladesh, Pakistan or other countries as may be specified by the Central Government from time to time if

a) at any time, held an Indian Passport or
b) who or either of whose father or mother or whose grandfather or grandmother was a citizen of India by virtue of the Constitution of India or the Citizenship Act, 1955 (57 of 1955).

c) he/she is a spouse of a citizen of India or a PIO

NRI

NRI

NRI Taxation Services

NRI Property Sale in India

Lower Rate of Tds

15CB Form For Remittances

NRI Compliances & Disclosures

NRI Investment in India Consultancy

NRI Returning to India Consultancy

Estate Planning For NRI

Double Taxation Avoidance Agreement Consultancy

Types of Bank Accounts an NRI can open

Frequently Asked Questions

NRI Investment in India Consultancy

Our Key NRI Investment Services Include:

NRI Compliances & Disclosures

Key Regulatory Areas We Cover:

FATCA / CRS Compliance

Worldwide Disclosure Facility (WDF) – UK

Lower Rates of TDS

Optimizing Tax Deduction and Cash Flow for NRIs

Our Services Include:

Form 15CB for Foreign Remittances

CA Certification for Outward Remittance Compliance

What is Form 15CB?

We Offer the Following Services:

NRI Taxation Services

Comprehensive Tax Solutions for Global Indians

Key Benefits:

Our NRI Taxation Services Include:

Form 15CB for Foreign Remittances

CA Certification for Outward Remittance Compliance

What is Form 15CB?

We Offer the Following Services:

NRI Property Sale in India

Expert Support for Sale, Management & Repatriation of NRI-Owned Property in India

Why choose us for Selling Property in India for NRI

Specialized Support For:

Capital Gains & Tax Liability

Lower / NIL TDS Certificate (Sec 197)

TDS Refund Support

Capital Gains Tax Exemption Options

Form 15CB – Chartered Accountant Certificate for Remittance

NRI Returning to India Consultancy

Seamless Tax & Compliance Support for Returning NRIs and Expats in India

Our Services Include:

Estate Planning For NRI

Secure Your Legacy. Plan for the Future.

What Is Estate Planning?

Our Estate Planning Services Include:

🖋️ Drafting / Reviewing of Key Documents

📜 Property & Legal Documentation

👨‍⚖️ Advisory & Compliance Support

Double Taxation Avoidance Agreement Consultancy

Protecting Your Global Income from Being Taxed Twice

What Is Double Taxation?

How DTAA Helps

Our DTAA Services Include

Types of Bank Accounts an NRI can open

Guidance on Opening and Managing NRO, NRE, and FCNR (B) Accounts in India

Types of NRI Bank Accounts in India

Frequently Asked Questions

Call us for expert financial and compliance solutions.

About Us

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Our Services

Contact Us

15CB Form
For Remittances

NRI Compliances &
Disclosures

Estate Planning
For NRI