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Specialised Tax & Compliance Advisory for Non-Resident Indians | Phagwara, Punjab
Specialised Tax & Compliance Advisory for Non-Resident Indians | Phagwara, Punjab
The Doaba region of Punjab — encompassing Jalandhar, Hoshiarpur, Kapurthala, and Nawanshahr districts — has one of the highest concentrations of Non-Resident Indians in the country. Millions of NRIs from this region have settled in Canada, the United Kingdom, the United States, Australia, and the Gulf countries, while retaining property, bank accounts, investments, and family ties in India.
For NRIs, Indian tax obligations do not end with departure from the country. Income arising in India — from property sale, rental income, bank interest, dividends, or capital gains — is taxable in India regardless of where you reside. The compliance requirements, TDS rules, and repatriation procedures can be complex, time-sensitive, and unfamiliar to those living abroad.
At N.K. Gaba & Co., we have been providing specialised NRI Taxation and Compliance services for over two decades. We understand the specific concerns of NRIs from the Doaba region and beyond — and we provide clear, practical, and legally sound guidance to help you meet your Indian tax obligations efficiently. We are fully equipped to handle matters remotely, with professional support for clients based outside India.
Our NRI Services:
Our NRI Services:
Tax on Property Sale in India
Tax on Property Sale in India
If you are an NRI selling property in India, the buyer is required to deduct TDS at 12.5% (plus applicable surcharge and cess) on the sale consideration — significantly higher than the 1% applicable to resident sellers. We assist with Capital Gains computation, applicable exemptions under Sections 82, 85 and 86, tax liability calculation, and advice on repatriation of sale proceeds. We also assist in applying for a Lower TDS Certificate to reduce upfront TDS deduction.
Remittance Compliance — Form 145 and Form 146
Remittance Compliance — Form 145 and Form 146
Any person responsible for paying a sum chargeable to tax to a non-resident or foreign company is required to comply with the information and certification requirements under Rule 220 of the Income Tax Rules, 2026, before effecting the remittance.
Under the Income Tax Act, 2025 (effective 1st April 2026), the applicable forms are:
Form 145 — Information to be furnished by the person making the payment, structured in four parts:
Part A — where aggregate payments during the tax year do not exceed ₹5,00,000
Part B — where payments exceed ₹5,00,000 and a certificate or order from the Assessing Officer under Section 395(1) or (2) is obtained
Part C — where payments exceed ₹5,00,000 and a Form 146 certificate from an accountant is obtained
Part D — where the payment is not chargeable to tax under the Act
Form 146 — Certificate from an accountant as defined in Section 515(3)(b) of ITA 2025, required when the remittance exceeds ₹5,00,000 and the Assessing Officer certificate route (Part B) is not taken.
Certain remittances are exempt from these requirements — including individual remittances not requiring RBI approval under FEMA Schedule III, remittances by IFSC Units, and remittances of the nature specified in the prescribed list under Rule 220(3).
These forms replace the earlier Form 15CA and Form 15CB under the Income Tax Act, 1961, which were applicable until 31st March 2026. The underlying compliance obligation and process remain substantively the same.
We assess the taxability of the remittance, determine DTAA applicability, identify whether an exemption applies under Rule 220(3), and prepare and file Form 145 and Form 146 as required — ensuring compliant and timely remittance.
→ Read Detailed Guide — Form 145 / Form 146
NRI Income Tax Return Filing
NRI Income Tax Return Filing
NRIs earning income in India — from property, rent, capital gains, interest, or business — are required to file an Indian Income Tax Return if their Indian income exceeds the basic exemption limit. We determine the applicable ITR form, compute taxable income, claim eligible deductions and DTAA relief, and file the return on your behalf.
DTAA — Avoiding Double Taxation
DTAA — Avoiding Double Taxation
India has Double Taxation Avoidance Agreements (DTAAs) with over 90 countries. These treaties determine which country has the right to tax specific income — and in many cases significantly reduce the Indian tax liability for NRIs. We advise on DTAA applicability, Tax Residency Certificate requirements, and the claim of Treaty benefits in your Indian Tax Return.
NRE vs NRO Accounts — Tax Implications
NRE vs NRO Accounts — Tax Implications
The tax treatment of NRE and NRO accounts in India differs significantly. Interest on NRE accounts is fully exempt from Indian tax; interest on NRO accounts is taxable and subject to TDS at source. We advise NRIs on the tax implications of their Indian bank accounts, fixed deposits, and repatriation from NRO accounts.
Lower TDS Certificate for NRI Property Sale
Lower TDS Certificate for NRI Property Sale
NRIs selling property in India can apply to the Income Tax Department for a Lower or Nil TDS Deduction Certificate under Section 395 of ITA 2025 (earlier Section 197 of ITA 1961), based on actual Capital Gains and applicable exemptions. This prevents excess TDS deduction and avoids the process of claiming a refund after filing the return. We prepare and file the application on your behalf.
N.K. Gaba & Co. is based in Phagwara, Punjab — in the heart of the Doaba region. We serve NRI clients across India and from abroad, with remote consultation available for clients based outside India.
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