Returning Indian & Recent Immigrant Tax Services | N D Savla & Associates, Nashik
Returning Indian & Recent Immigrant · Nashik, Maharashtra

Returning Indian & Recent Immigrant — Plan the Transition Year.

Tax planning and compliance for people moving to India — returning Indians and recent immigrants — covering status change, foreign assets and Indian reporting.

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Moving to India changes the scope of what India can tax. As residential status shifts from non-resident to resident, income that was previously outside the Indian net can come within it, and reporting obligations for foreign assets and accounts can begin to apply.

At N D Savla & Associates, we work with returning Indians and recent immigrants on the transition — timing the move where there is flexibility, assessing whether resident but not ordinarily resident status is available, and setting up Indian compliance from the correct starting point.

The transition year rewards planning and punishes improvisation. Decisions about when to arrive, when to liquidate foreign holdings, and how to structure the transfer of funds are far easier to make before the move than to unwind after it.

Our Transition Advisory Services

Transition Year Status Analysis

Determination of residential status for the year of arrival and the years that follow.

RNOR Benefit Assessment

Assessment of eligibility for resident but not ordinarily resident status and its scope.

Arrival Timing Planning

Analysis of how the timing of the move affects status and taxable income.

Foreign Asset Reporting Advisory

Guidance on Indian reporting obligations for foreign assets, accounts and income.

Foreign Income Taxability Review

Assessment of which foreign income becomes taxable in India and when.

Foreign Tax Credit Advisory

Advice on relief and credit for taxes paid abroad on the same income.

Account & Investment Restructuring

Guidance on account conversions and holding structures after the change in status.

Indian Compliance Setup

Registration, return filing and ongoing compliance from the year of arrival onwards.

Our Transition Planning Process

1

Move Profile Review

We review the move date, travel history, foreign income sources and asset holdings.

2

Status & RNOR Analysis

Status for the transition year and subsequent years is determined, including RNOR eligibility.

3

Exposure & Reporting Mapping

Foreign income taxability and Indian reporting obligations are mapped out.

4

Planning Recommendations

Timing, liquidation and structuring options are discussed before action is taken.

5

Compliance Implementation

Indian registrations, disclosures and return filings are set up and completed.

Why It Matters

Transition year planned rather than discovered at filing
RNOR benefits identified and used where available
Foreign income taxability understood before the move
Foreign asset reporting handled correctly from year one
Credit for foreign taxes considered with documentation
Account conversions and restructuring done in sequence
Reduced risk of disclosure omissions
Continuity of advice through the whole transition

Frequently Asked Questions

As residential status changes, the scope of income taxable in India can widen from Indian income alone to a broader scope, and additional reporting obligations relating to foreign assets and income may begin to apply.
Resident but not ordinarily resident is an intermediate status available to individuals meeting the conditions in the Act, and it results in a narrower scope of income being taxable in India than for an ordinarily resident person.
Yes, because residential status is determined by days of presence in India during the previous year, so the timing of arrival can affect status for that year and consequently the scope of taxable income.
Residents are generally required to disclose specified foreign assets and income in their return of income, with the extent of the obligation depending on residential status for the year.
Relief may be available under the applicable double taxation avoidance agreement or the domestic provisions on foreign tax credit, subject to the conditions and documentation prescribed.
The move date, the status outcome, the treatment of foreign holdings and the reporting obligations should be reviewed in advance so that decisions on timing and liquidation can be made with the tax position in view.

Planning a move to India?

Tell us your expected arrival date and foreign holdings — we'll map the status outcome and what to do before you land.