India Tax Services
If you earn income in India, you are required to file tax returns in India, regardless of your status as a Non-Resident Indian (NRI). This income may include salary, rental income from property, investment earnings such as capital gains and dividends, or any other source.
With the increasing exchange of information between U.S. and Indian tax authorities, it is crucial to report your “global income” when filing taxes. Both the U.S. and Indian governments are focusing on individuals who may have assets or income outside the country in which they reside. In this evolving environment, it is vital that your tax advisors take a global perspective when planning your taxes, ensuring they understand the tax laws of both countries to provide you with the most informed advice.
WorkMyTaxes offers comprehensive tax filing services for India, so you no longer need to rely on friends or family to complete your tax returns abroad. We will be your one-stop solution for tax advice and filing services. Just like with U.S. taxes, we provide a simplified process for India tax filing: you provide your information through a simple client information sheet, schedule an appointment with one of our tax professionals at a convenient time, we prepare your taxes, and once payment is received you review them and approve it and e-file them. Reach out to us, and we will be happy to answer any questions you may have.
Tax Consultancy
Taxation is a complex subject that requires the expertise of highly skilled professionals. The rules governing income taxes are frequently modified, and keeping track of these changes is essential for effective tax planning, documentation, and case representation. Even minor lapses can lead to significant financial consequences. At WorkMyTaxes, we provide practical solutions to manage your tax affairs in the most tax-efficient manner. Our consultancy services cover a wide range of areas, including income tax planning, fringe benefit tax consultancy, and Indian direct tax consultancy for individuals, firms, and NRIs.
We also have a deep understanding of the tax treaty between the U.S. and India and are well-equipped to answer questions related to double taxation.
Money Repatriation
If you have concerns about repatriating money from India to an overseas account, our team of experienced and qualified tax professionals can assist you. One of the most significant concerns for Non-Resident Indians (NRIs) or Returning Non-Resident Indians (RNRIs) is whether they can transfer funds or assets from India to foreign countries.
Major transactions, such as selling property, inheritance, overseas education, healthcare expenses, and investments, should be reviewed for tax and legal implications, as well as for repatriation considerations. We help you navigate these situations in a way that aligns with your individual goals.
Our services include planning the entire process of repatriation, from the initial stages to the final transfer, whenever the need arises. Whether you wish to send funds abroad or bring funds into India, we provide assistance with tax clearances, RBI clearance, Form 15CA, Form 15CB, and other aspects related to repatriation.
PAN Application
The Permanent Account Number (PAN) is a unique 10-digit alphanumeric identifier issued to each taxpayer by the Income Tax Department under the supervision of the Central Board of Direct Taxes. PAN serves as an identity proof and is mandatory for various financial transactions, such as receiving taxable salary or professional fees, buying or selling assets above certain limits, purchasing mutual funds, and more.
The main purpose of PAN is to create a universal identification system that tracks financial transactions with taxable components to prevent tax evasion. The PAN number remains unaffected by changes in address within India.
If you do not yet have a PAN, we are here to assist you with the application process. Contact us, and we will guide you through every step.
Assessment-Related Services
We also provide services related to tax assessments, including the following:
- Follow-up on refunds
- Responding to income tax queries
- Correction of TDS certificates
(201) 484-7413
(469) 361-7035
(978) 849-2503
9:00 am - 8:00 pm EST
10:00 pm-12:00 am EST
April 18th - Jan 14th
9:00 am -1:00 pm EST