Expert Guidance for NRI'S
Simplifying Your India Connections
Managing your finances and legal matters in India while living abroad can be challenging. At Second Advice, we provide clear and dependable support for Non-Resident Indians (NRIs).
From tax filing and investment guidance to property and fund management, we help you handle everything smoothly and in full compliance with Indian regulations.
We Serve
Other regions who need support with their Indian finances, property, or taxes.
What we offer
NRI Tax Planning & Filing
Property Sale & Repatriation Support
Investment Guidance (Mutual Funds, Shares, Real Estate)
FEMA & RBI Compliance
Inheritance & Estate Planning
Cross-Border Financial Consulting
Common Challenges NRIs Face
We understand how hard it can be to
Track tax rules from abroad
Handle Indian property paperwork
Transfer money legally to your country of residence
Coordinate with accountants or relatives in India
Clear, Practical answers for Non-Resident Indians: investments, taxation compliance and more.
How can we help you?
Browse popular questions below. Need more help? Reach our Support team and we'll get back within 24 hours.
- NRE: Repatriable INR account funded with foreign income; principal + interest fully tax-free and freely repatriable.
- NRO: For income earned in India (rent, dividends, pension); interest is taxable at 30% TDS. Repatriation up to USD 1 million/year with documentation.
- Tax depends on asset type and holding period. Equity LTCG above ₹1.25 lakh is taxed at 12.5%. STCG on equity is 20%. Debt/property LTCG at 12.5% without indexation. DTAA reliefs and surcharge/cess may apply. We help plan asset location and DTAA paperwork to reduce leakage.
- PAN is required for most financial transactions. FEMA classification drives what you can invest in.
- ITR filing is mandatory if Indian income exceeds the basic exemption limit or to claim TDS refunds. Non-compliance can trigger notices under the new Income Tax Bill 2025.
- Buyer deducts TDS at 12.5% for LTCG (property held 24+ months) or 30% for STCG — plus surcharge and cess.
- NRIs can apply for a Lower TDS Certificate under Section 197 if actual tax liability is less than TDS rate. This avoids blocking funds unnecessarily.
- Yes, subject to eligible limits, applicable taxes (including TDS on sale), and documentation. We coordinate CA certificates (Form 15CB) and Form 15CA filing to enable smooth remittance through NRO → overseas accounts.
- Repatriation limit: USD 1 million per financial year from NRO account.
- Use DTAA (Double Taxation Avoidance Agreement) relief — either exemption or foreign tax credit method.
- Required documents: Tax Residency Certificate (TRC) from your country + Form 10F filed on income tax portal. Submit to your Indian bank or payer before TDS deduction to avail reduced rates (e.g., 15% instead of 30% on NRO interest for USA/UK residents).
- Yes. Equity mutual fund LTCG (held 12+ months) above ₹1.25 lakh: 12.5% tax. STCG: 20%.
- Debt mutual fund gains: taxed as per income slab (no indexation from April 2023).
- TDS is deducted at source on mutual fund redemptions for NRIs. DTAA benefits may reduce effective tax rate.
- FEMA (Foreign Exchange Management Act) governs NRI investments, property ownership, and fund repatriation.
- Key requirements: Maintain NRE/NRO accounts properly, report foreign assets, comply with repatriation limits, and ensure property purchase/sale follows FEMA rules.
- Non-compliance can lead to penalties up to 3x the amount involved. Annual filings like FCGPR, ODI are required for business investments.
- Yes, if Indian income (from rent, interest, capital gains, salary, etc.) exceeds the basic exemption limit (₹2.5 lakh for most NRIs under old regime).
- Filing is also required to: claim TDS refunds, carry forward losses, or where specific income types are earned regardless of amount.
- Filing as NRI uses ITR-2 or ITR-3 depending on income sources.
- Gifts received from specified relatives (parents, spouse, siblings) are fully tax-exempt in India.
- Gifts from non-relatives exceeding ₹50,000 in a financial year are taxable as income.
- NRIs inheriting property or receiving it as a gift may have tax implications in their country of residence — plan accordingly with a tax advisor familiar with both jurisdictions.
- The Income Tax Bill 2025 (Clause 422) compresses timelines for tax recovery actions. NRIs can face asset attachment (bank accounts, FDs, property) within weeks of a tax demand becoming enforceable.
- Action required: Regularly check Form 26AS and AIS for outstanding demands. Resolve even minor demands promptly. Maintain updated DTAA documentation to prevent mismatches that trigger automated recovery.