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NRI Financial Advisory
Your India wealth,
actively managed from wherever you are.
Whether you're based in Dubai, London, Toronto or Sydney: your India portfolio, tax position, and property holdings deserve specialist attention. Finaxil delivers end-to-end NRI advisory: capital markets, income tax, DTAA claims, real estate and account structuring. One relationship. No borders.
What we do
Four pillars. One NRI financial strategy.
India's regulatory framework for non-residents is layered: FEMA, IT Act, RBI, SEBI, and your host-country tax authority all intersect. We navigate every layer so you don't have to.
Capital Markets
Stocks via PIS, mutual funds, Portfolio Management Services (PMS), Alternative Investment Funds (AIF), bonds, and NPS, all FEMA-compliant through NRE accounts.
ExploreIncome Tax & DTAA
Residential status determination, India-sourced income, DTAA benefit claims, ITR filing, TDS reclaim, advance tax planning, and capital gains optimisation.
ExploreReal Estate
FEMA-compliant property purchase, rental income structuring, repatriation of sale proceeds, Power of Attorney setup, and stamp duty planning.
ExploreNRI Accounts & Repatriation
NRE, NRO, and FCNR account strategy, optimal fund routing, wire transfer structuring, and unlocking the $1M/year repatriation limit efficiently.
Explore01 / Capital Markets
Invest in India's markets, from any country.
NRIs can participate fully in India's capital markets, but each asset class has its own route and account requirement. We handle account setup, regulatory filings, and ongoing portfolio management.
Via a account linked to your or account. Repatriable gains when invested through NRE-PIS. Same brokerage, same market access.
Most Indian AMCs accept NRI investments directly. Note: US and Canadian NRIs face restrictions at many AMCs due to FATCA/FBAR compliance, we identify which funds are open and structure the investment correctly.
(min. ₹50 lakh) and (min. ₹1 crore), available to NRIs with the right account structure and SEBI-registered manager.
Government securities, corporate bonds, and tax-free infrastructure bonds, accessible via NRE/NRO. Interest on NRE deposits is fully exempt from Indian tax.
NRIs can build India retirement corpus through NPS Tier I (tax-deductible) and Tier II (flexible). Managed via NRE/NRO and linked to Indian PAN. Corpus fully repatriable on exit.
Capital gains tax for NRIs (FY 2024–25 onwards)
Rates as per Finance Act 2024. Surcharge and cess apply. DTAA may reduce effective rates.
02 / Income Tax & DTAA
Your India tax liability doesn't disappear when you leave.
India taxes India-sourced income for NRIs. The good news: if your host country has a with India, you're often shielded from double taxation, but only if you file correctly and claim the benefit.
Determine your residential status
India's tax obligation for an NRI starts with residential status under the IT Act, not passport status. An individual who spends less than 182 days in India in a financial year (with adjustments under the 60-day rule) qualifies as an . Getting this wrong is the single most common and expensive mistake.
Understand what's taxable in India
As an NRI, only income received or accrued in India is taxable here. This includes: rental income from Indian property, capital gains on Indian assets, interest from NRO accounts, dividends from Indian companies, and professional fees for services rendered in India.
Claim your DTAA benefit
India has signed treaties with 96 countries. UAE NRIs: India-UAE treaty covers most income types. US NRIs: the India-US DTAA has specific provisions for dividends, royalties, and pensions. To claim the benefit, you must file a Tax Residency Certificate (TRC) and Form 10F with the Indian payer before TDS is deducted.
File your ITR, even if below threshold
Filing is mandatory if your India income exceeds ₹2.5 lakh. But we recommend filing even if below that, to: reclaim deducted on NRO interest (30%+), establish clean income records for property transactions, and maintain loan eligibility at Indian banks.
TDS, where NRIs overpay
Banks deduct TDS at 30%+ on NRO FD interest (vs 10% for residents). Buyers deduct 20-22.66% TDS on property sale proceeds. Most NRIs leave this on the table. We ensure the right certificates are filed to minimise withholding and reclaim the surplus via ITR.
Advance tax planning
If your India tax liability exceeds ₹10,000, advance tax instalments are mandatory. For NRIs with rental income, capital gains, or business income in India, we build a forward-looking tax calendar aligned to the March 15 deadline, avoiding interest under sections 234B and 234C.
03 / NRI Accounts
Three account types. Very different rules.
Which account you use for which purpose determines your tax exposure and your ability to move money out of India. Most NRIs under-utilise NRE and misuse NRO.
Non-Resident External
Best for: parking overseas earnings in India
- CurrencyIndian Rupee (INR)
- Source of fundsForeign earnings only
- RepatriabilityFully repatriable
- Interest (India tax)Exempt
- Joint holdingWith another NRI only
- Invest viaNRE-PIS for stocks, MFs directly
This is your primary repatriable account. Funds in, funds out: no RBI ceiling, no tax on interest.
Non-Resident Ordinary
Best for: receiving India-sourced income
- CurrencyIndian Rupee (INR)
- Source of fundsIndia income (rent, dividends)
- RepatriabilityUp to $1M/year (RBI cap)
- Interest (India tax)30% TDS + cess
- Joint holdingWith NRI or resident Indian
- Invest viaNRO-PIS for stocks
Rent, dividends, pension, all India income lands here. Interest is taxable; repatriation requires CA certification (Form 15CA/CB).
Foreign Currency Non-Resident
Best for: hedging currency risk
- CurrencyUSD, GBP, EUR, AED, CAD, AUD
- Source of fundsForeign earnings
- RepatriabilityFully repatriable
- Interest (India tax)Exempt
- Tenure1 to 5 years (term deposit only)
- Currency riskNone, held in foreign currency
Eliminates forex risk entirely. Ideal for UAE/US/UK-based NRIs who want Indian bank rates without INR exposure. Interest is tax-free in India.
Repatriating money from India
NRO funds require Form 15CA (self-declaration) and Form 15CB (CA certificate) for transfers above ₹5 lakh. The $1M annual cap applies across all NRO transfers. NRE funds have no cap or forms required. We manage the full 15CA/CB process, most banks make this unnecessarily complex.
04 / Real Estate
Property in India. Know the FEMA lines before you sign.
NRIs can own Indian property: but not all types, and the tax and repatriation rules at exit are complex. We advise before purchase, during ownership, and on exit.
NRIs can purchase
- Residential properties (apartments, villas)
- Commercial properties (offices, retail)
- Under-construction flats (builder projects)
- Properties through inheritance
- As many properties as desired (no RBI limit)
Restricted under FEMA
- Agricultural land
- Plantation property
- Farm houses
- Exception: through inheritance or gift from a resident
Payment routes
Purchase must be funded from NRE/NRO/FCNR accounts or via inward foreign remittance. You cannot pay in travellers' cheques or foreign currency notes.
TDS on sale (for the buyer)
When an NRI sells property, the buyer must deduct 20-22.66% TDS on the full sale value (not just gains). We file the right certificates in advance to reduce this to actual tax liability.
Repatriation of sale proceeds
From NRE-funded purchase: fully repatriable (up to 2 properties). From NRO: capped at $1M/year. We structure the account trail from Day 1 to ensure clean repatriation at exit.
Power of Attorney
Most NRIs buy remotely. A properly drafted, notarised and apostilled PoA allows a trusted person to register and manage the property in India. We draft PoAs that are bank and registrar accepted.
05 / Who this is for
Every NRI market has its own wrinkle.
India's tax treaties, banking rules, and investment restrictions interact differently depending on your host country. We know the key pressure points by region.
UAE & GCC
- No income tax in UAE, but India taxes India-sourced income at source
- India-UAE DTAA covers rental income, dividends, interest, and royalties
- AED-denominated FCNR deposits available, no forex risk
- High remittance volumes → repatriation structuring critical
- Property purchases common: Dubai-India dual ownership planning
USA & Canada
- FATCA and FBAR reporting of Indian financial accounts mandatory
- Most AMCs restrict US/Canadian NRI mutual fund investments
- India-USA DTAA has complex provisions for double taxation
- PFIC (Passive Foreign Investment Company) rules affect MF returns
- Social Security totalization agreement considerations for returnees
UK & Europe
- India-UK DTAA: comprehensive, covers all income types
- UK's ISA does not shelter Indian income; separate planning required
- Inheritance tax considerations for UK-domiciled NRIs with India assets
- Post-Brexit: Indian equity and fund reporting under UK FCA rules
- Remittance basis (for non-doms): interaction with NRO income
Australia & NZ
- India-Australia DTAA: recently updated, beneficial withholding rates
- AUD-denominated FCNR deposits available
- Australian CGT interplay with Indian capital gains on same asset
- Superannuation vs NPS: retirement corpus optimisation
- Rental income from India requires Australian tax return disclosure
06 / How we work
From first call to full compliance, in four steps.
Financial & status review
We map your residential status, all India-linked assets and income streams, existing accounts, and your host-country tax position. This gives us the complete picture before recommending anything.
Strategy & optimisation plan
We design your account structure (NRE/NRO/FCNR mix), investment approach by asset class, DTAA claim strategy, and tax calendar, with an explicit projection of tax saved and repatriation efficiency gained.
Implementation & account setup
We assist with account opening, PIS registration, investment KYC, PoA drafting, and the first ITR / 15CA-CB filing. We coordinate with your Indian bank and the RBI where needed.
Ongoing advisory & annual compliance
Annual ITR filing, advance tax planning, portfolio review, and staying ahead of FEMA/RBI/SEBI regulatory changes. You get a dedicated relationship, not a different CA every year.
Ready to bring your India wealth picture into focus?
One 45-minute call covers your current position, the gaps, and the plan. No obligation.
Quick reference
The NRI financial dictionary.
Every term that matters, one tap to expand.
Regulatory basis
Information is based on the Foreign Exchange Management Act 1999 and FEMA (Transfer or Issue of Security by a Person Resident Outside India) Regulations 2017, the Income Tax Act 1961 as amended by Finance Act 2024, RBI Master Circular on Non-Resident Indian Accounts (July 2024), and SEBI regulations governing NRI investment in Indian securities markets. DTAA provisions cited reflect treaties as ratified; specific articles may vary by country. Tax rates and thresholds are for FY 2024–25. This page is for information only, not investment or legal advice. Consult Finaxil for advice specific to your situation. Last reviewed August 2025.
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