NRI Tax Consultant in Dwarka, Delhi — Trusted by NRIs Across 50+ Countries

CA Alok Kumar (FCA, AICA, LLM from NLU Delhi, AML Specialist) is a leading NRI tax consultant in Dwarka, New Delhi. He is Senior Partner at S.K. Mehta & Co. (Estd. 1970), empaneled with CAG, RBI and IRDA, with 22+ years of experience and 110+ professional team. Primary office at T-3 & 4, Manish Twin Plaza, Plot 3, Sector 4, Dwarka. Services include NRI ITR filing, FEMA, DTAA, NRI property sale TDS, lower TDS certificate u/s 395, Form 145/146 and NRI tax notice reply.

NRI ITR filing is mandatory if Indian-source income exceeds the basic exemption limit (₹2.5 lakh under old regime; ₹3 lakh under new regime), or if the NRI wishes to claim a refund of excess TDS on rent, NRO FD interest, mutual funds or property sale. NRIs cannot file ITR-1 or ITR-4. Most NRIs file ITR-2; those with business or professional income file ITR-3.

Standard due date for AY 2026-27 is 31 July 2026 (often extended to 15 September 2026 by CBDT). Late filing attracts ₹5,000 fee u/s 234F (₹1,000 if income < ₹5L) + interest u/s 234A.

Form 145 is the new remitter's declaration (replacing old Form 15CA) and Form 146 is the new Chartered Accountant certificate (replacing old Form 15CB), both under Section 397(3)(d) of the Income Tax Act 2025 read with Rule 220 of Income Tax Rules 2026. They apply to all foreign remittances on or after 1 April 2026.

Form 146 with mandatory UDIN is required when remittance is taxable and aggregate exceeds ₹5 lakh in the tax year. Banks (Authorised Dealers) will not process the foreign remittance without Form 145 acknowledgement. Penalty for non-filing or inaccurate filing — up to ₹1,00,000.

Yes — 100% online. The CA reviews PAN, residential status under Section 6, Form 26AS, AIS/TIS, NRO/NRE/FCNR bank statements, capital gains records, rental income and TDS details. Documents are exchanged via secure email and WhatsApp. E-verification is done via Aadhaar OTP, net banking, DSC or bank-account validation. Family members in India can also support document coordination at the Dwarka office on your behalf.

The buyer must deduct TDS at applicable LTCG / STCG rates from the entire sale consideration paid to an NRI seller. Without intervention, this often means 12.5% to 20%+ surcharge & cess on the FULL sale amount — far higher than actual tax liability.

To reduce upfront TDS, the NRI may apply for a Lower TDS Deduction Certificate under Section 395 of the IT Act 2025 (earlier Section 197 of IT Act 1961) to the Assessing Officer (International Taxation), supported by capital gains computation, Section 54 / 54EC reinvestment plan, sale agreement and supporting documents. This typically reduces TDS from full rate to actual tax liability — often a 50-80% saving in upfront cash blocked with the government.

DTAA (Double Taxation Avoidance Agreement) lets an NRI avoid being taxed twice on the same income — in India and the country of residence. India has DTAAs with 90+ countries including USA, UK, Canada, UAE, Australia, Singapore and most Gulf countries. Treaty rates on interest, dividends and royalty are typically much lower than domestic withholding (often 10-15% vs 30%).

To claim DTAA benefit, the NRI needs: (a) a Tax Residency Certificate (TRC) from the foreign country, (b) Form 10F filed on the Indian income tax portal, (c) valid PAN, and (d) proper disclosure of treaty article in the Indian ITR. For deductors, all four must be furnished BEFORE income is paid to apply treaty rate.

Yes. Under FEMA and RBI master directions, NRIs may remit up to USD 1 million per financial year from their NRO account, after payment of applicable Indian taxes. The limit is per individual, per FY, across all banks.

Banks require: Form 145 (always), Form 146 (CA cert with UDIN if taxable & aggregate > ₹5L), Form A2 with correct purpose code, source-of-funds proof, sale deed (if property), inheritance papers (if applicable), self-declaration on FEMA compliance and tax-payment evidence. The Dwarka office handles end-to-end documentation and bank coordination with SBI, ICICI, HDFC, Axis, Kotak and all major AD banks.

Yes. The Dwarka, Delhi office regularly handles NRI tax and FEMA matters for clients in USA, UK, Canada, Australia, UAE, Saudi Arabia, Qatar, Oman, Kuwait, Bahrain, Singapore, Germany, Netherlands, New Zealand and 50+ other countries. The full engagement is done through email, WhatsApp and video calls — adjusted to suit US, UK, Gulf or APAC time zones. Family members in India can also visit the Dwarka office on the NRI's behalf for document coordination.

NRE (Non-Resident External): Rupee account for foreign earnings remitted to India. Interest is fully tax-free in India. Both principal & interest fully repatriable abroad.

NRO (Non-Resident Ordinary): Rupee account for Indian-source income — rent, dividend, pension. Interest taxable in India at 30% TDS (DTAA may reduce). Repatriable up to USD 1M/FY after taxes.

FCNR (B): Foreign-currency deposit — USD, GBP, EUR, AUD, CAD, JPY. Protects against rupee depreciation. Interest tax-free in India. Fully repatriable.

Strategic tip: Indian-source income (rent, dividend) MUST go to NRO — depositing it in NRE is a FEMA violation. We restructure account architecture for clients during onboarding.

RNOR (Resident but Not Ordinarily Resident) is a transition status under Section 6(6) of the Income Tax Act available to a returning NRI for up to 3 financial years. The benefit: during RNOR period, foreign income (not derived from business controlled or set up in India) is exempt from Indian tax — exactly like an NRI.

RNOR conditions: (a) Non-Resident in 9 out of 10 preceding FYs, OR (b) in India for less than 729 days during 7 preceding FYs. Proper planning of the return-to-India date can significantly extend the RNOR period and save substantial tax on foreign salary, foreign investment income and foreign retirement benefits. This is one of the most underutilised tax planning levers for returning Indians.

Schedule FA (Foreign Assets) is a mandatory disclosure in ITR-2 / ITR-3 for any "ordinarily resident" Indian taxpayer who holds: (a) foreign bank accounts, (b) foreign shares / securities, (c) foreign immovable property, (d) financial interest in any foreign entity, or (e) signing authority on any foreign account. The disclosure includes country, account number, peak balance, current balance and the period of holding.

Important: NRIs are NOT required to file Schedule FA (they only report Indian-source income). However, RNOR-status returning Indians must file Schedule FA from the year their status converts to "Resident & Ordinarily Resident". Non-disclosure can attract penalty up to ₹10 lakh per year under the Black Money Act, 2015.

Typical document set: (1) PAN, (2) passport & visa pages to confirm NRI status, (3) Form 26AS & AIS / TIS from the income tax portal, (4) NRO/NRE/FCNR bank statements for the full year, (5) interest certificates, (6) broker / mutual fund capital gain statements, (7) rental agreement & rent receipts, (8) sale deed & purchase deed for property transactions, (9) TDS certificates (Form 16A / new Form 131), (10) TRC + Form 10F if claiming DTAA benefit, (11) details of any foreign retirement accounts (PF, 401k, RRSP, SIPP). The exact list is customised after the initial WhatsApp / email scoping.

Engagement is consultative and case-specific. After an initial WhatsApp or email scoping of your situation — country of residence, nature of Indian income, transactions involved, treaty position, deadlines — a clear written scope-of-work is shared covering deliverables, timelines, document checklist and applicable taxes & out-of-pocket expenses (e.g. government fees, valuation, notary).

As per ICAI's Code of Professional Ethics, professional fees are discussed individually with each client based on the complexity of the matter, time involvement and statutory obligations. Public display of fee schedules is not part of professional practice. Kindly WhatsApp or email a brief of your case for a written quote.

Yes — NRIs can invest in Indian mutual funds through NRE or NRO accounts (subject to AMC's NRI acceptance policy & FATCA/CRS declarations). Tax treatment (w.e.f. 23 July 2024):

Equity MF (≥65% in Indian equity): STCG 20% (if held ≤ 12 months); LTCG 12.5% on gains > ₹1.25L/year.
Debt MF: Entire gain taxed at slab rate (no LTCG benefit post-Apr 2023).
Hybrid / International MF: Depends on equity %. AMC deducts TDS on NRI redemption — STCG 20%, LTCG 12.5% (post-rebate). DTAA may apply on capital gains in some treaty cases.

Two paths available: (1) Updated Return (ITR-U) u/s 139(8A) — can be filed within 24 months from end of relevant AY with additional tax of 25% (filed in 1st year) or 50% (filed in 2nd year) on incremental income. Available for most missed disclosures. (2) Voluntary disclosure with rectification — for purely computational errors. Best path depends on quantum, nature of income and whether any notice has been served. We've successfully handled many such cases for NRI clients across USA, UK and Gulf countries.

Dwarka in West Delhi has emerged as a major NRI hub — proximity to Indira Gandhi International Airport (IGI), the dominant location for International Taxation Assessing Officers (Aaykar Bhawan, Laxmi Nagar & nearby income tax offices), and a large resident NRI/OCI population who own property here. The Sector 4 Dwarka office at Manish Twin Plaza is well-connected via Dwarka Metro (Sector 12 / Sector 10 stations), and equally convenient for family members of overseas NRIs.