Introducing NRI Services – Simplifying Taxation with Lower Tax Deduction Certificates (Section 195)!

At Finzkart Private Limited, we take pride in providing comprehensive financial solutions to Non-Resident Indians (NRIs), ensuring that their financial matters are handled with expertise and efficiency. As part of our NRI Services, we assist in obtaining Lower Tax Deduction Certificates under Section 195 of the Income Tax Act, 1961, to minimize tax deduction at source on NRI income.

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Understanding Section 195

Section 195 of the Income Tax Act mandates that any person making a payment to an NRI is required to deduct tax at source before making the payment. The tax is deducted at the applicable rate, which may be higher than the actual tax liability of the NRI. This can lead to unnecessary tax burdens and complexities for NRIs.

Obtaining Lower Tax Deduction Certificate

To alleviate the burden of higher tax deduction at source, NRIs can apply for a Lower Tax Deduction Certificate under Section 195. This certificate is issued by the Indian Income Tax Authorities and authorizes the payer to deduct tax at a lower rate or at the exact tax liability of the NRI, considering their specific income and applicable tax treaties, if any.

Our NRI Services – Simplifying the Process

  • Eligibility Assessment:

    Our team of experts assesses your eligibility for obtaining a Lower Tax Deduction Certificate under Section 195 based on your income sources and the tax treaties applicable to your country of residence.

  • Application Preparation:

    We compile all the necessary documents and prepare a comprehensive application on your behalf, ensuring compliance with all regulatory requirements.

  • Liaison with Authorities:

    We handle the communication and representation with the Indian Income Tax Authorities, streamlining the process and expediting the issuance of the certificate.

  • Tax Planning and Advisory:

    Our financial experts provide personalized tax planning advice to optimize your tax liability and maximize your post-tax income.

  • Timely Compliance:

    We ensure that all tax deductions and filings are done within the stipulated timelines, avoiding any penalties or legal complications.

Benefits of Lower Tax Deduction Certificate

  • Reduced Tax Deduction:

    With a Lower Tax Deduction Certificate, you will only be subject to tax deduction at a reduced rate or the exact tax liability, ensuring that you retain a greater portion of your income.

  • Efficient Cash Flow:

    Lower tax deductions mean improved cash flow, allowing you to manage your finances more effectively.

  • Compliance Convenience:

    The certificate provides legal clarity, making it easier to comply with tax regulations and meet your tax obligations.

At Finzkart Private Limited, our NRI Services aim to simplify taxation for NRIs, optimizing their financial outcomes and ensuring a seamless experience. Let us assist you in obtaining a Lower Tax Deduction Certificate under Section 195, and unlock the full potential of your NRI income.

Contact us today to explore our NRI Services and discover how we can enhance your financial journey as a Non-Resident Indian.