Setting Up Business In India
Oldest Indian Tax Advisors for You
Our Team Handles Income Tax, Goods & Services Tax, Corporate Law, RBI & FEMA Matters.
Our Firm Sunil K. Khanna & Co. was founded in 2nd February, 1976 by our founder Late CA. Sunil Kumar Khanna. He founded the firm with a vision to build an institution of learning for the team members associated with the firm and to render a one stop solution to his clients. We are one of the leading Chartered Accountant Firms In India offering services in the field of Income Tax, Goods & Services Tax, Corporate Law, Regulatory Compliance and Audit & Assurance. The immense experience of the firm helps in rendering a wide variety of services to Indian and Multi National companies.
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What We Do
Non-resident Indians (NRIs) can save on taxes in India by investing in certain tax-saving schemes. Here are some popular tax-saving schemes in India for NRIs:
National Pension System (NPS): NRIs can invest in the NPS and claim a deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. However, they need to have an NPS account opened through an authorized bank or financial institution in India.
Equity-Linked Savings Scheme (ELSS): NRIs can also invest in ELSS funds and claim a deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act. However, they need to invest in funds that are compliant with the Foreign Exchange Management Act (FEMA) regulations.
Public Provident Fund (PPF): NRIs can continue to hold their existing PPF accounts until maturity, but they cannot extend the account further. However, they cannot open a new PPF account once they become NRI.
Fixed Deposit (FD): NRIs can invest in fixed deposits in Indian banks and claim a deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act.
Unit-Linked Insurance Plans (ULIPs): NRIs can invest in ULIPs offered by Indian insurance companies and claim a deduction of up to Rs. 1.5 lakh under Section 80C of the Income Tax Act.
Under the Insurance Plan Indian Insurance companies now offer a wide variety of guaranteed return plans which offer capital investment guarantee and better returns than the fixed deposits. Moreover upon maturity the proceeds are tax free.
It is important to note that the tax-saving benefits available to NRIs may vary based on their residential status and the tax laws applicable in their country of residence. It is recommended that NRIs consult us or their financial advisor before investing in any tax-saving scheme in India.
Saved By Legitimate Tax Planning For Our Clients
Sometimes you may find yourself in difficult situations and not be able to defuse
the situation without going to court.
Recovered from Tax Authorties as Tax Refunds For Our Clients
Sometimes you may find yourself in difficult situations and not be able
to defuse the situation without going to court.
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Sumeet’s accountancy support is first class. He went out of his way to provide excellent support and advice. If you are looking for a trustworthy and reliable accountancy service in Delhi, Sumeet and his team will look after you.
Sumeet was recommended to us by a friend when we purchased property in New Delhi and needed a local professional to handle our accounting needs. His professional expertise has been invaluable in dealing with the Indian tax laws.