Taxation of Expatriate

An expatriate is a person temporarily residing and employed in another country while still remaining citizen of his home country. This term is broadly used in the context of professionals/technicians sent by their companies to their foreign subsidies/associated enterprises. Working overseas offers an opportunity for growth. However, employers have to ensure that remuneration is competitive and that tax, social security and pension issues associated with relocation are addressed.

Due to huge influx of Foreign Direct Investment in India there has been increase in demand of specialized skills of mobile employees known as ‘expatriate’ in India. Our Expatriate Tax Services help organisations who are seconding or deputing expatriates and the expatriates themselves in complying with the complex tax and regulatory issues surrounding any expatriate assignment in India. Our bouquet of services under Expatriate Taxation include:

  • Advisory Services in preparing Expatriate Documentation
  • Advice on applicability of Double Taxation Avoidance Agreement (DTAA)
  • Advise on compliance with Withholding Tax requirements
  • Assistance in Income Tax Return Filing and disclosure of Foreign Assets and Liability
  • Assistance in obtaining FRRO Registration (Foreign Regional Registration Offices
  • Assistance in VISA documentation
  • Assistance in obtaining Permanent Account Number (PAN)
  • Assistance in opening Bank Account in India
  • Assistance in Completion of Exit Formalities

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Due Date Reminder

Jan Feb Mar Apr May June
July Aug Sep Oct Nov Dec
All
28 Jul 24 Return for June by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
30 Jul 24 Issue of TCS certificate for April-June by All Collectors.
30 Jul 24 Deposit of TDS u/s 194-IA on payment made for purchase of property in June.
30 Jul 24 Deposit of TDS u/s 194-IB @ 5% on total payment of Rent more than 50,000 pm by individual or HUF (not liable to tax audit) during FY 24-25, where lease has terminated in June. (Else TDS is to be deposited on annual basis by 30 April of next year.)
30 Jul 24 Deposit of TDS on certain payments made by individual/HUF u/s 194M for June.
30 Jul 24 Deposit of TDS on Virtual Digital Assets u/s 194S for June.
31 Jul 24 Statement of tax deposited to be furnished by an exchange in relation to transfer of virtual digital asset u/s 194S for April-June.
31 Jul 24 Quarterly TDS Statements for April-June.
31 Jul 24 Statement of foreign income in FY 23-24 & tax deducted or paid on such income to claim foreign tax credit. Applicable where due date of ITR is 31 July.
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