Pravasi Service

Non-Resident Indians are always struggling to keep their Tax related and Bill payments up to date.  Property Tax, Land Tax, Electricity Bills, Water Bills or any kind of remittances and payments. We are offering to help you to do the payments on time without any delay.

Tax Payments

1. Income Tax: NRIs are required to pay income tax on their Indian income, such as rent, interest, and capital gains.
2. TDS (Tax Deducted at Source): NRIs may be subject to TDS on certain types of income, such as interest on bank deposits and rent.
3. Self-Assessment Tax: NRIs may need to pay self-assessment tax if they have not paid sufficient tax through TDS or advance tax payments.

Bill Payments

1. Utility Bills: NRIs can pay utility bills, such as electricity, water, and gas bills, online or through authorized agents.
2. Credit Card Bills: NRIs can pay credit card bills online or through authorized agents.
3. Loan EMIs: NRIs can pay loan EMIs (Equated Monthly Installments) online or through authorized agents.
4. Insurance Premiums: NRIs can pay insurance premiums online or through authorized agents.

Payment Methods

1. Online Banking: NRIs can use online banking to pay bills and taxes.
2. NEFT (National Electronic Funds Transfer): NRIs can use NEFT to transfer funds to pay bills and taxes.
3. RTGS (Real-Time Gross Settlement): NRIs can use RTGS to transfer funds to pay bills and taxes.
4. Credit/Debit Cards: NRIs can use credit/debit cards to pay bills and taxes.
5. Authorized Agents: NRIs can use authorized agents, such as chartered accountants or tax consultants, to pay bills and taxes on their behalf.

Tax Filing

1. ITR (Income Tax Return): NRIs are required to file their ITR if their Indian income exceeds the taxable limit.
2. Tax Audit: NRIs may be required to undergo a tax audit if their Indian income exceeds a certain limit.
3. Tax Consultant: NRIs can hire a tax consultant to help with tax filing and compliance.

Important Deadlines

1. Tax Filing Deadline: The tax filing deadline for NRIs is typically July 31st of each year.
2. Advance Tax Payment Deadline: The advance tax payment deadline for NRIs is typically June 15th, September 15th, and December 15th of each year.
3. TDS Payment Deadline: The TDS payment deadline for NRIs is typically the 7th of each month.

Resources

1. Income Tax Department Website: The official website of the Income Tax Department provides information on tax laws, regulations, and procedures.
2. Tax Consultant: NRIs can hire a tax consultant to help with tax filing and compliance.
3. Chartered Accountant: NRIs can hire a chartered accountant to help with tax filing and compliance.

The property and land belong to the NRI to be properly maintained. They always face a huge expense when they come back to clean and make the property useful. The houses to be cleaned once in a while. The electrical and plumbing accessories to be used at least once in a while. Some properties are rented out and that also need an overall management to make sure the proper usage.  All these matters, it is very difficult to assign to their relatives. Because many of them having physical inability and age factor. If they assign to a third party services, they can get a proper report of all these activities.

Electrical works, Plumbing works, agriculture, landscaping etc.

Remittance of Insurance premium, any follow up with the insurance agent and understand the need of a medical insurance policy, we are here to help you to select the best services for you and parents or any family members. Our Pravasi service ensures you get the best medical insurance plan with seamless processing and maximum benefits.

NRIs may offer need legal support also related to any financial, land and property or any other matters. We are here to help you and shall give assistance with our legal advisors. This guidance helps to resolve legal complexities, secure property rights, and ensure smooth financial transactions. Our Pravasi services offer reliable solutions tailored to the unique needs of expatriates, ensuring that all your legal and financial matters are handled with expertise and care.

Parents are always worried about their children, when they passed plus 2 and seeking higher education. We provide expert educational support and guidance to help students choose the best courses and institutions that align with their goals. Our services also assist NRIs in Kerala with navigating the complexities of higher education, ensuring a smooth transition for both students and parents.

Banks are playing a vital and important role in our day-to-day life. If any NRIs need to visit the bank on their behalf for any queries or any remittance or internal transfers , if you need a help we are here locally for your help. Our team provides seamless support for your banking tasks, ensuring everything is handled with ease and professionalism. From managing your finances to helping with remittances and transfers, we ensure that all your banking needs are met efficiently. With our expert assistance, you can navigate any banking requirements smoothly, no matter where you are.

We are also collaborated with leading tour operators with reasonable rates. Travelling is a passion and very common among NRIs. They always trying to enjoy their holidays with family. Tours within Kerala, India Tours and beautiful places around the world.

Types of Tours

1. Customized Tours: Many tour operators offer customized tours tailored to NRIs’ interests, budget, and time constraints.
2. Group Tours: Joining a group tour can be a great way for NRIs to meet fellow travelers and explore India.
3. Family Tours: Specialized family tours cater to NRIs traveling with their families, offering kid-friendly activities and accommodations.
4. Adventure Tours: For the adventurous NRI, tour operators offer trekking, hiking, and wildlife safari experiences.
5. Pilgrimage Tours: Many NRIs visit India to explore their spiritual heritage, and tour operators offer specialized pilgrimage tours.

Regular updates on the changes in the Government rules, GST and financial and business matters from experienced people from this field.

Tax Updates

– NRIs are required to update their residential status with the tax authority to avoid disruption in mutual fund transactions.
– PAN-Aadhaar linking is not mandatory for NRIs, but they must update their status with the income tax department if they have invested in mutual funds before becoming an NRI.

Investment Updates

– Groww NRI, a popular investment platform for NRIs, has paused its services due to changes in KYC compliance and regulatory issues.
– NRIs can continue to invest in mutual funds through other platforms, such as MF Central, MFU Online, or the official websites of asset management companies .

Regulatory Updates

– The Securities and Exchange Board of India (SEBI) has introduced new KYC norms, effective from April 1, 2024, which require NRIs to validate their KYC records using Aadhaar.
– NRIs must comply with the new KYC norms to avoid any disruption in their investment services.

Other Updates

– NRIs can access their investment statements and track their portfolios through platforms like CAMS, MF Central, or MFU Online.
– It’s essential for NRIs to stay updated on the latest regulatory changes and tax laws to ensure compliance and avoid any penalties.

Together we can plan for Business and future investments. The money you earn to re invested for further earning and also to manage the annual inflation rate. Most of the NRIs are not serious about saving the money and investing the money for future growth.

Non-Resident Indians (NRIs) can play a significant role in contributing to India’s economic growth through business and investments. Here are some key aspects to consider:

Investment Opportunities for NRIs

1. Stock Market: NRIs can invest in the Indian stock market through various routes, such as the Portfolio Investment Scheme (PIS) or through a demat account.
2. Real Estate: NRIs can invest in Indian real estate, including residential and commercial properties.
3. Mutual Funds: NRIs can invest in Indian mutual funds, which offer a range of investment options.
4. Bonds and Debentures: NRIs can invest in Indian bonds and debentures, which offer a fixed income stream.
5. Startups: NRIs can invest in Indian startups, which offer high growth potential.

Asset management refers to the systematic and coordinated process of managing an organization’s physical and intangible assets to maximize their value and performance. It involves planning, acquiring, operating, maintaining, and disposing of assets in a way that aligns with the organization’s strategic objectives.

Asset management encompasses various types of assets, including:

1. Physical assets: buildings, equipment, vehicles, and infrastructure.
2. Intangible assets: intellectual property, software, data, and digital assets.
3. Financial assets: investments, cash, and securities.