Step 1: Residential Status Determination (1-2 Days) Analyze your physical presence in India, employment location, and residential pattern to accurately determine tax residential status (Resident/NRI/RNOR) for the financial year.

Step 2: Income Source Identification (2-3 Days) Identify all Indian income sources—rental properties, capital gains from asset sales, interest from NRO/NRE accounts, dividend income, and any business/professional income in India.

Step 3: Document Collection (3-5 Days) Gather Form 26AS, TDS certificates, rental agreements and receipts, property sale documents, bank interest certificates (NRE/NRO accounts), and overseas employment/residence proof.

Step 4: Tax Computation (2-3 Days) Calculate taxable Indian income, apply applicable deductions (standard deduction, 80C if eligible), determine tax liability considering slab rates, and compare with TDS already deducted.

Step 5: DTAA Analysis (2-3 Days) If you paid tax abroad on same income, analyze tax treaty provisions, determine eligible tax credit or exemption, and prepare Form 67 for foreign tax credit claim.

Step 6: ITR Preparation (3-5 Days) Prepare appropriate ITR form (usually ITR-2), accurately report all Indian income, claim deductions and foreign tax credit, and ensure disclosures meet NRI requirements.

Step 7: ITR Filing & Verification (1-2 Days) E-file return on income tax portal, pay any balance tax due, and complete verification through Aadhaar OTP, net banking, or sending signed ITR-V to CPC Bangalore.

Step 8: FEMA Compliance Review (Ongoing) Review property transactions for FEMA compliance, verify correct bank account usage (NRE/NRO/FCNR), check repatriation eligibility and limits, and ensure RBI reporting compliance.

Step 9: Repatriation Assistance (As Required) Prepare CA certificates for property sale proceeds repatriation, complete Form 15CA/15CB for fund remittances, coordinate with banks for fund transfer, and maintain documentation for audit trail.

Step 10: Ongoing Advisory (Annual) Advise on tax-efficient structuring of Indian investments, property purchase/sale timing and documentation, and changes in NRI taxation or FEMA regulations affecting you.

Total Timeline: ITR filing 2-3 weeks; FEMA compliance varies by transaction