Context Matters in Cross-Border Decisions
Cross-border matters rarely fit a standard checklist. FEMA, tax and reporting requirements can vary depending on the facts and circumstances, which is why clear, context-specific advice matters.
NRI Taxation & Compliance
We assist NRIs and OCIs with Indian tax filings, capital gains, residential-status considerations and eligible DTAA relief, with careful attention to the reporting requirements that apply to their circumstances.
FEMA Advisory
We assist with FEMA requirements for cross-border transactions, foreign investments, asset transfers and changes in residential status, helping you understand the applicable rules, reporting requirements and steps involved.
Repatriation of Funds
We assist NRIs with repatriating eligible funds from India, including NRO to NRE transfers and overseas remittances, by coordinating the applicable tax, banking and documentation requirements.
Cross-Border Transaction Advisory
We advise on inbound/outbound deals, remittances, and export/imports, while ensuring FEMA compliance.
RBI Reporting & Approvals
We assist with applicable RBI reporting, regulatory filings and approval applications for cross-border transactions, including the preparation and submission of the required forms and supporting documentation.
FEMA Representations & Regulatory Matters
We assist with FEMA matters involving past reporting gaps, compliance issues and regulatory proceedings by reviewing the available records, preparing appropriate submissions and representing the matter before the relevant authorities.
NRO/NRE Accounts & Investments
We help NRIs understand the FEMA and tax requirements relevant to NRO/NRE accounts, investments and transactions in India, including the appropriate route and reporting requirements.
Clear Cross-Border Direction
We help you make sense of FEMA requirements and understand how they apply to your particular transaction. Our approach is simple: you should know where you stand, what the rules mean for your situation, and what options are available — so you can make an informed decision about what comes next.
How We Work With You
Understanding Your Residential Status & Obligations
We help identify the FEMA, tax and reporting requirements relevant to your circumstances.
Review & Plan
We review the matter and clarify the requirements and next steps before you proceed.
Filing & Representation
We prepare and submit the required filings and disclosures and, where necessary, assist with queries or represent the matter before the relevant regulatory authorities.
Ongoing Support
Depending on the scope of your engagement, we assist with subsequent reporting, regulatory queries and relevant changes that may affect your cross-border transactions or compliance.
Comprehensive Solutions Tailored to Your Needs
How We Handle Complex Matters
No two cross-border or FEMA matters are exactly alike. We consider each matter on its particular facts and circumstances and provide practical guidance on the requirements and options that may apply.
Each engagement is designed to deliver clarity in compliance, strength in documentation, and confidence in representation. Our commitment lies in guiding clients through statutory responsibilities with structure and assurance.
With deep domain expertise across taxation, FEMA, and audit compliance, Lekshmi N Iyer & Associates supports clients with hands-on guidance, structured processes, and a proactive approach that simplifies decision-making and mitigates regulatory risks.
NRI & FEMA FAQs
Answers to common questions about NRI taxation, FEMA regulations, and cross-border compliance in India.
Do NRIs have to file income tax returns in India?
An NRI may be required to file an Income Tax Return (ITR) in India depending on the nature and amount of income taxable in India and other applicable filing requirements. This may include income from property, investments, capital gains, business activities or interest earned in India. The filing position should be considered based on the individual circumstances for the relevant year.
What is FEMA, and why is it important for NRIs?
FEMA governs foreign exchange and many cross-border transactions involving India. For NRIs and other persons resident outside India, it can affect banking arrangements, investments, property transactions, repatriation and other movement of funds. The requirements depend on the nature of the transaction and the person’s FEMA residential status.
Can I repatriate funds from India to my country of residence?
Yes, subject to the nature and source of the funds and the applicable FEMA, tax and banking requirements. NRE balances are generally repatriable, while eligible NRO balances may be remitted within the applicable limits and conditions. We review the source of funds, tax position and documentation required before advising on the appropriate route.
What is the difference between NRE and NRO accounts?
NRE and NRO accounts serve different purposes under FEMA. NRE accounts generally hold eligible repatriable funds, while NRO accounts are commonly used for income and transactions in India. The tax treatment and repatriation rules also differ, so the appropriate account and route depend on the nature and source of the funds.
