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Biz HNI OR NRI Services
The Tax Rates in India is high, especially for High Net Worth individuals (HNIs)/ Non-Resident India (NRI). There are various taxes viz Income Tax, TDS, Professional Tax etc applicable on HNI/ NIR’s. They face very specific challenges related to the Residential Status, investment activities, estate planning etc. There is constant need to examine the tax impact on all the activities and tax compliances to be undertaken by them.
They face challenges in maintaining accounts and supporting documents, Liaising with banks, brokers, mutual funds, portfolio managers, etc. for obtaining transaction statements, Accurately computing and paying income tax in India, obtaining comprehensive understanding of the complex web of income tax provisions, Keeping abreast with the changing income tax law in India, Communicating with Indian tax authorities and Regularly follow up on pending tax refunds.
Biz HNI OR NRI Services
Tax Planning and Compliance
HNIs/NRI have complex tax situations due to multiple income sources, investments, and assets. We are here to help them with tax planning to minimize tax liabilities while ensuring compliance with relevant laws and regulations.
Investment Advisory
We provide investment advisory services to HNIs, helping them make informed decisions about where to allocate their wealth. This may include analyzing investment opportunities, assessing risks, and optimizing investment portfolios.
Estate Planning
HNIs often need assistance in structuring their estates to minimize estate taxes and ensure smooth wealth transfer to future generations. We help in drafting wills, setting up trusts, and implementing other estate planning strategies.
Asset Protection
At Garvansh we assist HNIs in protecting their assets from various risks such as lawsuits, creditors, and divorce settlements. This may involve structuring ownership of assets, establishing legal entities, and implementing asset protection strategies.
Business Advisory Services
Many HNIs are business owners or entrepreneurs who require advisory services related to business operations, expansion strategies, mergers and acquisitions, and other business-related matters. We offer valuable insights and expertise in these areas.
Family Office Services
HNIs have family offices to centralize and manage their wealth, investments, and other financial affairs. We at Garvansh can play a key role in providing accounting, tax, and advisory services to family offices, ensuring efficient wealth management and succession planning.
