Check that your Indian accounts and property are held correctly
A review of your Indian accounts and property against the rules for NRIs, with a written list of what to fix.
When you become a non-resident, India's foreign exchange law (FEMA) changes what accounts you may hold and how. The most common problem is a resident savings account that was never converted to an NRO account after moving abroad.
These problems usually surface at a bad time, such as a property sale or when you try to move money out. A check-up finds them first.
What this covers
- Resident savings accounts and fixed deposits that should be NRO.
- PPF, demat, and mutual fund accounts still marked as resident.
- Property you own or have inherited, and what an NRI may and may not buy. NRIs generally cannot buy agricultural land, plantation property, or a farmhouse.
- Loans and gifts between you and family in India.
- A written list of what to fix, in order, and the form or bank request each fix needs.
How it works
Email us what you need and a rough picture of your income and accounts. We reply with a quote and a list of documents. Nothing is filed until you have reviewed and approved it.
Use the free FBAR calculator for the US side →
Common questions
We do it with an Indian chartered accountant. We quote the fee before any work starts.