Results

Wework with you on a personal level to determine the best solutions for your unique needs, then leverage our seasoned expertise to achieve the best possible results.

Relationships

We are your trustedpartnerin success. Our firm is large enough to offer a full range of professional services at a fair price, but small enough to give you the individual attention that you deserve.

Relief

Rest assured that when a need arises, our firm is ready and capable to handle everything for youso you can focus on what matters most to you.

Founder Information

Mr. M R Narasimhamurthy

B.Com, LLB, ACS,IP, FCA, CPA

Certified Public Accountant (CPA) licensed to practise from the State of Washington, and New Jersey, United States of America. Mr. M.R. Narasimhamurthy advises clients for cross border investments and specially for the start ups. With his unparalleled domain knowledge in both the jurisdictions i.e. USA and India he offers excellent solutions to peculiar and tricky cross border investment and taxation issues. His areas of strength are double taxation avoidance treaty and other international transactional issues between these two countries.

Prior to moving to USA he practiced as a Chartered Accountant full time and continues to practice in both the jurisdictions. Qualified in 1992, he is in practice since the year of qualification. He specializes in Income tax, representation with various Income tax authorities. He has expertise in representation of Search cases. He has provided expert opinions on various queries of the clients. He also specializes in drafting of various legal documents, in particular for real estate clients. He has been involved in drafting various legal documents and consultancy including Cross border investment programmes and book keeping. He specialsed in NRI taxation in India.

Why Choose Us.

Presence in both the Countries: We have Tax practice and presence in both the countries and Mr. M R Narasimhamurthy heads both the countries, this gives edge over others as he has the knowledge and expertise in both the Jurisdictions.

Big Firm Capabilities – Small Firm Attention. You can expect proactive involvement by our team, from staff to partners. We realize choosing the right professional adviser is critical to reaching your goals. We are large enough to serve your needs while you grow and small enough to make sure you are important to us. Communication with No Surprises.

We are dedicated to providing our clients with personal attention and a proactive approach to avoid surprises throughout our engagement.

NRI Services

Mr. M R Narasimhamurthy is at the forefront of providing service to NRIs. Right from the beginning of his practice in India; year 1992 he has been providing this service to NRIs. Mr. M R Narasimhamurthy CPA, continuing the same streak of providing the service to Non-Resident Indian (NRI) Services with the backing of this service for last three decades. We have come to realize among other things the following are the important, services needed by the NRIs.

• Sale of Property in India requires clearance from Income Tax for lower withholding tax, which is otherwise higher and computed on the entire sale consideration.
• Form 15CA/15CB Assistance for Repatriation of Funds from India
• Income Tax and withholding tax filings.
• Setting up ventures in India (Corporate Filing and Incorporation of Company or Branch in India)
• Assistance in Income Tax Scrutiny Notices
• Advisory Services on FEMA
• Advisory Services on US Tax
• Taxation and Consultancy on Inheritance and Estate Planning
• GST Registration, Filing and Advisory services
• DTAA Consultancy Services

Sale of Property.

• As per the regulation of the Indian Income Tax, payment to a Non-resident (NRI), be it sale consideration towards the sale of property, Rent, Interest, Professional fees, commission, royalty, etc., is subject to withholding tax.
• In order to reduce the withholding tax burden, the seller of the property can apply to the department to issue a certificate for deduction of lower rates or no deduction of tax.
• We at MRNM have gained vast exposure in dealing with NRI taxation, withholding at Lower rate services. Those who want more information or services may kindly write to
  team@mrnmcpa.com

Repatriation of Funds in India

Remittance of income like rent, dividend, pension, interest, sale proceeds on sale of the property, etc. of NRIs/Person of India Origin is allowed subject to certain regulation and certifications.

We will assist you and guide on the amount that can be repatriated and the assist you in the entire process.

We have domain expertise in relation to repatriation of funds by NRIs. We have been dealing with NRIs over the years. We undertake services such as consultancy, certification. You can write to us at
team@mrnmcpa.com
for more information.

US TAXES FOR NRI’S

US tax laws are based on residency as well as citizenship. That is, the US taxes both its residents and citizens on their global incomeirrespective of where they live. A “US person” includes the following:

• US citizen
• Green Card holder
• Person meeting Substantial Presence Test (physical presence in US)

Taxability in the US:

1. US persons (as defined above) are required to file a US federal tax return with IRS irrespective of where they live, if their income (earned in US and outside US exceeds prescribed thresholds)
2. In addition they may also be liable to State and / or Local taxes
3. US Tax filings are based on calendar year
4. US persons are liable to pay tax and file tax returns onglobal income.
5. US persons may also be subject to the following:
6. Gift Tax:
7. Estate tax:

For efficient tax planning, a person shall have a thorough knowledge and understanding of the above provisions. Being a team of Chartered Accountants/ Certified Public Accountants, we can provide you with reliable CA/CPA services for NRI along with professional consultancy/assistance to complete your tax-related process in an efficient and legitimate way.

You can contact us by writing your questions to us at email id team@mrnmcpa.com. We will try to revert you at the earliest with the answers. We aim to make the whole process of Income tax filing in India as simple and as quick as possible.