A founder-led practice for Singapore-resident owners of Bengaluru property.
DTAA Article 6 treaty relief. Section 195/197 TDS. Form 27Q quarterly. FEMA Form 15CA/15CB repatriation. e-Khata BBMP transition. Year-1 customer relationships are personally handled by founder Abhishek Sreenivasan. WhatsApp first; the email address gets answered, but slowly.
What changes when you live in Singapore.
Singapore's territorial tax system means Indian rental income kept in NRO is fully outside SG tax — but only if not 'received' in Singapore (clean separation matters). EP-holder vs PR vs citizen tax status interplay. CPF-balance vs Indian-rental as part of long-term retirement portfolio thinking.
Compliance notes specific to Singapore
- **Territorial system**: Singapore taxes only income received in Singapore. Indian rental income retained in NRO/NRE is fully tax-free in Singapore. Caution: rent paid into a Singapore-domiciled bank account = 'received', and triggers IRAS reporting.
- **EP/PR/Citizen**: Tax residency classification depends on physical-presence days (≥183/year for resident rate). Most Indian-passport-holding EP holders are tax-resident in SG; Indian-rental remains foreign-source.
- **Estate planning**: Singapore has no estate duty since 2008, but Indian property is still subject to Indian succession law. Ameya can coordinate with Indian estate-planning specialist for cross-border Will execution.
- **FX**: SGD/INR is among the most stable corridor pairs. DBS/UOB NRI desks offer clean repatriation flows.
Service ladder — transparent, structured.
| Tier | Scope | Pricing |
|---|---|---|
| Compliance Only | Section 195/197 TDS, Form 27Q quarterly, e-Khata BBMP transition, society reconciliation | ₹40,000 / property / year |
| Property Concierge | Tenant placement, rent collection, vendor management, repairs, dispute mediation, monthly statement | 8% of monthly rent |
| Wealth Portfolio | Multi-property absentee management, Friday NRI Briefing, repatriation coordination, banker liaison | 0.5–0.8% AUM / year |
| Sale Events | End-to-end sale: curation, marketing, KYC, documentation, registration, repatriation | ₹2–3L per sale |
Banker liaison, both sides.
Singapore side: DBS Treasures · UOB Privilege · OCBC Premier · Standard Chartered Priority.
India side: HDFC Singapore Rep Office · ICICI Bank Singapore · Kotak Mahindra Singapore Rep.
For repatriation, we route through banker desks that offer clean Form 15CA/15CB documentation and forward-contract-friendly INR conversion. The choice of corridor matters more than most owners realise — the wrong desk can cost 0.6–1.2% in spread on every repatriation.
Singapore-resident NRI owner FAQ.
What TDS rate actually applies to my Bengaluru rental income from Singapore?
Default Section 195 TDS is 31.2% (30% + 4% cess). Under the India–Singapore DTAA (Article 6), the treaty rate of 15% (DTAA reduces from 31.2% Section 195 default) can be claimed via Form 10F + Indian TRC stack. We file Section 197 Form 13 with the Assessing Officer to apply the treaty rate at source, typically reducing actual TDS to 5–15% based on net taxable rental.
How do I report Indian rental income on my Singapore return?
IRAS no separate filing — foreign-source income exempt for individuals not received in Singapore. MAS reporting for funds remitted to Singapore from Indian sources via banks (handled at bank level, not individual)
We provide year-end statements in the format your accountant or tax software needs — for Singapore, that means IRAS no separate filing — foreign-source income exempt for individuals not received in Singapore.
What is the time-zone overlap for a private call?
Cal.com auto-converts to SGT (UTC+8, 2.5h ahead of IST). Founder availability 18:00–22:00 IST = 20:30–00:30 SGT.
Where does this work best for Singapore-resident NRI clients today?
Most active engagements: Singapore (Orchard, Sentosa, Bukit Timah, River Valley). Ameya is location-agnostic on the Singapore side — what matters is that you own (or are about to acquire) Bengaluru property.
Begin a conversation.
Three channels. WhatsApp is fastest. Voice notes welcome.