SaveTaxs
Priya Mehta was paying taxes in India and the US separately for three years. Nobody told her the two filings could work together to save money. She estimates she overpaid by around $8,000 before switching to Savetaxs.
“I had an accountant in Chicago for my US taxes and a CA in Mumbai for my Indian ones,” Mehta says. “Neither one knew what the other was doing. Turns out that’s expensive.”
Stories like Mehta’s are common. Most NRIs end up with separate tax preparers in each country, missing out on treaty benefits that could cut their bills significantly. SaveTaxs decided to fix this by handling both sides.
The Jaipur company now works with US-based CPAs who actually understand Indian tax law, too. Since they started doing American returns in 2023, they’ve handled over 500 cases. More importantly, they’re finding savings that single-country preparers typically miss.
The US-India tax treaty is supposed to prevent double taxation, but most people don’t get the full benefit. Income that’s already taxed in India can reduce what you owe the IRS. Sounds simple, but the paperwork gets complicated quickly.
“Half our new US clients have been filing wrong for years,” admits Shubham Jain, who co-founded Savetaxs. “Not because they meant to, but because their previous accountant didn’t know the Indian side.”
Business owners face even bigger headaches. If you own rental property in India but live in California, figuring out depreciation rules and capital gains treatment across both countries can make your head spin.
SaveTaxs handles federal and state filings, plus all the foreign reporting requirements like FBAR and FATCA. On the Indian side, they cover everything from basic salary cases to complex property sales.
“The residential status thing alone trips up most people,” says Ankit Mangal, the other co-founder. “Spend too many days in India and suddenly your entire US tax situation changes.”
The real advantage isn’t just better filing – it’s knowing what to do before you do it. Should you sell that Mumbai apartment this year or next? Does it matter which month you transfer money back to the US? These decisions have tax consequences that most people discover too late.
SaveTaxs now offers year-round advice instead of just seasonal tax prep. They’ll tell you when timing matters and when it doesn’t. Sometimes the answer surprises people.
For NRIs who’ve been juggling multiple accountants and still worrying about whether they’re doing everything right, having one team that understands both countries eliminates a lot of stress. And often saves money too.
About SaveTaxs: Founded in 2020, SaveTaxs is a Jaipur-based tax and financial services company serving NRIs, OCIs, and foreign nationals with Indian income. The firm has processed over 2.5 lakh applications across 30+ countries, specializing in tax filing, DTAA benefits, repatriation services, and NRI banking solutions.