Returning NRIs Planning Package
Even after returning to
Although, technically "Residents" , how-so-ever FEMA treats returnee NRIs almost at par with NRIs as regards their foreign currency accounts in
We, at femaonline.com offer a composite planning package for returning NRIs.
Under the package, we provide the applicability of various provisions under Foreign Exchange Management Act, 1999 , Income Tax Act, 1961, Wealth Tax 1957 and basic applicability of provisions of Double Tax Treaty, in greater details which would cover provisions relating to :
1. Residential Status :
.01Residential status under Income Tax Act, 1961.
.02 Residential status under Foreign Exchange Management Act, 1999
.03 Basics of residential status under Double Tax Treaties.
2. Bank accounts in
.01 Continuation or otherwise of Non-Resident External (NRE) accounts in
.02 Continuation or otherwise of Foreign Currency Non Resident (FCNR) deposits in
.03 Provisions relating to Resident Foreign Currency (RFC) accounts in
.04 Status of NRO account in
3.Tax liability in
01. Income-tax on interest income from NRE accounts.
.02 Income-tax on interest income from FCNR deposits.
.03 Income-tax on interest income from RFC account.
.04 Taxability of other income like interest, pension, rent etc. in
.05 Taxability of global income like interest , rent , pensions , dividends and capital gains.
.01 Continuation of holding of immovable properties outside
.02 Continuation of movable assets like bank accounts, shares and securities, etc. outside
5. Tax liability of Income from Assets outside
.01 Taxation of overseas income, remitted to
.02 Tax liability as regards overseas income vis-a-vis benefits under the dual tax-treaty, if applicable.
Said topics are explained in details and are supported by copy of relevant Section or Regulation of the Act.
The package is priced at Rs. 5500/- which includes email intimation followed by hard copy & a copy of NRI booklet.
For updation on the subject, you can subscribe to femaonline.com (in all probability, the only website displaying edited and updated version of the law of Foreign Exchange Management Act, 1999 and regulations there under) at concessional annual subscription of Rs. 2000/-. (Total Rs .7500/-).
Tel. No. : 0091 281 245 3367 (four lines)