DescriptionAbout the BookThe book “NRI Regulations – Decoding the Complexity” focusses on Indian legislative requirements applicable to NRIs along with allied issues and relevant proposals of Union Budget 2016.The first part covers foreign exchange regulations in respect of various investment options in India available to NRIs and key features of Foreign Direct Investment Policy. In addition, relevant facilities available for repatriation of money from India and NRIs returning for permanent settlement in India have also been discussed.The second part attempts to decode the complexity relating to taxability of income in India in the hands of NRIs along with applicable compliances and procedures under domestic tax law. The relevant provisions of the tax treaty for mitigation of double taxation of various types of incomes like capital gains, interest income, dividends, etc., have also been covered.The third part focusses on other regulations like Visa, Overseas Citizenship of India, Indian Citizenship and Baggage Rules.Key FeaturesPart A – Foreign Exchange RegulationsForeign Exchange Regulations for NRIs, including FDI Policy, Portfolio Investment Scheme, Bank AccountsInvestment Options in India, including Shares & Securities, Deposits, Immovable Property, etc.Facilities for Repatriation from India and NRIs returning for Permanent Settlement in IndiaPart B – Income Tax RegulationsTaxation of Income in India, including Special Tax Provisions for NRIsRelief from Taxation under the Income Tax law and Tax TreatyIncome Tax Compliances and Procedures, including Tax Deduction on NRI PaymentsPart C – Other RegulationsOverseas Citizen of India and Indian CitizenshipVisa Regulations and Baggage RulesAbout the AuthorsCA Sumit Gupta is a fellow member of the Institute of Chartered Accountants of India and a Commerce graduate from the University of Delhi.He has more than a decade of professional consultancy experience of working with several global and Indian Multinationals (including Fortune 100 companies), NRIs and Expatriates on personal tax and regulatory advisory. He has been advising several C-level executives, High Networth individuals and NRIs on host of legislative matters including foreign exchange regulations concerning investment in India/ repatriation of money abroad, Income-tax implications of various incomes, permanent establishment risk, withholding tax issues, optimization of tax treaty relief, immigration and other allied matters.In addition, Sumit has also successfully represented several Individuals in their litigation and dispute resolution proceedings (assessment, appellate, penalty, etc.) before Income-tax authorities. He is also an active speaker at various Tax seminars and industry conferences on personal tax matters and regularly contributes write-ups/ articles in various tax publications.CA Amit Maheshwari is the Managing Partner and International tax lead of Ashok Maheshwary & Associates, one of the leading firms of Chartered Accountants in India with offices in Gurgaon, New Delhi and Mumbai.Amit’s expertise in cross border tax and regulatory matters, has helped him in successfully advising several Fortune 500, Listed Multinationals, large Indian companies, expatriates and Non-resident Indians on a host of issues like Expatriate assignments, FDI Policy, entry strategy, setting up offices in India, cross border tax structuring, transfer pricing, mergers & acquisitions, inbound and outbound investment structuring, fund structuring, NRI taxation, tax controversy matters and other regulatory matters. To serve the industry, Amit is active in various industry chambers. He is the member of Taxation Committee of FICCI, Special invitee to the CII’s Delhi State council and Co-chair of the Trade and Development Committee of IACC.Amit is an avid author on tax and regulatory issues and a regular speaker at a number of international conferences on India Entry Strategy, International tax and Transfer Pricing and actively contributes his views on International Tax, Transfer Pricing and Exchange Control Regulations to leading domestic and international business dailies and magazines as well as electronic media.
Ca Sumit Gupta Ca Amit Maheshwari
1st Edition 2016