KEY FEATUREΓ* Typical Tax Issues for Expatriates and Employers, incorporating relevant proposals of Finance (No.2) Bill, 2014Γ* Income Tax Compliances, Important Case LawsΓ* International Workers and Social Security AgreementsΓ* Exchange Control RegulationsΓ* Employment Visa/Business Visa GuidelinesΓ* Taxation of Outbound EmployeesCONTENTForeword Preface About the Author Acknowledgement Detailed Contents Glossary Table of Cases PART ATaxation of Inbound ExpatriatesChapter 1 OverviewChapter 2 Determination of Residential Status Chapter 3 Incidence of Tax in India for Expatriates – Key Aspects Chapter 4 Typical Tax Issues for Employers Chapter 5 Tax Implications of Cross Border Employee Stock OptionsChapter 6 Specific Income Scenarios Chapter 7 Social Security/Provident Fund Regime in India Chapter 8 Wealth Tax Chapter 9 Foreign Exchange Regulations Chapter 10 Visa and Immigration Chapter 11 Compliances and Procedures Chapter 12 Conclusion PART BTaxation of Outbound AssigneesChapter 1 Overview Chapter 2 Determination of Residential Status Chapter 3 Taxability of Salary Income APPENDICESAppendix I Commentary on Article 4 of OECD Model Tax Convention 2010 Appendix II Commentary on Article 15 of OECD Model Tax Convention 2010 Appendix III India-USA Treaty Appendix IV FAQ on International WorkersABOUT THE AUTHORSAmit MaheshwariManaging PartnerAmit Maheshwari is the Managing Partner of Ashok Maheshwary & Associates, one ‘ of the leading chartered accountancy firms in India with offices in Gurgaon, New Delhi and Mumbai. He leads the International tax practice of Ashok Maheshwary & Associates and has handled many Fortune 500, Fortune 1000, Listed Multinationals and large Indian companies. Amit received his Bachelor degree in Commerce with Honors from the Delhi University and is currently a fellow member of the Institute of Chartered Accountants of India. He has been instrumental in building the International tax practice of Ashok Maheshwary & Associates. Arnit’s in depth knowledge in International Tax matters, Foreign Exchange regulations and Transfer pricing has allowed him to successfully advise multinational companies on a host of issues like FDI Policy, entry strategy, setting up offices in India, cross border tax structuring, transfer pricing, mergers & acquisitions, inbound investnlent structuring, tax controversy matters and other regulatory matters. His firm is an affiliate member of Leading Edge Alliance, an alliance of independent accounting firms currently ranked No.9 in the world. The firm is also an alliance partner of TPA Global which is an independent and specialist provider of expert transfer pricing, tax valuation and customs services, headquartered in Amsterdam and has offices in 50 countries. TPA Global has also been recognized as one of the Tier 1 transfer pricing firms in Asia and Europe in the prestigious International Tax Review survey. With his growing international presence and extensive background in international tax matters he has recently entered into a strategic agreement with Elliott Davis to set up the Indian US Gateway to India. Besides advising top multinational clients, Amit is an avid author on tax and regulatory issues and a regular speaker at a number of international conferences. He regularly travels abroad to speak on India Entry Strategy, International tax and Transfer Pricing. He actively contributes stories on international tax, transfer Pricing and regulatory matters to the known domestic and international publishing houses including Mint, The Economic Times, The Times of India, Daily News and Analysis, Business Standard, The Financial Express, The Hindu Business Line, Money control, Business Today, Tax Analysts in US, etc. He is the co-chair of the Trade and Development Committee of Indian American Chamber of Commerce. He is also a member of Taxation Committee of FICCl Federation of Indian Chambers of Commerce and Industry). SumitGuptaSurnit Gupta is a qualified Chartered Accountant by profession. He has also received his Bachelor degree in Commerce (with Honors) from the Delhi University. He has 10 years’ of professional experience in personal tax and regulatory matters including advising on employee stock options, social security regulations, exchange control provisions and other allied matters pertaining to expatriate taxation in India. He has handled large expatriate tax engagements (covering both inbound expatriates and outbound assignees) for various multinational and large Indian Companies across diverse industries. He has also represented several expatriates in their assessment and appellate proceedings before the India tax authorities at various levels.
Amit Maheshwari Sumit Gupta