Author: A N Shanbhag
Sandeep Shanbhag/
Publisher: Popular Prakashan
Year: 2007
Language: English
Pages: 205
ISBN/UPC (if available): 8179913414
Description
A N Shanbhag incites the highly successful Indian Diaspora to park some of their money (which is estimated to be more than $ 300 billion) in India in this book In the Wonderland of Investment for NRIs, which has been co-authored with his son Sandeep Shanbhag.
And they are not harping on sentimental reasons but giving concrete proof of how NRIs can strike gold in India. This book will help NRIs to stop having imaginary fears and step in boldly to reap the benefits of the liberalized scenario.
This useful guide will help NRIs to understand:
The intricacies of FEMA
Baggage Rules
Who really is a RNOR?
Why India is a tax haven and more!
Contents
Glossary of Abbreviation
Preface
Budget Expectations
PART-I: PROVISIONS
FEMA Replaces FERA
Residential status
Income Tax
Wealth Tax
Gift Tax has Come Back
Bank Accounts
Capital Gains
Immovable Property
Shares and Securities
Technical Service, Royalty, Etc.
Special Provisions
Loans and Overdrafts
Tedious TDS
Handle with Care - Baggage Rules
Before Leaving and After returning
Forex Availability - Residents
Forex Remittances - NRIs
PAN is PAIN
Insurance and NRIs
Gold does not Glitter
Excellent Avenues for Residents
India has become a Tax Haven
Double Taxation Avoidance Agreement
Employees’ Stock Options
PIO Card and Overseas Citizenship
PART - II: SAWAL - JAWAB
Sawal - Jawab
Bibliography