Dissecting Nuances of NRI Taxation!
- Year of Publication: 2021
- ISBN: 0
Course Duration:
150 minutes comprising of 2 episodes
Course Background:
As you are aware, the taxation rules and perks allowed to a Non-Residential Indian (NRI) are drastically different from those applicable to resident Indians. NRI taxation in India is a constant matter of concern for the vast number of Indians living all over the world who have to send money home and make investment planning for themselves and their family.
What shall the course cover?
In this context, Taxsutra is delighted to present to you a comprehensive 2 episode course on this highly litigious subject of “Nuances of NRI Taxation”. In this course, Partner Mr. Ameet Patel & Chief Strategic Partner Mr. Sachin Kumar B P from Manohar Chowdhry & Associates have taken participants through the topics enclosed below:
| Sr. No. | Topic | Description |
| 1 | Introduction | - Various challenges faced by individuals |
| 2 | Basis of taxation and residential status | - Tie-breaker rule - Deemed residency in India - Covid induced changes in residential status for some NRIs |
| 3 | Scope of Taxability based on residence | - The basis for determining taxable income |
| 4 | Tax Rates in India | - Individual tax rate, investment income tax rates, etc |
| 5 | Treaty Benefit | - Taxability of salary & business profits; interest, royalty & FTS; dividends; withholding of taxes |
| 6 | Foreign Tax Credit in India | - Eligibility and broad overview |
| 7 | Taxability of retirement funds in India | - Retirement funds in India (Gratuity, PF, etc.) - Taxability - Retirement funds of other countries (e.g., US) – Taxability |
| 8 | Repatriation of Funds | - Compliance requirements |
| 9 | Reporting requirements | - Filing and reporting requirements of assets held in India and outside |
| 10 | Investment in India and other countries - for e.g., US | - Investment in real property - Purchase of immovable property in India by an NRI |
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
Similar Books
Ratings and Reviews
Overall Rating
- Year of Publication: 2021
- ISBN: 0
Course Duration:
150 minutes comprising of 2 episodes
Course Background:
As you are aware, the taxation rules and perks allowed to a Non-Residential Indian (NRI) are drastically different from those applicable to resident Indians. NRI taxation in India is a constant matter of concern for the vast number of Indians living all over the world who have to send money home and make investment planning for themselves and their family.
What shall the course cover?
In this context, Taxsutra is delighted to present to you a comprehensive 2 episode course on this highly litigious subject of “Nuances of NRI Taxation”. In this course, Partner Mr. Ameet Patel & Chief Strategic Partner Mr. Sachin Kumar B P from Manohar Chowdhry & Associates have taken participants through the topics enclosed below:
| Sr. No. | Topic | Description |
| 1 | Introduction | - Various challenges faced by individuals |
| 2 | Basis of taxation and residential status | - Tie-breaker rule - Deemed residency in India - Covid induced changes in residential status for some NRIs |
| 3 | Scope of Taxability based on residence | - The basis for determining taxable income |
| 4 | Tax Rates in India | - Individual tax rate, investment income tax rates, etc |
| 5 | Treaty Benefit | - Taxability of salary & business profits; interest, royalty & FTS; dividends; withholding of taxes |
| 6 | Foreign Tax Credit in India | - Eligibility and broad overview |
| 7 | Taxability of retirement funds in India | - Retirement funds in India (Gratuity, PF, etc.) - Taxability - Retirement funds of other countries (e.g., US) – Taxability |
| 8 | Repatriation of Funds | - Compliance requirements |
| 9 | Reporting requirements | - Filing and reporting requirements of assets held in India and outside |
| 10 | Investment in India and other countries - for e.g., US | - Investment in real property - Purchase of immovable property in India by an NRI |
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
