Tax Planning For Nris

Subhash Lakhotia s Tax Planning for NRIs is a comprehensive book that provides practical guidance to non-resident Indians in the matter of planning their residential status and availment of maximum exemptions, deductions and other tax concessions available under Income tax law as amended by the Finance Act, 2016 together with the essential aspects of practical relevance to NRIs as per FEMA.

Salient features:
Thoroughly updated and upgraded with latest amendments of the Income Tax Act, 1961
Relevant rules and regulations under FEMA
Tax exemptions under Income Tax Act, 1961
Special tax deductions and rebates available to NRIs
How to avoid clubbing of income and wealth
How NRIs can tax-proof their capital gains
Procedure for filing and assessment of NRIs tax returns
Benefits of banking your money in India
Permissible and non-permissible investments for NRIs under FEMA (Foreign Exchange Management Act)
Thorough coverage of assessment process of different taxpayers such as individuals, HUFs, Companies and Non-residents
Distinct chapter on penalties, prosecutions and tax refunds
Ready reference chart of Income tax rates for A.Y, 2017-18
Includes practical illustrations to elucidate complicated provisions

This book is handy for all categories of income tax payers, be it businessmen, professionals or even laymen as it presents the complicated law in a clear and easy-to-understand language.