THE NRI GUIDE Table of Contents of this book . . .
1.Procedure to apply for lower TDS2.Capital Gains on Property tax rate3.Capital Gain Exemption under Section 544.Capital Gain Exemption under Section 54F5.Capital Gain Exemption under Section 54 EC6.Renting Property in India7.Non-Residents renting out their property8.Types of rental agreements9.Leave and License agreements10.Drafting a Leave and License Agreement11.Difference Lease Agreement - Leave & License12.Register Leave and License Agreement13.Tips when giving property on Leave and License14.NRI Property – FAQ15.Can NRIs rent out their property in India 16.Misperception on NRI definition17.Who is considered to be a person of Indian origin?18.Status of OCI holder living in India19.Foreign spouse of Indian citizen – Banking20.Foreign spouse of Indian citizen – Property Investment21.Who is considered to be a person resident in India?22.Residential status in India23.What is Income Tax Act 1961?24.What is FERA?25.What is the Foreign Exchange Management Act26.Who is considered to be Non-Resident27.Acquiring foreign citizenship28.Disadvantage of acquiring foreign citizenship29.Effects of renouncing Indian citizenship30.Renunciation of citizenship affects your minor children31.Will minor child lose citizenship if one parent takes foreign citizenship?32.Advantages of acquiring foreign citizenship for NRIs33.Canada PR Cards Residency Obligation34.Dual Citizenship - OCI35.OCI is not dual citizenship36.Benefits allowed to OCI holders37.OCI Parity with NRIs - Clarification38.Ambiguity in benefits - OCI living in India39.Restrictions on OCI holders40.Eligibility criteria for OCI41.PIO card status after PIO scheme canceled42.Foreign spouse of Indian citizen - OCI43.OCI rules for foreign born children of Indian Citizens44.Who is Not Eligible for OCI45.How to apply for OCI46.OCI applications from abroad or India47.OCI Registration Procedure & Documents Required48.Before Starting Online Application49.OCI - Documents required for new registration50.OCI Applications for Minor Children51.OCI - Application for spouse of foreign origin52.Other acceptable documents for OCI53.Original Documents Requirement for OCI applicants54.OCI fee for applications made abroad55.Surrender certificate requirement56.OCI photo guidelines57.Approval of OCI application58.Processing Time for OCI59.OCI applications in India60.OCI fee in India61.OCI fee Refund62.OCI disadvantages for US citizens63.Cancellation of OCI status64.Cancellation of OCI registration by government65.Renunciation of OCI66.Renewal of OCI Visa for OCI holders67.Renewal of OCI is required68.Requirement to carry original U Visa passport69.Changes to OCI ‘U’ Visa Record70.Using OCI Miscellaneous Services71.OCI Miscellaneous Services Online72.OCI Miscellaneous Services in India73.How to use OCI Miscellaneous Services74.Fee for OCI Miscellaneous Services75.Lost – Damaged OCI Documents76.Recording Address Changes on OCI77.PIO Card Scheme Canceled78.Lifetime Validity stamp for PIO card holders79.Travel to India with PIO Card80.PIO Card Scheme Cancellation – Overview81.Existing PIO Card holders must apply for OCI82.How to apply for OCI in Lieu of PIO Card83.Citizenship in India84.How to Acquire Indian Citizenship85.Citizenship by birth86.Citizenship by Descent87.Citizenship by Registration88.Citizenship by Naturalization89.Citizenship by Incorporation of territory90.Extended Stay in India may not guarantee Citizenship91.PIO/OCI Acquiring Indian Citizenship92.Loss of Indian Citizenship93.Registration birth at Indian Consulate94.Advantages of registering birth95.Documents required for birth registration96.Foreigners Regional Registration Office Guide97.Services at FRRO Offices98.Checklist for Registration Formalities at FRRO99.Passport Surrender & Renunciation100.Passport Surrender Rules Explained101.Surrender & Renunciation Certificate Difference102.Late Passport Surrender Penalties103.Documents required to get surrender certificate104.Outsourcing of services by Indian Consulates105.Indian - Visa Options106.Two month gap period rule for tourist visa107.Two month gap period rule now removed108.Types of Indian Visa109.Tourist Visa110.Fast Electronic Tourist Visa (e-TV)111.How to apply for electronic Indian tourist visa112.Electronic Tourist Visa (e-TV) Eligibility113.Business Visa114.Employment Visa115.Student Visa116.Entry Visa117.Long Term Entry Visa118.Conference Visa119.Journalist Visa120.Research Visa121.Transit Visa122.Medical Visa123.Medical Escort Visa124.Overstay of visa in India125.What to do in case of visa overstay126.Leaving India after visa has expired127.Transferring valid visa to new passport128.How to transfer Visa to new passport129.No Requirement to Transfer OCI Visa130.Restricted Areas131.Tax Clearance Certificate Requirement to Leave India132.What is a tax clearance certificate?133.Persons who may require tax clearance on departure134.Persons who may not require tax clearancecertificate135.How to get a Tax Clearance Certificate136.Aadhaar Card Requirement for NRIs137.OCI holders & PIO living in India need Aadhaar138.Pan Card139.Myths about Pan Number140.What do the numbers on your PAN mean141.PAN – Excellent form of photo ID142.Not All PAN Card holders have to file tax returns143.PAN not compulsory for PIO/OCI holders144.Should Persons of Indian origin get a PAN?145.Benefits of having PAN Card146.How to get a new Pan Card147.Applying for Pan Card from Abroad148.How to check if your PAN is valid149.How to check your PAN card status online150.NRIs exempt from quoting PAN151.Documents accepted as proof of identity152.PAN Card Fee153.Paying PAN Card Fee from Abroad154.AO Number on Pan Card Application155.PAN Card Agents in India156.How to make changes to your PAN card record157.Cancel duplicate PAN Card158.Pan card requirement to make cash purchase159.Sample of form to use if you don’t have PAN160.Taxation in India161.NRI global income not taxed by simply staying more than 182 days in India162.When should NRIs file income tax returns in India?163.NRI taxation in India164.Types of residential status categories for tax purposes165.Conditions that make NRIs resident for tax purposes166.Tax liability of ‘Resident and Ordinarily Resident’167.Tax liability of ‘Resident but Not Ordinarily Resident’168.Pensions – Repatriation - Taxation169.Sending pension money abroad – rules simplified170.Remit Pension funds abroad procedure171.Pension Income Taxed in India or abroad?172.Life Certificate for Indian Pensions173.Dual Taxation - DTAA174.Double Taxation Avoidance Agreements175.Points to consider on tax treaties (DTAA)176.How to claim tax benefits in India under DTAA177.Tax residency certificate178.Tax residency certificate in USA179.How to get a tax residency certificate in India180.Lower TDS for NRIs by availing DTAA benefit181.Paying Taxes in India182.Tax Slabs for the Financial Year 2017/2018183.Financial year in India184.Tax slab 2017-2018 - Assessment Year 2018-19185.Tax Deduction at Source (TDS)186.TDS reduction for PIO under DTAA187.TDS on the sale of property by NRIs in India188.TDS on rental income in India189.New TDS rule if rent over Rs. 50,000.190.Refund of TDS deducted on bank interest191.NRI Bank Account Holders info to be shared192.What is CRS?193.What is FATCA?194.FATCA – CRS Difference195.Reporting thresholds under FATCA, FBAR & CRS196.CRS effect on NRI Bank Account Holders197.What information will be exchanged under CRS?198.FAQ - CRS - NRI bank account data sharing199.Remittances to India – Money sent to India from abroad200.How much money do NRIs send to India?201.CRS – FATCA effect on NRI bank accounts202.Advantage of closing NRI bank account in India203.Currency fluctuation – Indian Rupee vs US Dollar204.Tax tips for US Citizens living in India205.Who is a considered a ‘Resident Alien’ in USA206.U.S. tax liability basis207.Penalties for not filing U.S. taxes208.What is worldwide income for U.S. Citizens209.IRS news release in Hindi210.Filing Requirements for U.S. Citizens in India211.Minimum Income Requirement to file U.S. Tax212.US Citizens living abroad benefit by filling taxes213.U.S. Citizens having bank account in India214.Reporting foreign bank accounts (FBAR)215.FBAR filling for OCI holder residing in India216.Failure to file foreign bank accounts report217.Statute of limitations for US Taxes218.Advantages to filling U.S. Taxes from India219.Foreign Earned Income Exclusion220.The Foreign Account Tax Compliance Act (FATCA)221.FATCA Reporting - How it works222.FATCA India – USA Reporting223.IRS Reporting Importance for U.S. NRIs224.UK Citizens living in India225.Tax tips for UK Expats226.Who is a resident or non-resident in the UK227.Who is automatically considered UK resident228.Automatically considered UK non-resident229.How to declare Non- Residency in UK230.How not to lose your non-resident status in UK231.Maintain UK Non-resident status – Save on UK taxes232.Canadian citizens in India233.Steps to take when leaving Canada permanently234.Australian Citizens living in India235.Property in India - Information236.Purchase of property by foreign companies237.RBI notification not required to purchase property238.Property purchase by foreigners239.Gifting property to NRIs240.Property gifting restrictions241.Foreigners require RBI permission to gift property242.Tax on Gifts243.When is gifted property taxed in India?244.Gift of money to cover black money245.Wealth tax in India abolished 2015-2016 FY246.Inheriting property by NRI247.Who can inherit immovable property in India248.Tax when inheriting property249.Sale of properties owned by NRIs250.NRI Selling residential/commercial property251.Sale of agricultural land in India252.Mortgaging property held in India253.Paying abroad for property located in India254.Payments for property purchase by NRIs255.Turning legal money into illegal money!256.Purchasing Property in India257.Demonetization effect on Property Prices in India258.Buying land in India259.Land ownership record check260.How to obtain encumbrance certificate261.Limitations of Encumbrance Certificates262.Release Certificate for a property263.Get a loan to buy property even if don’t need it
264.Consider Ready to Move in Property265.Advantages of Buying Ready to Move in Homes266.Precautions when buying property in India267.Title Report – When purchasing property268.Purchasing Property under Construction269.NRI Selling Property in India270.TDS Deduction on Sale of NRI Property271.Capital Gains Tax for Indian Residents & NRI is same272.Why is the TDS higher for NRIs?273.TDS when buying property from Indian Resident274.Pay Lower or NIL TDS on Sale of NRI Property275.How to get TDS Exemption276.Repatriation of rental income277.What is deemed rental income278.Tax on rental income in India279.Rental income taxed in the country of residence280.Capital gains taxation on property281.Short term capital gain – New Rules from 2017282.Long term capital gain283.Capital gain in case of inherited property284.Exemption from Capital Gains285.Undervaluing sale price of property to save taxes286.Minimum set price for property registration287.Costs involved to transfer property ownership288.What is stamp duty & how property registration works289.How is Stamp Duty Paid?290.Understanding capital gains on sale of property291.Cost Inflation Indexing292.Using Cost inflation index to lower capital gain293.Formula to find the indexation factor:294.Step by step example to calculate capital gain295.Calculate final long term capital gain296.Cost Inflation India Chart 2001 - 2018297.Capital Gains – Changes announced in 2017298.Short or Long Term Capital Gain – Change in 2017299.How capital gains on sale of property is taxed in India300.Cost inflation index for prior years301.Cost inflation index base year changed - April 1, 2017302.Calculate capital gains if no CFI number is available303.How is fair market value determined?304.Repatriate money from sale of property305.Legal method to repatriate money from India306.How to repatriate money from sale of property307.CA Certificate – Proof of taxes paid308.What is Form 15CA?309.Requirement to file Form 15 CA/CB – update310.Transfer of Funds Abroad – Acceptable purpose list311.Documents bank may require to remit funds abroad312.Plan repatriation of funds313.Ten year lock in if property purchased in Indian currency314.Buying Agricultural land315.Conversion of Agricultural Land316.How NRIs can acquire agricultural land in India317.Foreigners acquiring Agricultural Land in India318.Sale scams involving agricultural land319.Agricultural land use for new business venture320.Agricultural land owned before becoming NRI321.NRIs gifting agricultural land they own in India322.Sale of agricultural land owned by NRI/PIO323.Sale of agricultural land owned by foreigners324.Sending foreign currency out of India325.Form 15CA – Form 15CB may NOT be required326.Small value remittances of foreign exchange327.Liberalized Remittances Scheme of USD 250,000328.Allowed under Liberalized Remittances Scheme329.Restrictions prohibited items under LRS Scheme330.NRI Paying foreign loans from India331.Send money using the Liberalized Remittance Scheme332.Frequency of sending money333.Remittance of current income334.Remittance of assets from India by a foreigner335.Remit funds abroad from NRO Account336.Who is an authorized dealer of foreign exchange337.Sending money abroad from NRE account338.Deposit Current Income in India to NRE Account339.Repatriation of inherited assets340.Banking in India341.Type of Bank Accounts for NRIs342.Non Resident Ordinary Bank Account (NRO)343.Non Resident External Bank Account (NRE)344.Foreign Currency Non Resident account (FCNR)345.Deposit Insurance on NRI accounts in Indian Banks346.Transfer funds from NRO to NRE Account347.Joint accounts with local residents348.Holding Foreign Currency Accounts in India349.Difference between NRE and FCNR Account350.Depositing foreign currency in NRE accounts351.Foreign currency declaration form requirement352.Using Indian Bank Accounts to earn more interest353.Exchange Earner's Foreign Currency Account354.International Credit Cards355.Tax deduction at source by Indian banks (TDS)356.Money Laundering Prevention Rules in India357.Know your customer (KYC)358.Proof of Legal name to open bank account359.Acceptable Proof of Permanent Address360.Bank customers categorized361.Payments in cash362.Status of NRO/NRE accounts on return to India363.Deposit Insurance in India on bank accounts364.Deposit Insurance Comparison365.Bank Accounts-India-FAQ366.Power of Attorney [POA]367.Types of Power of Attorney368.Irrevocable or Revocable Power of Attorney369.Valid Power of Attorney ingredients370.Tips – When drafting Power of Attorney371.Sending Power of Attorney to India from Abroad372.Investing in the Indian Stock Market373.What exactly is a Demat account374.Demat Accounts for NRIs - PIO375.The definition of PIO376.Demat Accounts - Information for NRIs377.RBI approvals to open Demat accounts378.Types of Demat accounts379.Repatriable Demat Account380.Non-Repatriable Demat Account381.Paper stocks already held382.What does dematerialization of stocks mean?383.How to dematerialize paper shares384.Re-materialization385.Investments, shares, debentures & mutual funds386.Portfolio Investment Scheme (PIS)387.General Information about PIS account388.Why PIS required by NRIs and PIO389.Non-PIS Account390.Portfolio Investment Scheme FAQ391.Investing in Initial Public Offerings392.NRI investments in government securities393.Investing in National Savings Certificates394.Investment in 100% Export Oriented Units395.Investments prohibited for NRIs396.Securities & Exchange Board of India - NRI Cell397.Precautions for Investment in Securities398.Reverse Mortgages - India399.Why Reverse Mortgages not successful in India400.Loans for NRIs401.Housing loans in India402.Conditions applicable to housing loans for NRIs403.Repayment of housing loans by non-residents404.Housing Loans from employer405.Renovation Loans for NRI/PIO406.Business Loans for Returning NRIs407.Hundred percent loans for new business408.Business Loans & Financial Assistance409.Credit Guarantee Scheme (MSME)410.What are Micro & Small Enterprises?411.Manufacturing Enterprise412.Service Enterprise413.Who is eligible for loans & where to apply414.New Industry setup in India415.Governments help for new entrepreneurs416.MSME development help417.National Small Scale Industries Corporation (NSIC)418.NRI Business Opportunities419.Business Setup in India420.Business setup problems in India421.Setting up of a business organization in India422.Description of companies423.Private Limited Companies424.Public Company425.Register a new company in India426.Steps to register a new company427.Registration process of small businesses428.Licenses & Approvals required for a small business429.Options on setting up business in India430.Business Ideas431.Benefits of Franchise432.Government incentives for New Business433.Setting up an Industry in India434.Setting up Industrial Unit in India435.Incentive for Backward Areas436.State Government Incentives437.Incentives offered by State Governments438.Examples of incentives by state governments439.EOU - 100% Export Oriented Unit440.Incentives to EOU441.Software Technology Parks442.Benefits of STP Scheme443.Procedure to become STP Member444.Starting a new manufacturing unit in India445.What are Sick Units446.Sick Industrial Units – A Goldmine for Investors447.How Loans for Industrial Ventures are given448.Revive sick manufacturing unit449.Buying a Sick Industrial Unit450.Return to India planning451.Points worth considering before Returning to India452.Planning date of return to save taxes in India453.Status of Person after Return to India454.Assets held abroad - Points to consider455.Bank Accounts of NRIs returning to India456.Benefits of Resident Foreign Currency (RFC) accounts457.Customs duty in India458.How customs duty is calculated in India459.Duty Free Allowances for Tourists460.Duty free allowances461.Items NOT allowed in duty free allowances462.Foreign Tourists visiting India duty free allowance463.Pakistani Origin tourist’s duty free allowance464.Re-export option if unable to pay duty465.Import of Gold by passenger466.Import of Gold by Non-Residents467.Conditions applicable to gold import as baggage468.Taking jewelry out of India by passenger469.Import of Silver470.Import of Jewelry471.Transfer of Residency – Customs duty472.Transfer of Residence Rules (TR)473.Duty free under Transfer of Residence474.Value of goods allowed under TR rules475.Items allowed duty free under transfer of residence476.Leaving India after Transfer of Residence477.Presence required during customs clearance478.Calculation of customs duty on baggage items479.Calculating Customs Duty on used items480.Automobile imports481.Car Imports on Transfer of Residence by NRI482.Rules for NRI car imports483.Car import to India under Transfer of Residency484.Documents for customs clearance of cars485.Depreciation allowed on car import by NRI486.Calculating custom duty on car’s487.Car Import guidelines488.Importing Cars for physically handicapped Persons489.Temporary Import of car to India490.Firearm import491.How to apply for Fresh Arms License?492.Renewal of Firearm License493.License Renewal Time494.Medical license to practice in India495.MCI to be replaced by National Medical Commission496.Foreign doctors practicing in India497.MCI Test Exemption for Foreign Doctors498.Eligibility Certificate from MCI - Requirement499.Foreign Medical Graduate Examination (FMGE)500.New Exit Test to practice medicine in India501.Right to Information Act (RTI)502.RTI for Non-Residents503.RTI - Public Information Officers504.How to submit RTI application505.RTI Fee506.Time limit for Response under RTI507.Recourse in case of refusal508.RTI – Points to remember509.Exit Visa from India510.Exit Visa Requirement511.Exit Visa when passport lost or stolen512.Exit Visa for new born child513.Foreign exchange allowance514.Taking Indian currency in/out of India515.Frequently asked questions on Foreign Exchange516.Insurance policies of NRIs517.Schools in India518.Stages of School Education in India519.School Syllabus in India520.Secondary School Certificate (SSC)521.Central Board of Secondary Education (CBSE)522.Indian Certificate of Secondary Education (ICSE)523.International General Certificate Sec. Ed. (IGCSE)524.International Baccalaureate (IB)525.Selecting a school in India526.List of Schools in India - City-wise
New Edition of NRI Guide 2017-18Now available atWorldwide from Amazon
New Edition of NRI Guide 2017-18Now available atWorldwide from Amazon
THE NRI GUIDE
Table of Contents of this book . . .
1.Procedure to apply for lower TDS2.Capital Gains on Property tax rate3.Capital Gain Exemption under Section 544.Capital Gain Exemption under Section 54F5.Capital Gain Exemption under Section 54 EC6.Renting Property in India7.Non-Residents renting out their property8.Types of rental agreements9.Leave and License agreements10.Drafting a Leave and License Agreement11.Difference Lease Agreement - Leave & License12.Register Leave and License Agreement13.Tips when giving property on Leave and License14.NRI Property – FAQ15.Can NRIs rent out their property in India 16.Misperception on NRI definition17.Who is considered to be a person of Indian origin?18.Status of OCI holder living in India19.Foreign spouse of Indian citizen – Banking20.Foreign spouse of Indian citizen – Property Investment21.Who is considered to be a person resident in India?22.Residential status in India23.What is Income Tax Act 1961?24.What is FERA?25.What is the Foreign Exchange Management Act26.Who is considered to be Non-Resident27.Acquiring foreign citizenship28.Disadvantage of acquiring foreign citizenship29.Effects of renouncing Indian citizenship30.Renunciation of citizenship affects your minor children31.Will minor child lose citizenship if one parent takes foreign citizenship?32.Advantages of acquiring foreign citizenship for NRIs33.Canada PR Cards Residency Obligation34.Dual Citizenship - OCI35.OCI is not dual citizenship36.Benefits allowed to OCI holders37.OCI Parity with NRIs - Clarification38.Ambiguity in benefits - OCI living in India39.Restrictions on OCI holders40.Eligibility criteria for OCI41.PIO card status after PIO scheme canceled42.Foreign spouse of Indian citizen - OCI43.OCI rules for foreign born children of Indian Citizens44.Who is Not Eligible for OCI45.How to apply for OCI46.OCI applications from abroad or India47.OCI Registration Procedure & Documents Required48.Before Starting Online Application49.OCI - Documents required for new registration50.OCI Applications for Minor Children51.OCI - Application for spouse of foreign origin52.Other acceptable documents for OCI53.Original Documents Requirement for OCI applicants54.OCI fee for applications made abroad55.Surrender certificate requirement56.OCI photo guidelines57.Approval of OCI application58.Processing Time for OCI59.OCI applications in India60.OCI fee in India61.OCI fee Refund62.OCI disadvantages for US citizens63.Cancellation of OCI status64.Cancellation of OCI registration by government65.Renunciation of OCI66.Renewal of OCI Visa for OCI holders67.Renewal of OCI is required68.Requirement to carry original U Visa passport69.Changes to OCI ‘U’ Visa Record70.Using OCI Miscellaneous Services71.OCI Miscellaneous Services Online72.OCI Miscellaneous Services in India73.How to use OCI Miscellaneous Services74.Fee for OCI Miscellaneous Services75.Lost – Damaged OCI Documents76.Recording Address Changes on OCI77.PIO Card Scheme Canceled78.Lifetime Validity stamp for PIO card holders79.Travel to India with PIO Card80.PIO Card Scheme Cancellation – Overview81.Existing PIO Card holders must apply for OCI82.How to apply for OCI in Lieu of PIO Card83.Citizenship in India84.How to Acquire Indian Citizenship85.Citizenship by birth86.Citizenship by Descent87.Citizenship by Registration88.Citizenship by Naturalization89.Citizenship by Incorporation of territory90.Extended Stay in India may not guarantee Citizenship91.PIO/OCI Acquiring Indian Citizenship92.Loss of Indian Citizenship93.Registration birth at Indian Consulate94.Advantages of registering birth95.Documents required for birth registration96.Foreigners Regional Registration Office Guide97.Services at FRRO Offices98.Checklist for Registration Formalities at FRRO99.Passport Surrender & Renunciation100.Passport Surrender Rules Explained101.Surrender & Renunciation Certificate Difference102.Late Passport Surrender Penalties103.Documents required to get surrender certificate104.Outsourcing of services by Indian Consulates105.Indian - Visa Options106.Two month gap period rule for tourist visa107.Two month gap period rule now removed108.Types of Indian Visa109.Tourist Visa110.Fast Electronic Tourist Visa (e-TV)111.How to apply for electronic Indian tourist visa112.Electronic Tourist Visa (e-TV) Eligibility113.Business Visa114.Employment Visa115.Student Visa116.Entry Visa117.Long Term Entry Visa118.Conference Visa119.Journalist Visa120.Research Visa121.Transit Visa122.Medical Visa123.Medical Escort Visa124.Overstay of visa in India125.What to do in case of visa overstay126.Leaving India after visa has expired127.Transferring valid visa to new passport128.How to transfer Visa to new passport129.No Requirement to Transfer OCI Visa130.Restricted Areas131.Tax Clearance Certificate Requirement to Leave India132.What is a tax clearance certificate?133.Persons who may require tax clearance on departure134.Persons who may not require tax clearance certificate135.How to get a Tax Clearance Certificate136.Aadhaar Card Requirement for NRIs137.OCI holders & PIO living in India need Aadhaar138.Pan Card139.Myths about Pan Number140.What do the numbers on your PAN mean141.PAN – Excellent form of photo ID142.Not All PAN Card holders have to file tax returns143.PAN not compulsory for PIO/OCI holders144.Should Persons of Indian origin get a PAN?145.Benefits of having PAN Card146.How to get a new Pan Card147.Applying for Pan Card from Abroad148.How to check if your PAN is valid149.How to check your PAN card status online150.NRIs exempt from quoting PAN151.Documents accepted as proof of identity152.PAN Card Fee153.Paying PAN Card Fee from Abroad154.AO Number on Pan Card Application155.PAN Card Agents in India156.How to make changes to your PAN card record157.Cancel duplicate PAN Card158.Pan card requirement to make cash purchase159.Sample of form to use if you don’t have PAN160.Taxation in India161.NRI global income not taxed by simply staying more than 182 days in India162.When should NRIs file income tax returns in India?163.NRI taxation in India164.Types of residential status categories for tax purposes165.Conditions that make NRIs resident for tax purposes166.Tax liability of ‘Resident and Ordinarily Resident’167.Tax liability of ‘Resident but Not Ordinarily Resident’168.Pensions – Repatriation - Taxation169.Sending pension money abroad – rules simplified170.Remit Pension funds abroad procedure171.Pension Income Taxed in India or abroad?172.Life Certificate for Indian Pensions173.Dual Taxation - DTAA174.Double Taxation Avoidance Agreements175.Points to consider on tax treaties (DTAA)176.How to claim tax benefits in India under DTAA177.Tax residency certificate178.Tax residency certificate in USA179.How to get a tax residency certificate in India180.Lower TDS for NRIs by availing DTAA benefit181.Paying Taxes in India182.Tax Slabs for the Financial Year 2017/2018183.Financial year in India184.Tax slab 2017-2018 - Assessment Year 2018-19185.Tax Deduction at Source (TDS)186.TDS reduction for PIO under DTAA187.TDS on the sale of property by NRIs in India188.TDS on rental income in India189.New TDS rule if rent over Rs. 50,000.190.Refund of TDS deducted on bank interest191.NRI Bank Account Holders info to be shared192.What is CRS?193.What is FATCA?194.FATCA – CRS Difference195.Reporting thresholds under FATCA, FBAR & CRS196.CRS effect on NRI Bank Account Holders197.What information will be exchanged under CRS?198.FAQ - CRS - NRI bank account data sharing199.Remittances to India – Money sent to India from abroad200.How much money do NRIs send to India?201.CRS – FATCA effect on NRI bank accounts202.Advantage of closing NRI bank account in India203.Currency fluctuation – Indian Rupee vs US Dollar204.Tax tips for US Citizens living in India205.Who is a considered a ‘Resident Alien’ in USA206.U.S. tax liability basis207.Penalties for not filing U.S. taxes208.What is worldwide income for U.S. Citizens209.IRS news release in Hindi210.Filing Requirements for U.S. Citizens in India211.Minimum Income Requirement to file U.S. Tax212.US Citizens living abroad benefit by filling taxes213.U.S. Citizens having bank account in India214.Reporting foreign bank accounts (FBAR)215.FBAR filling for OCI holder residing in India216.Failure to file foreign bank accounts report217.Statute of limitations for US Taxes218.Advantages to filling U.S. Taxes from India219.Foreign Earned Income Exclusion220.The Foreign Account Tax Compliance Act (FATCA)221.FATCA Reporting - How it works222.FATCA India – USA Reporting223.IRS Reporting Importance for U.S. NRIs224.UK Citizens living in India225.Tax tips for UK Expats226.Who is a resident or non-resident in the UK227.Who is automatically considered UK resident228.Automatically considered UK non-resident229.How to declare Non- Residency in UK230.How not to lose your non-resident status in UK231.Maintain UK Non-resident status – Save on UK taxes232.Canadian citizens in India233.Steps to take when leaving Canada permanently234.Australian Citizens living in India235.Property in India - Information236.Purchase of property by foreign companies237.RBI notification not required to purchase property238.Property purchase by foreigners239.Gifting property to NRIs240.Property gifting restrictions241.Foreigners require RBI permission to gift property242.Tax on Gifts243.When is gifted property taxed in India?244.Gift of money to cover black money245.Wealth tax in India abolished 2015-2016 FY246.Inheriting property by NRI247.Who can inherit immovable property in India248.Tax when inheriting property249.Sale of properties owned by NRIs250.NRI Selling residential/commercial property251.Sale of agricultural land in India252.Mortgaging property held in India253.Paying abroad for property located in India254.Payments for property purchase by NRIs255.Turning legal money into illegal money!256.Purchasing Property in India257.Demonetization effect on Property Prices in India258.Buying land in India259.Land ownership record check260.How to obtain encumbrance certificate261.Limitations of Encumbrance Certificates262.Release Certificate for a property263.Get a loan to buy property even if don’t need it264.Consider Ready to Move in Property265.Advantages of Buying Ready to Move in Homes266.Precautions when buying property in India267.Title Report – When purchasing property268.Purchasing Property under Construction269.NRI Selling Property in India270.TDS Deduction on Sale of NRI Property271.Capital Gains Tax for Indian Residents & NRI is same272.Why is the TDS higher for NRIs?273.TDS when buying property from Indian Resident274.Pay Lower or NIL TDS on Sale of NRI Property275.How to get TDS Exemption276.Repatriation of rental income277.What is deemed rental income278.Tax on rental income in India279.Rental income taxed in the country of residence280.Capital gains taxation on property281.Short term capital gain – New Rules from 2017282.Long term capital gain283.Capital gain in case of inherited property284.Exemption from Capital Gains285.Undervaluing sale price of property to save taxes286.Minimum set price for property registration287.Costs involved to transfer property ownership288.What is stamp duty & how property registration works289.How is Stamp Duty Paid?290.Understanding capital gains on sale of property291.Cost Inflation Indexing292.Using Cost inflation index to lower capital gain293.Formula to find the indexation factor:294.Step by step example to calculate capital gain295.Calculate final long term capital gain296.Cost Inflation India Chart 2001 - 2018297.Capital Gains – Changes announced in 2017298.Short or Long Term Capital Gain – Change in 2017299.How capital gains on sale of property is taxed in India300.Cost inflation index for prior years301.Cost inflation index base year changed - April 1, 2017302.Calculate capital gains if no CFI number is available303.How is fair market value determined?304.Repatriate money from sale of property305.Legal method to repatriate money from India306.How to repatriate money from sale of property307.CA Certificate – Proof of taxes paid308.What is Form 15CA?309.Requirement to file Form 15 CA/CB – update310.Transfer of Funds Abroad – Acceptable purpose list311.Documents bank may require to remit funds abroad312.Plan repatriation of funds313.Ten year lock in if property purchased in Indian currency314.Buying Agricultural land315.Conversion of Agricultural Land316.How NRIs can acquire agricultural land in India317.Foreigners acquiring Agricultural Land in India318.Sale scams involving agricultural land319.Agricultural land use for new business venture320.Agricultural land owned before becoming NRI321.NRIs gifting agricultural land they own in India322.Sale of agricultural land owned by NRI/PIO323.Sale of agricultural land owned by foreigners324.Sending foreign currency out of India325.Form 15CA – Form 15CB may NOT be required326.Small value remittances of foreign exchange327.Liberalized Remittances Scheme of USD 250,000328.Allowed under Liberalized Remittances Scheme329.Restrictions prohibited items under LRS Scheme330.NRI Paying foreign loans from India331.Send money using the Liberalized Remittance Scheme332.Frequency of sending money333.Remittance of current income334.Remittance of assets from India by a foreigner335.Remit funds abroad from NRO Account336.Who is an authorized dealer of foreign exchange337.Sending money abroad from NRE account338.Deposit Current Income in India to NRE Account339.Repatriation of inherited assets340.Banking in India341.Type of Bank Accounts for NRIs342.Non Resident Ordinary Bank Account (NRO)343.Non Resident External Bank Account (NRE)344.Foreign Currency Non Resident account (FCNR)345.Deposit Insurance on NRI accounts in Indian Banks346.Transfer funds from NRO to NRE Account347.Joint accounts with local residents348.Holding Foreign Currency Accounts in India349.Difference between NRE and FCNR Account350.Depositing foreign currency in NRE accounts351.Foreign currency declaration form requirement352.Using Indian Bank Accounts to earn more interest353.Exchange Earner's Foreign Currency Account354.International Credit Cards355.Tax deduction at source by Indian banks (TDS)356.Money Laundering Prevention Rules in India357.Know your customer (KYC)358.Proof of Legal name to open bank account359.Acceptable Proof of Permanent Address360.Bank customers categorized361.Payments in cash362.Status of NRO/NRE accounts on return to India363.Deposit Insurance in India on bank accounts364.Deposit Insurance Comparison365.Bank Accounts-India-FAQ366.Power of Attorney [POA]367.Types of Power of Attorney368.Irrevocable or Revocable Power of Attorney369.Valid Power of Attorney ingredients370.Tips – When drafting Power of Attorney371.Sending Power of Attorney to India from Abroad372.Investing in the Indian Stock Market373.What exactly is a Demat account374.Demat Accounts for NRIs - PIO375.The definition of PIO376.Demat Accounts - Information for NRIs377.RBI approvals to open Demat accounts378.Types of Demat accounts379.Repatriable Demat Account380.Non-Repatriable Demat Account381.Paper stocks already held382.What does dematerialization of stocks mean?383.How to dematerialize paper shares384.Re-materialization385.Investments, shares, debentures & mutual funds386.Portfolio Investment Scheme (PIS)387.General Information about PIS account388.Why PIS required by NRIs and PIO389.Non-PIS Account390.Portfolio Investment Scheme FAQ391.Investing in Initial Public Offerings392.NRI investments in government securities393.Investing in National Savings Certificates394.Investment in 100% Export Oriented Units395.Investments prohibited for NRIs396.Securities & Exchange Board of India - NRI Cell397.Precautions for Investment in Securities398.Reverse Mortgages - India399.Why Reverse Mortgages not successful in India400.Loans for NRIs401.Housing loans in India402.Conditions applicable to housing loans for NRIs403.Repayment of housing loans by non-residents404.Housing Loans from employer405.Renovation Loans for NRI/PIO406.Business Loans for Returning NRIs407.Hundred percent loans for new business408.Business Loans & Financial Assistance409.Credit Guarantee Scheme (MSME)410.What are Micro & Small Enterprises?411.Manufacturing Enterprise412.Service Enterprise413.Who is eligible for loans & where to apply414.New Industry setup in India415.Governments help for new entrepreneurs416.MSME development help417.National Small Scale Industries Corporation (NSIC)418.NRI Business Opportunities419.Business Setup in India420.Business setup problems in India421.Setting up of a business organization in India422.Description of companies423.Private Limited Companies424.Public Company425.Register a new company in India426.Steps to register a new company427.Registration process of small businesses428.Licenses & Approvals required for a small business429.Options on setting up business in India430.Business Ideas431.Benefits of Franchise432.Government incentives for New Business433.Setting up an Industry in India434.Setting up Industrial Unit in India435.Incentive for Backward Areas436.State Government Incentives437.Incentives offered by State Governments438.Examples of incentives by state governments439.EOU - 100% Export Oriented Unit440.Incentives to EOU441.Software Technology Parks442.Benefits of STP Scheme443.Procedure to become STP Member444.Starting a new manufacturing unit in India445.What are Sick Units446.Sick Industrial Units – A Goldmine for Investors447.How Loans for Industrial Ventures are given448.Revive sick manufacturing unit449.Buying a Sick Industrial Unit450.Return to India planning451.Points worth considering before Returning to India452.Planning date of return to save taxes in India453.Status of Person after Return to India454.Assets held abroad - Points to consider455.Bank Accounts of NRIs returning to India456.Benefits of Resident Foreign Currency (RFC) accounts457.Customs duty in India458.How customs duty is calculated in India459.Duty Free Allowances for Tourists460.Duty free allowances461.Items NOT allowed in duty free allowances462.Foreign Tourists visiting India duty free allowance463.Pakistani Origin tourist’s duty free allowance464.Re-export option if unable to pay duty465.Import of Gold by passenger466.Import of Gold by Non-Residents467.Conditions applicable to gold import as baggage468.Taking jewelry out of India by passenger469.Import of Silver470.Import of Jewelry471.Transfer of Residency – Customs duty472.Transfer of Residence Rules (TR)473.Duty free under Transfer of Residence474.Value of goods allowed under TR rules475.Items allowed duty free under transfer of residence476.Leaving India after Transfer of Residence477.Presence required during customs clearance478.Calculation of customs duty on baggage items479.Calculating Customs Duty on used items480.Automobile imports481.Car Imports on Transfer of Residence by NRI482.Rules for NRI car imports483.Car import to India under Transfer of Residency484.Documents for customs clearance of cars485.Depreciation allowed on car import by NRI486.Calculating custom duty on car’s487.Car Import guidelines488.Importing Cars for physically handicapped Persons489.Temporary Import of car to India490.Firearm import491.How to apply for Fresh Arms License?492.Renewal of Firearm License493.License Renewal Time494.Medical license to practice in India495.MCI to be replaced by National Medical Commission496.Foreign doctors practicing in India497.MCI Test Exemption for Foreign Doctors498.Eligibility Certificate from MCI - Requirement499.Foreign Medical Graduate Examination (FMGE)500.New Exit Test to practice medicine in India501.Right to Information Act (RTI)502.RTI for Non-Residents503.RTI - Public Information Officers504.How to submit RTI application505.RTI Fee506.Time limit for Response under RTI507.Recourse in case of refusal508.RTI – Points to remember509.Exit Visa from India510.Exit Visa Requirement511.Exit Visa when passport lost or stolen512.Exit Visa for new born child513.Foreign exchange allowance514.Taking Indian currency in/out of India515.Frequently asked questions on Foreign Exchange516.Insurance policies of NRIs517.Schools in India518.Stages of School Education in India519.School Syllabus in India520.Secondary School Certificate (SSC)521.Central Board of Secondary Education (CBSE)522.Indian Certificate of Secondary Education (ICSE)523.International General Certificate Sec. Ed. (IGCSE)524.International Baccalaureate (IB)525.Selecting a school in India526.List of Schools in India - City-wise
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