ISBN 9788170949503,Tax Planning for Non-Resident Indians

Tax Planning for Non-Resident Indians


Vision Books



Vision Books

Publication Year 2015

ISBN 9788170949503

ISBN-10 8170949505


Edition 24th
Number of Pages 208 Pages
Language (English)


Often NRIs end up paying higher taxes than they need to because of ignorance about the latest Indian tax laws and the special tax advantages available to non-resident Indians.

In this book the renowned tax expert, R. N. Lakhotia, highlights the various tax exemptions, tax deductions and rebates for NRIs and describes how informed tax planning can protect the foreign income of NRIs from being taxed in India. The large number of tax planning suggestions and guidelines given in this book will help you make investments in India in such a manner that the income of your spouse, major children, major grand-children, etc. is not added to your income as a non-resident Indian.

Expert guidance includes:

Who is an NRI, how to become one, and how to enjoy your NRI benefits for many years even after returning permanently to India.
Tax-exempt items of income and wealth.
Special tax deductions and rebates available to NRIs.
How to avoid clubbing of income and wealth.
How NRIs can tax-proof their capital gains.
Tax-exempt gifts you can make to friends and relatives in India.
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).
Plus: Answers to queries frequently asked by NRIs.

Written in an easy-to-understand style, the book is packed with practical examples and also incorporates the latest provisions of the Indian tax laws.

About the Author :-
Ram Niwas Lakhotia is a well-known authority on taxation in the country. He is a regular writer and editor of numerous bestselling books, which have seen over 500 editions so far. He also writes regularly for leading newspapers. R.N. Lakhotia had a brilliant academic career. He stood First Class First in both the Degree and Post-Graduate Examinations in Commerce. He joined the Indian Revenue Service and stood first in the whole of India in the I.T.Os. Examination.

As the founder Chairman of Rajasthani Academy, New Delhi he is active in social service and cultural activities. Every year he awards "Lakhotia Puraskar" of Rs. 1 lakh, declared by the Central Government as a National Award for the best writer in Rajasthani language. He is past District Governor of Lions Clubs International. As the President of Vegetarian Congress of Delhi he is spreading Vegetarianism for Health and Happiness. He is Trustee of several Charitable Trusts. He has addressed over 5,000 seminars & lecture meetings in India and abroad. He conducted the very popular "Tax Doctor" show on Zee Business.