Repatriation of Funds by NRIs | 1 Million Dollar Scheme | FEMA and TCS | CA Rohit Gupta

Repatriation of Funds by NRIs | 1 Million Dollar Scheme | TCS and Prohibitions on Transfer | CA Rohit Gupta #foreigntaxcredit #incometaxcredit #internationaltaxation #internationaltax #nonresidenttaxation #nri #repatriation #LRS #NRItaxation #repatriation #repatriationbynri We shall be discussing the Repatriation of Funds by NRIs under One Million dollar Scheme, Applicability of TCS, Documents to be Filed, Repatriations Prohibited under FEMA , 15CA 15CB forms • Who can use this scheme? • Assets Permitted For Repatriation • Can resident Indians use this scheme? • Limitations of the scheme • Can Funds From Sale Of Agricultural Lands Be Repatriated? • Can Funds Accumulated From Borrowings Be Repatriated? • Can Funds Received As Gifts Be Repatriated? • Repatriation Of Funds From NRE/FCNR Accounts • Charges and taxation • Documents Required For Repatriation RBI Notification https://www.rbi.org.in/Scripts/Notifi... One of the payments mentioned in the specified list is “S1301 - Remittance by non-residents towards family maintenance and savings". Assuming that you intend to transfer your savings for maintenance of family, there is no requirement to furnish Form 15CA/Form 15CB in terms of exemption granted under Rule 37BB(3)(ii) of Income Tax Rules 1962. However, in practice, some banks may insist for Form 15CA/Form 15CB. Principles of International Tax Planning can be purchased using the link https://www.amazon.in/Principles-Inte... This book is an Authentic & Practical ‘Guide to International Tax Planning – Incorporating Real Life Case Studies, Latest Case Laws and Illustrated Tax Planning Strategies.’ The Present Publication, authored by Rohit Gupta, is the latest edition, with the following noteworthy features: • Examines international tax principles primarily from the view point of multinational group of companies. Planning techniques and models are described in a neutral and concise manner. • Based on materials gathered from a wide range of books, journals and articles on the subject. It also makes use of various OECD reports and studies. • Provides a basic knowledge/ brief idea on various international tax planning models and strategies in practice. It highlights various ways to reduce the tax burden on cross-border transactions and entities. • Discusses what considerations should be involved in deciding the following: o Holding company location o Whether to choose a branch or subsidiary o How to manage the intellectual property rights from creation to migration o How to minimize tax liabilities for globally mobile employees • Discusses in detail the various tax planning models for manufacturing, retail and distribution activities to ensure supply chain is tax efficient across the globe. Also, discusses various types and models of hybrid financial instruments and hybrid entities for undertaking tax-efficient offshore financing. • Contains reported cases of international tax planning undertaken by many large groups to reduce their effective tax rates. Real life practice and structures of international tax planning are also demonstrated at various places. Contents of this book are as follows: • Overview of International Taxation • International Tax Planning, Avoidance and Evasion • International Tax Planning – Strategies and Goals • Forms of Business Entities & Permanent Establishment Concept • Offshore Holding Companies and Tax Planning • Offshore Branch and Subsidiary Structures – Planning Issues • Offshore Financial and Tax Planning • Derivative Instruments • Intellectual Property Management • Tax Efficient Supply Chain Management • Global Mobility and Tax Planning • Tax Havens and Offshore Structures • International Tax Practice: Case Studies • Transfer Pricing • Anti-Avoidance Rules #nri #nro #nre #nonresident