Table of Contents of the Book: 8170949505

Contents

Preface to the twenty-fourth edition

  1. How to become a non-resident Indian and save income tax in India

  2. Preliminary aspects of tax planning for NRIs

  3. How an NRI can avoid clubbing of his income and wealth with that of his spouse and children

  4. The incomes of an NRI completely exempt from income tax

  5. Capital gains of an NRI could be completely exempt from income tax

  6. Items completely exempt from wealth tax for an NRI

  7. Special procedure of assessment regarding income of an NRI from foreign exchange assets

  8. Deductions allowed to NRIs in computation of total income and tax payable

  9. Procedure for the filing of income tax and wealth tax returns, assessment, and refunds

  10. FEMA and NRIs Preliminary aspects analysed

  11. Acquisition and transfer of immovable property in India by NRIs and FEMA

  12. Permissible and prohibited current account transactions

  13. Permissible capital account transactions

  14. Investment in shares, securities, units and other activities, etc. by an NRI in India

  15. Deposits in India by an NRI

  16. RFC account of a returning NRI and investment abroad

  17. Miscellaneous regulations under FEMA and NRIs

  18. FAQs (frequently asked questions) of NRIs and answers.