TAXATION OF EXPATRIATES
The nature of taxation has often rendered most of us likewise sometimes lost and somewhat confused. Most of us also find the tax problem appalling and very stressful, especially when it comes to foreign income. There is one particular area of taxation that is relatively complex, but it is vital to be understood, especially by people dealing with MNCs, the area of expatriate taxation. Any expatriate, NRI, and PIO conducting any business activities or being working in India must understand and obey Indian laws and foreign exchange policy related orders. The common problem facing the NRIs or any Expatriate is compliance with the Indian international tax system.
Expatriates confide in reliable and competent providers to comply with various international taxation laws and regulations. We have a team of specialists who have effective solutions to taxation issues for expatriates. Our tax consultant provides distinct and fruitful methods for dealing with tax-related matters
Frequently Asked Questions
In India, as per section 9(1)(ii) of the Income Tax Act, the income earned by foreign expatriates is consideredto be obtained in India for services rendered by him. It can be measured under the 'salaries' head of revenue.
Employment visa Initially, an employment visa is issued for a one-year stay; the period can be extended by the Regional Registration Office of Foreigners (FFRO) in India if the employment contract continues. The X-visa is valid for stays of six months to five years, with multiple entries available for legitimate purposes.
Indian laws give various types of forms to foreign nationals to start their business in India, such as private limited company, public limited company, branch office, etc. However, the form has to be chosen only after thorough consideration of all the pros and cons associated with it.
A exchange-Off: Long Work Weeks in India for a Low Cost Life. Expats find themselves working more than the typical global expat for four hours, although not without reward: India's cost of living is among the cheapest in the world. The Cost of Living Index ranks 17th out of 68 countries and is India's best score.
180 DAYS, A longer-term visa is defined for foreigners of non-Indian origin as one that allows the holder to remain in India for more than 180 days (six months) continuously.
Jobs, Entry and Student Visas are the key Visas
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