TAX STRUCTURING - Corporate Catalyst India

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Scope of Taxation Resident v Non-Resident („NR‟) Primary Condition - Stay of 182 days in a single year OR 60 days in a single year & 365 days in last four years OVERVIEW Secondary Condition - Stayed less than 730 days in India in last seven years OR Non resident in nine out of ten preceding years Not Ordinarily Resident („NOR‟) is a privileged status which usually runs for 3-4 years from the date of first entry into India Losing the NOR status effectively means that global income would be reported to India. Though relief can be claimed under tax treaty, but reporting requirement remains 4
Scope of Taxation OVERVIEW Arrival in India on April 1, 2010 Fiscal Year Stay in India Residential Status 2010-11 300/ 0 Resident; Not Ordinary * 2011-12 300/ 300 Resident; Not Ordinary * 2012-13 300/ 600 Resident; Not Ordinary * 2013-14 200/ 900 Resident; Ordinary ** * aggregate stay in past 7 years is less than 729 days ** aggregate stay in past 7 years is more than 729 days The NOR status is available for 3 fiscal years 5
Page 1 and 2: TAX STRUCTURING Key Issues For Fren
Page 3: Scope of Taxation Resident Non Resi
Page 7: Taxable Income Salary & Allowances
Page 11 and 12: REGIONAL RESPONSIBILITY - CASE STUD
Page 13 and 14: 13 13
Page 15 and 16: A specific provision under the tax
Page 18 and 19: ACCOMMODATION “Can the lease arra
Page 20 and 21: Example ACCOMMODATION a) Cost of Em
Page 22 and 23: PENSION & MEDICAL FUND CONTRIBUTION
Page 24 and 25: PENSION & MEDICAL FUND CONTRIBUTION
Page 26 and 27: TAX EQUALISATION “ An expatriate,
Page 28 and 29: TAX EQUALISATION - CASE STUDY Take
Page 31 and 32: REGULATORY ISSUES “ Is it possibl
Page 33 and 34: REGULATORY ISSUES Salary paid outs
Page 35 and 36: CCI - joint venture with SCS Global
Page 37 and 38: THANK YOU Sunil Arora I Director I
Page 39 and 40: EXCHANGE CONTROL REGULATIONS Extrac

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