Let us examine the two version about Ms Sunanda Pushkar getting equity shares from -the private Limited Company which won the the Kochi bid of IPL. It is reported in the press ,that she received the shares for free. However , an interview published on Hindustan Times, of the one of the share holder that it was was not
Do Foreigners Require Tax Clearance Before Leaving India?
April 22, 2008 by
The answer is Yes and No but before I explain the law , it is importanat to understand that here foreigner means a person not domiciled in India .The answer is NO in case of following persons?Those persons who are not domiciled in India and who come to India on tourist visa or for any...
How To Know If Stipend or Scholarship or Fellowship Awarded To You Is Tax Exempt?
April 9, 2008 by
1.Dear Sir,I am on a Commonwealth Professional Fellowship to UK for 03 months. If I save some of my stipend would be tax exempted. However, I would be paying tax for the income I had for rest of 09 months in India. Thus please suggest about the status of stipend I receive here in United...
What Benefit Is Available To Indian Citizen While Deciding Residential Status?
January 15, 2008 by
I was working in India all the while till July 2007 and moved to Singapore on employment in August 2007. So, for FY2007-08, I would have stayed 5 months in India and 7 months in Singapore. The rules at one place seem to suggest that "If I’m out of India for more than 183 days,...
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