Media Release
Dubai, Feb 22: Kanara Entrepreneurs Ltd (KEL) will host their next session - 'Analysis of Indian Budget 2018 - impact on NRIs and issues on NRI Taxation', on Sunday February 25. The session is open to all those interested in understanding the changes in tax laws affecting NRIs and how to comply the statutory requirements applicable from next financial year.
The government of India presented its Budget for the year 2018 on February 1 and there were mixed reactions from the cross section of the stake holders. India is now one of the fastest growing economies in the world – 2.5 trillion dollars economy and the 7th largest economy in the world and it is poised to be the 5th largest economy soon. Structural reforms like demonetization and GST has put the economy on a new track of development.
Indian budget always poses surprises and challenges particularly in the areas of taxation and the tax payers are anxious to know the impact on their taxes and be prepared to plan their financial affairs accordingly. Are you also having doubts and would like to know the impacts on NRI such as:
• How will the union budget 2018 impact the taxation of non-resident Indians?
• What is the impact on the newly introduced capital gains tax on shares?
• Do we need to rebalance our investment portfolio?
• Who is an NRI? Are there any changes in the meaning of NRI?
• Will the income of an NRI continue to be exempt?
• Is the income earned outside India taxable?
• Are there any special tax benefits/concessions/exemptions/ privileges to an NRI?
• Tax concessions, exemptions and benefits available for NRIs
• Gifts, inheritance and repatriation - Tax Implications
• Tax implications on returning to India - Planning your TR
• What happens if I do not file my income tax returns?
Here is an opportunity to hear from an expert and get an overview of all you wanted to know about Budget 2018 and NRI taxation.
The session will be interactive and attendees will gain deep understanding on the impact on the Budget 2018 as well as common taxation issues faced by NRIs
Venue: The India Club, Dubai
Date: February 25, 2018 (Sunday)
Time: 6.30 pm (Registration)
Speakers: Mark D’Souza, Chartered Accountant, past president, KE Bengaluru
Registration: Registration is free for all KEL members and their spouses (valid membership as on date) and open to all other individuals on a first-come-first-serve basis against a registration fee (spouses attend free). To take advantage of this opportunity, please register online or reply to the email invitation.
Speaker’s Profile:
Mark D'Souza is a successful Professional, Speaker and a Teacher who relates his professional experience coupled with practical case studies that empowers the leaders and equips them to face the challenges of managing their organizations.
Born in Neerude, Mangaluru, Mark is a Fellow member of the Institute of Chartered Accountants in India with over 30 years’ experience in audit and assurance services, taxation, corporate law, foreign exchange and business consulting.
A graduate of St Aloysius College, Mangaluru, Mark has over 28 years of teaching experience in accounting, financial management, taxation and banking. He is a member of the taxation committee of Federation of Karnataka Chamber of Commerce and Industry (FKCCI) and is on the advisory board several leading educational and non-profit organizations in Bangalore.
Mark is one of the founding lead member of Kanara Entrepreneurs in Bengaluru and served as the director Chapter Development of KE Global, Dubai and the immediate past President of Kanara Entrepreneurs (KE) Bengaluru. His companies include Mark D’Souza & Co Chartered accountants, MAXMA Systems (India) Pvt Ltd, and Penmywill.
About KE Global:
KE Global is a global, non-profit, mutual-benefit corporation founded by successful entrepreneurs to encourage, support and nurture entrepreneurship in individuals originating from the Kanara region. While fostering entrepreneurship amongst the expatriates from the Kanara region with chapters in the UAE and Bangalore, KE Global aims to expand its activities overseas through affiliations with individuals or associations with similar objectives. KE Global has signed memorandum or understandings with organisations such as Rachana in Mangaluru, Christian Chamber of Commerce & Industry and Dimensions in Mumbai to achieve these objectives with mutual co-operation.