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Session on India’s taxation laws on Jan 4

Date : Dec 29, 2013

Muscat - 

The Muscat Chapter of The Institute of Chartered Accountants of India is organising an informative session on the topic ‘Relevant Changes in Direct Taxation in India affecting Real Estate Transactions, with reference to NRI and FEMA regulations’ on January 4 at Mumtaz Mahal.

The registration starts at 9.15am for networking and breakfast and seminar commences at 10am for two hours. The seminar is open to chapter members and invitees. The speaker R Bupathy is a former president of Institute of Chartered Accountants of India and is an accomplished faculty on taxation. The topic for discussion assumes importance because many NRIs invest in immovable property in India and hence, understanding the regulatory framework and compliance with tax laws becomes very important.

Further, some NRIs would be interested in developing their ancestral property by entering into joint development agreements. Also, there would be other NRIs who do not intend to return to India for permanent settlement either because their children have settled outside India or otherwise would like to monetise their assets and repatriate it outside India. Bupathy has over 37 years of experience in taxation in various professional institutions and is regularly invited to speak on the subject at various forums.

The Muscat chapter of ICAI, under the sponsorship of College of Banking and Financial Studies, regularly conducts professional development events for the benefit of its members and believes that this event will be of immense value especially to NRI members who attend the seminar. The event is sponsored by Modern Information Technology LLC. Source :-http://www.muscatdaily.com/Archive/Oman/Session-on-India-s-taxation-laws-on-Jan-4-2tc9

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