Dubai, Mar 30 (Media Release) :Kanara Entrepreneurs Ltd. (KEL) are pleased to announce their next session – ‘Impact of the new Direct Tax Code on NRI Taxation’  open to all interested in understanding the new Tax Laws that will be applicable from next financial year.

Government of India has proposed a new Direct Tax Code (DTC) to unify all direct taxes. This will replace the existing Income Tax Act and other relevant Acts and is likely to be effective from 1st April 2012. Though the code simplifies the procedures and encourages voluntary compliance, 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 DTC will impact the taxation of Non Resident Indians?
• 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 to an NRI?
• What is Wealth Tax ? Are NRI’s liable to pay Wealth tax
• 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 NRI taxation.

Overview of the topic

• Analysis and overview of DTC proposals and the current income tax law applicable to NRI’s
• Who is an NRI, Persons of Indian Origin(PIO) & Overseas Citizen of India (OCI)
• New concept in DTC – Obtaining Tax Residency Certificate
• Tax concessions, exemptions and benefits available for NRI’s
• Tax implications on returning to India - Planning your TR
• Gifts, inheritance  and repatriation -  Tax Implications
• Do you need to file your tax returns? How do you file them?
• Benefits of  Double Taxation Avoidance Agreement for NRI’s
• Privileges for  overseas Indians

Venue : The India Club, Dubai

Date : April 9, 2011 (Saturday)

Time : 6.30 PM (Registration)

Speakers : Mark D’Souza, Director – Finance, KE Bangalore

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 of AED 100/= (spouses attend free). To take advantage of this opportunity, please register online or reply to the email invitation.

Speaker’s Profile:

Born in Neerude - Mangalore, Mark is a Fellow member of the Institute of Chartered Accountants in India with over 24 years experience in Audit and Assurance Services, Taxation, Corporate Law, Foreign Exchange and Business Consulting.

A graduate of St. Aloysius College - Mangalore,  Mark has over 20 years of teaching experience Accounting, Financial Management, Taxation and Banking.  He was 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 Bangalore and is currently its Director – Finance. He also serves on the Board of KE Global.  His companies include Mark D’Souza & Co. (chartered accountants), MAXIMA Systems (India) Pvt. Ltd., and is a co-founder of Maclanro Consulting.

Mark recently addressed the Chartered Accountants in Bangalore and Melinda Bill Gates Foundation on the new Foreign Contribution Bill 2010.

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 Mangalore, Christian Chamber of Commerce & Industry and Dimensions in Mumbai to achieve these objectives with mutual co-operation.

Register Online - Click Here