Planning to send your child abroad to study, You shouldn’t miss this!

September 28, 2022

Overseas Education :

Are you sending your children abroad to study? You shouldn’t miss this. how you send your children abroad, when and where you send them, what happens when you send them, how you send money, and what happens when they earn there? what happens with taxes? what happens in terms of currency….so many questions

1.What it means to be a global citizen – Bhairav Desai Financial Advisor ​

coverage :

  • Do you plan to send your children for education abroad?
  • Would you like them to be able to work there after graduation?
  • Do you plan to expand your business to other countries?
  • Will you need better ease of doing business or travel which you don’t currently have?

2. Managing currency volatility while planning your children’s abroad education – Harish Menon , Investment Advisor

Coverage:

  • Managing Currency Volatility
  • Factors affecting exchange rate
  • Why handle FX remittance

3. Awareness of India tax/FEMA laws for NRI’s – Darshak Shah, Tax Advisor

Coverage :

1. Income Tax

  • Who is Non-resident India (NRI)
  • Purpose-wise tax implication in India
  • Studies, jobs, Setting up business in foreign, overseas permanent residency
  • Tax benefits of loans taken for higher education

2. FEMA

  • The meaning of NRI
  • Difference between IT Act & FEMA definition
  • What are the types of bank accounts that can be maintained by an NRI?
  • Case Studies

3. Important FAQs