------------------------------------------------------------------------ Remembering Aquino Braganca (b. 6 April 1924), who fought for freedom of the former Portuguese colonies in Africa. An online tribute http://aquinobraganca.wordpress.com/ (includes many historical references, some photographs and documents)
------------------------------------------------------------------------ [Goanet] 5% TAX ON FOREIGN INCOME FOR NRI STARTING 2009 -10 I refer to this post appeard in Goanet and a few mails received by me privately. I always considered myself NRI taxation expert. Never I remember reading about the proposal for 5% Tax on foreign income of NRIs nor I ever seen any notification from the Indian Income Tax Dept in this respect. I have a good news to all worried NRIs. Whether you vote for me or not (in the ensuing general elections) No NRI will pay Tax on their Foreign Income now 2009/2010 or next year 2010/2011 In order to impose such new Foreign Income taxes, it has to be proposed in the general budget first, allow for discussion and then implementation (if agreed by the majority) and the process takes not less than one year as new taxes, if any, are always made effective from a start of future financial year April/March. For any financial advice please come to the expert JoeGoaUk. His fees are nominal It’s only 1% of your total investments/Income* * Terms and conditions apply Note: Those written to me privately may take this as the only intimation joego...@yahoo.co.uk for Goa & NRI related info... http://in.groups.yahoo.com/group/GOAN-NRI/ For Goan Video Clips http://youtube.com/joeukgoa In Goa, Dial 1 0 8 For Hospital, Police, Fire etc