The Banking, Investment and Taxation Handbook provides clear and elaborate definitions of banking and taxation terms as per the various acts that govern Overseas Indians in this area. It discusses in detail the various Income Tax issues pertaining to overseas Indians – NRIs, People of Indian Origin and other categories of Overseas Indians.

It lists the various types of income of overseas Indians that are taxable in India and also the exemptions that are available. Most importantly, it provides useful information on remittances to India and the tax implications of these remittances.

The guide then provides information on personal banking for NRIs and PIOs. The different types of accounts that can be opened and useful pointers on operating the accounts and interest and taxes on these accounts.

The guide moves on to the policy framework for Investment by NRIs and PIOs, the various investment options and modes of investment. An interesting section of this guide is an analysis of the various investment opportunities available for NRIs and PIOs in India. These range from Shares and Securities, loans and overdrafts, real estate investments, remittance facilities, etc. Given that NRI investment in Immovable Property in India is considerable the guide has delved in detail on the acquisition & transfer of Immovable Property in India.

An exhaustive chapter on all legislation affecting Non-Resident Indians is also available.

The annexure of this guide provides a ready reckoner to various online resources, government departments, contact information that would be useful to NRIs. The annexure also provides a list of sectors that allow for 100% FDI.

The guide is an essential handbook for all Overseas Indians who are looking at a single source of information generally available across a variety of sources. This exhaustive guide would be very useful to all NRIs and PIOs looking for banking, taxation and investment information in India.