Going abroad? How to take care of your finances
Posted by tambram on Sun, 2007-11-11 16:53.
Business
Going abroad to work is not just about the correct stamps on your passport. Your investments, in India or abroad, need to go through the appropriate entry and exit points.
Deepak Khanna, 40, is leaving for Australia on a new work assignment soon. He doesn't plan to emigrate now, but wants to work abroad for a few years. While the thought of a new life in a new country is exciting, Khanna is also worried about what he is leaving behind - his investments, assets, and loans.
The paperwork that he needs to do before he goes, while he is in Australia and once he comes back, in order to rightfully own what is his, is mind boggling. The answer to "Who is a non-resident Indian?" depends on whether you are asking an income tax guy or a foreign exchange guy. Even though Khanna's employers are helping him with some of this, he has to rely on hearsay and amateur advice for most

Very good tips...
Very good tips... bookmarking