We are here to accelerate the prowess of the Entrepreneurial energy of India. Our mission is to enable Economic Vision of entrepreneurs by providing a deep understanding of legal and finance, use a process of co-creation to partner their value journey

1. Partnering your value journey

2. Partnering your value journey
ARE YOU PLANNING
TO COME BACK
TO INDIA?

3. No
Yes
No
Partnering your value journey
Hey! Are you willing to come back
to India?
Have you complied with Income
Tax Laws ?
Do you want our assistance
Let me help You
Go to our next slide
Yes
No
Yes

4. Partnering your value journey
Do You have
Immovable
Property outside
India?
Do you have Bank
Account outside
India?
Do you have share
and investment
outside India?
Don’t Worry!! We have the answer to all your Queries Right here..Scroll Down
Do You have
Jewelry Outside
India?
Do You know what
is your residential
status when you
return to India?
Do you want to
know the reporting
requirement in
Income Tax?

5. Determination of Residential Status
Partnering your value journey
Have you come back to
India after 31/03/2020
In India for >=729 days in
preceding 7 Years
Non Resident
ResidentIn India >= 182 days in FY
In India >= 60 days in FY
& >=365 preceding 4 FYs
Non-resident in India in 9
out of 10 preceding FY’s
Resident & Ordinary
Resident (ROR)
Resident but non-
ordinary resident (RNOR)
Go To Next
Slide
Yes
Yes
Yes
Yes
Yes
No
No
No
No
Further Condition
No

6. Partnering your value journey
Have you come back to India
after 31/03/2020
In India for >=729 days in
preceding 7 Years
Non Resident
ResidentIn India >= 120 days in FY
In India >= 60 days in FY
& >=365 preceding 4 FYs
Non-resident in India in 9
out of 10 preceding FY’s
Resident & Ordinary
Resident (ROR)
Resident but non-
ordinary resident (RNOR)
Yes
Yes
Yes
Yes
No
No
No
No
Further Condition
Having Income other than
foreign Income >15 lakhs
YesYes
This chart is applicable to
1. People of Indian Origin
2. Indian Citizens
Go Previous Slide
No
No

7. Understand Your Tax Liabilities
Partnering your value journey
The provisions regarding incidence of tax above may be summarised in the following table:
Resident and
Ordinarily
Resident
Not-Ordinarily
Resident
Non-Resident
1 Income received or deemed to be received in India whether earned in India or
elsewhere.
Yes Yes Yes
2 Income which accrues or arises or is deemed to accrue or arise in India during the
previous year, whether received in India or elsewhere.
Yes Yes Yes
3 Income which accrues or arises outside India and received outside India from a
business controlled from India
Yes Yes No
4 Income which accrues or arises outside India and received outside India in the previous
year from any other source.
Yes No No
5 Income which accrues or arises outside India and received outside India during the
years preceding the previous year and remitted to India during the previous year.
No No No
Particulars of types of Income Whether Taxable

8. Report foreign Assets in Indian income tax return
Partnering your value journey
Are you a Non Resident or Not
Ordinary Resident?
Following foreign assets are required
to in Income Tax Return.
No Requirement to report foreign
Assets In Income tax Return.
That’s means you are Resident
Bank Accounts
Financial
Interest
Immovable
Properties
Trustee, a
Settlor or a
Beneficiary of
a trust
No
All these terms have detailed explanations and they
may be constructed as such meaning attached to
them in the Act.
Yes

9. Update Your Bank Accounts
Partnering your value journey
If you are a NRI following Accounts
are allowed to maintain
Foreign
Currency Non-
Resident
account
Non- Resident
Ordinary (NRO)
account
Non- Resident
External (NRE)
account
If you are decided to relocate to India
then following accounts are permitted
Resident
account
Resident
Foreign
Currency (RFC)
account
NRE saving or
FCNR account

10. Partnering your value journey
Determine your
Residential Status
Income Tax
Requirement and
related Disclosure
Identifying of the
various assets and
their disclosure.
Understanding the
tax liability
Accounts that are
allowed to maintain
by NRI and RI
From the above slides following conclusion can be drawn
-The Above Measures
Are Only With Reference
To Income Tax Act, There
Are Several Other Acts
And Compliances To Be
Followed While
Returning To India By An
NRI.
-- -Do You Still Have Any
Queries? Contact Us On
Below Mentioned
Address!!!

11. ECONOMY and VISION
what our client say about us
Knowledge of our
people differentiates us,
hence our constant
endeavor is to invest in
people and strive for their
growth. We aim to embody
the value of “Grow people,
grow business”
what our client say about us
Commitment to the clients, it’s
a privilege to serve our clients, hence a
value proposition that the advise and
service offered should stand the test of
time.
what our client say about us
Accountability towards society, What ever we do as
Professionals and individuals, we are microcosm of a larger human
experience. Hence, any work we do should not be counter productive for
the human experience of the society we live in.
what our client say about us
Responsibility towards
our profession is the value
that defines our professional
existence, hence is the primary
guide for RKCA associates.
Partnering your value journey

12. Who we are
In an age of business where
attention and existence is at its
peak, we are proud of the fact that
our heritage spans 5 decades in the
Legal, Accounting and Finance
sectors. As a group of self driven
>100 professionals with 12 offices in
India, connected with 6500
professionals in 70 Countries,
we are your
Local Advisor with
Global Expertise
Why we exist
We exist to accelerate the prowess of
Entrepreneurial energy of India.
Our mission is to enable Economic Vision
of entrepreneurs by providing deep
understanding of legal and finance, use
process of co-creation to partner their
value journey
How we work
Extreme focus on expert
understanding of law, Accounting
and Taxsystems, connection to
financial institutions, use of data
analytics, and process of co-
creating the business
opportunities and challenges to
assist your wealth/value objective
is our routine job.
Partnering your value journey

13. Asia
India
North America
Toronto, San Francisco
Europe
TBA
GET IN TOUCH
MENA
Dubai
Ahmedabad
Bengaluru
Delhi
Hyderabad
Kolkata
Mumbai
Partnering your value journey

14. orREQUEST A CALL BACK
I know of something that I need help on.
KNOW US A LITTLE BETTER
I want to know ECOVIS RKCA a littlebetter.
India Office: Email us at deepa.rathi@ecovis.in & ssurana@rkabra.net
ECOVISRKCAisthe focusedarmofRKCAGroupCompanytoprovidepersonalisedserviceforcapitalmarkets.
RKCA is an Advisory Group associated to the German-based International Network ECOVIS with offices in the Indian
Subcontinent, Dubai, Bangkok, and having JV partners in Tokyo and Frankfurt providing services in the area of
Onshore/OffshoreAdvisory,Tax,Legal,Compliance, ProcessandManagementConsulting.
Weoperatethroughvariousfocusedentitiesandteamsforspecific services,bonded bythe commonvalue systemofRKCA.