Incorporating Companies in India and the US, and its Taxation
CASE STUDY INTRODUCTION In this issue, we focus on the application of Section 54F (exemption from capital gains with certain conditions met), and how it can impact taxpayers in India who are non US citizens holding stock in a US company. We will thoroughly examine the case of Hiten (an Indian citizen) and Mark (a […]
The application of Section 54F and how it can impact taxpayers in India who are non US citizens holding stock in a US company.
CASE STUDY INTRODUCTION In this issue, we focus on the application of Section 54F (exemption from capital gains with certain conditions met), and how it can impact taxpayers in India who are non US citizens holding stock in a US company. We will thoroughly examine the case of Hiten (an Indian citizen) and Mark (a […]
Estate Planning
CASE STUDY INTRODUCTION In this issue, through the scenarios of Harold and Prakash, we’d like to explanin how citizenship and residency (yours and your children) impact your estate taxes. From Harold’s Perspective Harold, is a US citizen. Although both his parents were born and raised in the US, he has some Indian connections. Curious about […]
Impact of citizenship and residency on taxes on property sales
CASE STUDY INTRODUCTION In this issue of parallel universes, through the scenarios of Dev and Sukriti, we’d like to illustrate how citizenship and residency can impact the taxes you pay on property sales, and life-stage and timing can influence your decision making. From Dev’s Perspective Dev grew up in Nasik, and moved to the US […]
Carried Interest (The capital gains from funds)
CASE STUDY INTRODUCTION This issue is centered around Carried Interest (The capital gains from funds), and we look at how taxes are dramatically different for a Venture Capitalist sitting in India (Geeta) vs one who sits in the US (Chandrima). First, let’s understand a thing or two about funds and carried interest. Generally, VCs get […]
Taxation on Charitable Contributions
CASE STUDY INTRODUCTION We will explore the theme of charitable contributions, highlighting the differences between an Indian citizen making a contribution to an Indian non-profit from the US, versus a US citizen, living in India and making a donation to an Indian non-profit. From Rashmi’s Perspective Rashmi traveled to the US to pursue her master’s […]
Handling of Costs in India and the US
CASE STUDY INTRODUCTION Let us consider the instance of Ravikumar and Satish, who attended the same college in India. Satish remained in India, whereas Ravi moved to the US and continues to reside there. They both choose to pursue entrepreneurship as their career. While Satish established a semiconductor product company in India, Ravi established a […]
Tax Planning and Breaking Residency from a State Standpoint
CASE STUDY INTRODUCTION In this issue we will look into the various aspects of tax planning and breaking residency from a state standpoint with the help of 3 individual case studies of Natraj, Aarti and Salma. Natraj and Salma are US residents holding positions in Indian companies, while Aarti is an Indian resident with shares […]
