Thursday 11 August 2022

Free taxation seminars for Indian expats in Dubai

DUBAI, November 29, 2015

Leading financial experts will be organising free seminars in Dubai, UAE, for Indian expats to update them on all property tax-related issues in the country including the rental, capital gains and gift tax.

These seminars will be held on the first two days of the Indian Property Show, which will run from December 1 to 3 at Dubai World Trade Centre.

It will be conducted by Kumar Prasad, a reputed chartered accountant and partner at Balakrishna & Company. The sessions will help NRIs investing in Indian property understand related issues such as repatriation of funds, rental tax, capital gains tax, gift tax and recent trends on the scene.
Sunil Jaiswal, the president of Sumansa Exhibition, the event organiser, said: "Until one invests in real-estate, property tax is not a subject that one deals with on regular basis. However, with a property of your own, it becomes a looming reality that calls for immediate understanding."

"This is where such seminars can make a huge difference, particularly to NRIs who have been away from home and need a thorough guidance in such matters so that they do not end up in a legal web," stated Jaiswal.

"The sessions will provide useful advice to visitors on all related issues that can crop up in situations where tax deduction is applicable, the tax rates applicable for rents from housing property and situations where one can avail tax exemption, besides other concerns," he added.
According to him, the seminars will also focus on capital gains tax related to selling property in India, which is another important segment of property show.

"Dealing in the secondary market can be quite difficult, if one is not aware of the legalities involved. Given the cost-sensitivity of the market, this is an aspect that every property seller must comprehend well when venturing into the arena. Attending seminars that address such issues will help both sellers and buyers gain maximum profit," he added.
Another important feature that will be covered in seminars is the tax implication of gifted property where Prasad will discuss all tax-related matters of real-estate as gift that one needs to be aware of.
Besides, taxation, visitors at the event wil also get to attend free seminars on 'Know Your City', 'NRI Guide to Property Investment in India', 'Vaastu', 'Taking Care of the Legal Angles' and South India’s Residential Real Estate Hot Spots.-TradeArabia News Service

Tags: expats | Taxation | Seminars | Indian Property Show |

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