India’s tax regime goes easy on Indian’s moving out of India and becoming NRI, whereas US taxes its citizen on global basis even after they have physically moved out of US. In view of the high number of HNIs moving their base outside India, a Working Group has been formed with the approval of CBDT to look into the tax risks of migrating HNIs.

Suraj Nangia, Partner contributed an article on  IMPROVING TAX COMPLIANCE OF THE ULRA- RICH for Hind Business Line.

improving-tax-compliance-of-the-ulra-rich