I've been doing some research on this for a while.
Here's a findings thread 🧵
Make sure you like and retweet 🚀
1. What is Universal Basic Income? 💰
Imagine a state where the Government covered your cost of living. What would you do? Would you would you still go to work? Go back to school? Not work at all?
This concept is called a universal basic income.
Universal basic income is gaining momentum around the world and a growing number of countries are considering UBI as an alternative to welfare schemes.
A lot of countries have already started providing a fixed amount of money to its citizens to examine the effect.
Here's 4 things we tell all our clients who plan to move outside India
A thread 🧵
1. Can Recent Immigrant continue to hold Indian Assets?
All kind of assets in India such as properties, bank deposits, stocks and securities, life insurance policies, loans, company deposits, debentures, bonds etc. acquired, held or owned by an individual...
while he/she was in India can be continued to be so held and dealt in any manner even after the individual leaves India for permanent settlement.
Individual, HUF and Partnership resident in India.
2/n
Turnover Limit & Eligible professions
Professionals mentioned below, whose total gross receipts are less than INR 50 lakh in a year can avail benefit of the presumptive taxation scheme.
3/n