India

Foreign Trusts in the U.S.

Posted in India | Posted on Feb 27, 2019

Under the U.S. tax laws, foreign trusts (i.e., non-U.S. trusts) may be classified as grantor or nongrantor trusts. Generally, nongrantor trusts are not...Read more

U.S. Shareholders and Recharacterization of Income

Posted in India | Posted on Feb 27, 2019

Generally, under U.S. tax law, a foreign corporation may be classified a controlled foreign corporation (CFC) where it has U.S. shareholders. Additionally, a...Read more

Distribution from Trust to Beneficiaries

Posted in India | Posted on Feb 27, 2019

Trusts or foundations have been the most widely used entity form to pool, protect and administer assets. Our whitepaper, Interaction of Indian and...Read more

Trusts for Transitioning Assets to Next Generation in India

Posted in India | Posted on Feb 27, 2019

Trust structures offer asset protection and beneficial governance mechanisms to Indian families with Indian residents and nonresidents members. However, foreign trusts should be...Read more

Tax Reporting Considerations in India

Posted in India | Posted on Feb 27, 2019

As I have stated in my other blogs that India lays out reporting requirements based on the residence of the taxpayer. The U.S....Read more

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