FOREIGN INCOME AND GAINS (SA106)

The "Foreign" (SA106) is a supplementary form to the main Self-Assessment tax return (SA100) used in the United Kingdom for individuals who need to report foreign income and gains. This form is necessary for individuals who have received income from abroad that needs to be declared to HM Revenue and Customs (HMRC).

FOREIGN TAX CREDIT RELIEF (SA106)

The "Foreign Tax Credit Relief" section within the SA106 form is specifically designed for individuals who are reporting foreign income and gains on their Self-Assessment tax return in the United Kingdom. This section helps to ensure that taxpayers do not pay tax twice on the same income—once in the foreign country where the income was earned and again in the UK.

Capital Gains Tax (CGT) Return (SA108)

The Capital Gains Tax (CGT) return, denoted as SA108, is a supplementary form used in conjunction with the main Self-Assessment tax return (SA100) in the United Kingdom. It is specifically designed for individuals who need to report capital gains or losses from the disposal of assets. The form is used to calculate the capital gains tax owed to HM Revenue and Customs (HMRC) or to report any losses that might offset future gains.

ADDITIONAL INFORMATION (SA109)

The "Additional Information" form, known as SA109, is a supplementary schedule designed to be completed alongside the main Self-Assessment tax return (SA100) in the United Kingdom. It's used by individuals who need to provide extra details that don't fit within the standard sections of the SA100 or its other supplementary pages. The SA109 is particularly relevant for individuals with more complex tax situations, such as those with residency issues or claims to remittance basis.

Gujarat International Finance Tec-City

Gujarat International Finance Tec-City, is a special economic zone, near Ahmedabad, which offers a seamless platform for investing in Indian financial markets, providing a gateway to diverse investment opportunities. By addressing regulatory complexities and providing a supportive environment, Gift City aims to encourage NRIs and foreign investors to actively participate in India's growing economy.

1. No Pan card Required
2. Invest in Foreign currency
3. Derivatives contracts are allowed without need of demat account
4. Easy access
5. No transaction costs
6. Exemption from filing ITR with certain conditions
7. Tax Benefits
8. Exposure to global markets