Building a bridge of financial Counsels

KishanchandRamanialso known as K. K. Ramani who has contributed immensely to the legal, taxation and real estate sectors in India. Many a times he has been consulted by the Government of India. He was also invited by Dr.Manmohan Singh, former Prime Minister of India.

absHe has authored many books to explain how a common man can take advantage of taxation matters, legally and have sound sleep without worrying. So, let us meet this eminent personality and understand taxation and property issues in India and update ourselves on Saami’s family tree.

You are the seventh generation of the Saami tree; please tell us more about your ancestors?
I contacted Deepak Sharma Maharaj from Haridwar. I went through the hand-written records in the old books possessed by him. In those books I found that ShriGhanshamdas, son of SaamiChainrai had written in Hatwanki language, that SaamiChainrai’s father’s name was Dataram. They usually used to sign in the Hatwanki language as ‘Chainrai, pujyaDataramani.’ But many people thought that he used to write Dataramani as a surname. But the fact is that Saami’s father’s name was Dataram and his grandfather’s name was Teckchand. This can be proven by the hand-written notes that I got from Haridwar. The copies have been uploaded on our site –
You were born in Karachi in 1941. Do you have any memories of the riots that took place during those times?
KKRamani: Very little, I think I used to go to a school where I learnt a bit of Sindhi Arabic script. After coming to India I was enrolled in a Hindi medium school. My father used to read in the newspapers that all the official as well as other communications will be carried out in the Hindi language, therefore he got us admitted in the Hindimediumschool.

Do you regret that you weren’t able to learn Sindhi Arabic script? Isn’t it a loss for you?
Well, if I had learnt Sindhi Arabic script, then I am sure it would have been an additional advantage. But I don’t feel that it was a greatlossassuch.

But won’t it be difficult for us in future if our language is not kept alive?
That is most important. I feel we all should learn the Sindhi language. We should at least speak in Sindhi. But of course now a day weseethatchildrenaren’tinterestedinlearningSindhi.

Where have you studied?
I began my actual education in India. In Karachi I just went to school for about 6 months, due to which even today I can read a little bit of Sindhi Arabic script. Then from 1948 to 1959 I went to Hindi High School in Ghatkopar. Then I tried to get into the Science stream, but due to certain circumstances I couldn’t pursue science, so I joined the Arts stream at Jai Hind College and thereafter joined National College. After that I went to K. C. Law College.I did Hindi SahityaRatna while I was still studying at school in 1957.

Your books by the name GeetaAmrit has been published in Hindi why is that?
KKRamani: In 1956, while I was studying in school, I was deeply interested in Hindi language. On Saturdays and Sundays I used to teach Hindi at a young age of 16 years. Some of my students were even older than me. At that time Pravesh, Parichay, Kovid classes were conducted by RashtrabhashaPracharSamitiWardha where I used toteachHindi.

Tell us something about your children?
I have two sons and both of them have graduated in Law. The younger one is practicing along with me. He takes care of the Income-Taxmatters whileIamin-chargeofpropertymatters.

“Remittance of Foreign Exchange”, tell us something about this book?
This book was written in 1991, when Dr.Manmohan Singh was the Finance Minister. He issued a scheme regarding Foreign Exchange Remittance applicable for about 2 to 2 and half months. During that time I wrote this book. After writing this book at that time I met the Minister of State Mr.Rameshwar Thakur and informed him that their scheme was having a particular mistake. The remittance that they had allowed from bi-lateral countries like Russia etc. was not correct. Mr.Rameshwar Thakur immediately informed this shortcoming to the ministry. The government took remedial steps by issuing a notification and stopped the inward remittance from Russia. Dr.Manmohan Singh specially invited me to Delhi for a cup of tea for offering such an excellent suggestion to the government. I still vividly remember that meeting with him. While speaking to him I spoke in Punjabi and we discussed about Amritsar and he spoke very affectionately withme.

The Chief Commissioner of Income Tax also nominated you to the KVSS and VDIS committees. Tell us something about these committees?
When the Voluntary Disclosure Scheme came into force people could disclose their unaccounted money, pay tax and convert it to white. This scheme was in force for a very short period in 1997. Initially this scheme wasn’t getting the desired effect and popularity. The Chief Commissioner in Bombay formed a committee to popularize this VDIS scheme and enlighten the people about it. I also wrote a book on this subject. I even gave plenty of suggestions regarding the same to the Chief Commissioner.

Do you feel that such a scheme should be re-launched at this time?
I don’t think that the present government will come out with any such a scheme. But this book was in great demand that time and became very popular. A second edition of this book was also published. It is due to this book that I received clients from all over India who used to come for advice as the period was very limited.

What are the advantages of this Foreign Exchange for people staying abroad. How can they bring their money and invest here in India?
This is in fact a Foreign Exchange Management Manual elaborating what steps are to be taken, which permissions are to be sought, which approvals will be got automatically, which permissions of Reserve Bank are required etc. Similarly we also cameoutwithanotherbook–NRIGuide.

According to you where have we reached as a Community so far?
The rich and well established Sindhis reached India penniless after partition in 1947. The person who doesn’t get food can’t think about anything else. All this happened so suddenly that they had to abandon their business, occupations, homes etc. and run for their lives. When they came here, it was more important for them to survive and feed the families. For their basic survival they forgot everything else including their mother tongue. It does not mean Sindhisdonotlovetheirmother tongue. Presently we are well settled now. Unfortunately Sindhis have spread all over the world, they aren’t in just one place together. Some Sindhis are in Mumbai, some in Rajasthan, some in Bengal, in AlaskaandAmericaalso.

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