Insights
“From midnight of November 8, 2016, Rs. 500 and Rs.1000 will cease to be legal...
Tags Bank, currency notes, FD, FEMA, foreign exchange, Income Tax, India, Investment, Legal Tender, NRI, NRI Investment, RBI, Tax
Understanding Brexit: Brexit means BRitain’s EXIT from the European Union (EU). EU is an economic...
Finally, the Central Board of Direct Taxes (CBDT) issues Notification no. 93/2015 dated December 16,...
Tags 15CA, 15CB, Bank, CA Certificate, CA certificate in Form 15CB, CBDT, Compliance, DTAA, FEMA, foreign exchange, Income Tax, India, LRS, NRE, NRI, NRI Investment, NRO, NRO to NRE Transfer, PIO, RBI, remittance, Repatriation, Tax, TDS
Recently, the Income Tax Department (ITD) has become very aggressive in widening the tax base...
NRE Bank FDs have always been considered the best investment product for NRIs to earn...
Tags AoE, automatic exchange of information, Bank, Bank FD, capital gain, currency conversion, Financial Account, Foreign Account Tax Compliance Act, foreign exchange, foreign income, foreign tax, Indiam Investment, Indian Mutual fund, INR, Interest, Liquid Fund, Money Market, Mutual Fund, NRE, OCI, OECD, PFIC, PIO, Tax, tax saving, taxation of PFIC example, US deptartment of treasury
A FATCA (Foreign Account Tax Compliance Act) / CRS (Common Reporting Standard) declaration was prepared...
Tags AEoI, automatic exchange of information, Bank, Black Money, CBDT, CBDT Notification 62/2015, Common Reporting Standard, CRS, CRS declaration, Due Diligence, FATCA, FATCA declaration, FATCA/CRS Declaration, FD, FEMA, Financial Account, Foreign Account Tax Compliance Act, G20, Greencard holder, KRA, KYC, MCAA, Multilateral Competent Authority Agreement, NI, non resident, Non resident indian, NRI, NRI Investments, NRI Taxation, OECD, Organisation for Economic Co-operation and Development, PIO, RBI / FEMA / Other Updates - Analyzed, Reporting Financial Institution, residential status, RFI, Rule 114 F, Rule 114f, Rule 114G, Rule 114H, SSN, Tax ID of country of residence, TFN, UCIC, Unique Customer ID Code, US Citizen, US Resident, USA Compliance and tagged 62/2015
Sharing and Reporting of accounts and income has become a hot topic among NRIs and...
Tags AEoI, automatic exchange of information, Bank, CBDT, CBDT Notification 62/2015, Common Reporting Standard, CRS, CRS declaration, Due Diligence, FATCA, FATCA declaration, FATCA/CRS Declaration, FD, FEMA, Financial Account, Foreign Account Tax Compliance Act, G20, MCAA, Multilateral Competent Authority Agreement, Non resident indian, NRI, OECD, Organisation for Economic Co-operation and Development, PIO, Reporting Financial Institution, RFI, Rule 114 F, Rule 114f, Rule 114G, Rule 114H
From June 1, 2015, any person making a payment to a non-resident, including an NRI...
Tags 15CA, 15CB, Bank, CA, CA Certificate, CA Certificate Form 15CB, CBDT, Central Board of Direct Taxes, Certificate, Chartered Accountant, DTAA, DTAA Article, Exempt, FEMA, financial institution, Foreign Currency, Foreign Payment, Form 15CA, Form 15CB, Income Tax, Income Tax Act, Investment, Notification, NRE, NRI, NRI Investment, NRO, NRO to NRE Transfer, Outward Remittance, PAN, Payment to NRI, Procedures, RBI, remittance, Remittee, Remitter, Revised Form 15CA, Revised Form 15CB, Specified List, Tax Free, Taxable, TDS
Finance Budget (No.2) proposed many important changes related to NRI investments and taxation. One of...
Tags AIR, Annual Information Return, CBDT, Demat, Department of Treasury, Due Diligence, FATCA, FATCA Agreement, FEMA, FFA, FFI, Financial Account, financial transaction, Foreign Account Tax Compliance Act, Foreign Financial Account, Foreign Financial Assets, Foreign Financial Institution, forex, Form 8938, IGA, Income Tax, India, Indian American, INR, Intergovernmental Agreement, Investment, Investments in India, IRS, NRE, NRI, NRI from USA, NRI Investment, NRI Investments, NRI Taxation, NRO, OCI, Penalty, PIO, RBI, reportable account, SEBI, SoFTRA, Statement of Financial Transaction and Reportable Account, Tax, US Compliance, US Reporting, USA Compliance
Indian government, under Mr. Modi’s leadership with a mantra of “Minimum Government, Maximum Governance”, has taken some...
RBI in a bi-monthly Monetary Policy Statement on June 3, 2014, announced 3 important measures...
Election result of India, the Biggest democracy in the World, gave clear mandate to the“Development”...
In a Historical turn of events, India has reached FATCA agreement in substance with the...
Tags Broker, CBDT, Demat, Department of Treasury, DTAA, FATCA, FATCA Agreement, FBAR, FCNR, FD, FEMA, FFA, FFI, Finance Ministry, Financial Account, financial institution, Foreign Account Tax Compliance Act, Foreign Financial Account, Foreign Financial Assets, Foreign Financial Institution, forex, Form 8938, GAO Report, HSBC, IGA, Income Tax, India, Indian American, INR, Insurance, Intergovernmental Agreement, Investment, IRS, Mutual Fund, NRE, NRI, NRI from USA, NRI Investment, NRO, OCI, OVDI, OVDP, Overseas Voluntary Disclosure Initiative, Overseas Voluntary Disclosure Program, Penalty, PIO, RBI, SEBI, Tax, TDS, UBS, US Compliance, US Reporting, USA
Looking at the success of the Leveraged FCNR deposits, increased interest of NRIs of investment...
Tags Bank, Capital Guarantee Plan, FCNR, FD, floating rate, floating rate of interest, foreign exchange, Guarantee maturity, Guaranteed Dollar Return, Income Tax, Investment, Leverage, Leveraged, Leveraged FCNR, LIBOR, LIC, LIC Bonus, Life Insurance Corporation, NRI, NRI Investment, OCI, PIO, RBI, remittance, Repatriation, Secured, Secured Dollar return, Tax, Tax Free Return, TDS
We are honored to have received Two Awards at the Intuit Quickbooks Excellence Awards 2013 in association with...