On August 5, 2013, CBDT (Central Board of Direct Taxes) changed the rules, procedures and...
Tags 15CA, 15CB, Bank, BSR Code, 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 exchange, Foreign Payment, forex, Form 15CA, Form 15CB, Gift, Income, Income Tax, Income Tax Act, India, Indian Currency, INR, Investment, money exchange, money transfer, 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, Revised procedures, Specified List, Tax Free, Taxable, TDS, Verification
On August 14, 2013, RBI made 5 important changes to address the depreciating rupee. Whenever...
Tags Bank, currency, FCNR, FD, FEMA, Financial Account, financial institution, foreign exchange, Income Tax, India, Investment, IRS, Liberalized Remittance Scheme, LRS, NRE, NRI, NRI Investment, NRO, OCI, PIO, RBI, Tax
Recent Steps by RBI to curb rupee depreciation (reduce gold import and tight liquidity in...
Tags Bank, Debt, Equity, FCNR, FD, Fixed Deposit, Foreign Currency, foreign exchange, forex, Income Tax, India, Interest Rate, Investment, Mutual Fund, NRE, NRI, NRI Investment, NRO, RBI, Repo Rate, Yield
On February 28, Indian Budget 2013 was presented in the Parliament. I have selected 15...
Tags Additional interest, Budget, Budget 2013, Budget and NRI, Budget Highlights, Capital Asset, Commodity Transaction Tax, CTT, Customs, DDT, distributed earnings, Dividend Distribution Tax, Duty free gold, Highlights, Income Tax, India, Investment, Investment Allowance, NRI, NRI Investment, royalty, rupee denominated infrastructure bonds, Securities Transaction Tax, Service Tax, STT, surcharge, Tax, TDS, TDS on immovable property, Urban Land, Wealth Tax
Individual Mutual Fund Investors, who completed KYC prior to Jan. 1, 2012, are required to...
Tags AMFI, Compliance, CVL, CVL KRA, CVL MF, DP, In-Person Verification, India, Investment, IPV, KRA, KYC, KYC change, Mutual Fund, Mutual Fund Investment, NRI Investment, SEBI, Update
A lot of NRIs have shown interest in transferring funds from NRO to NRE since...
On July 18, 2012, Reserve Bank of India (RBI) vide notifications RBI/2012-13/136 and 137, DBOD.Dir.BC. 29...
Tags Additional interest, Bank, Bank Staff, FCNR, FCNR (B), FD, Fixed Deposit, India, NRE, NRI, NRI Investment, NRO, OCI, PIO, RBI
I have been receiving lot of inquiries whether to transfer, when to transfer, whether to...
Tags Bank, CA, Certificate, DTAA, FD, FEMA, Finance Act, Gain, Income Tax, Income Tax Return, India, Interest, Investment, ITR, NRE, NRI, NRO, NRO to NRE, OCI, Penalty, PIO, Premature Withdrawal, RBI, return, Tax, Tax drag, Tax rate, TDS, TRC, Update, Withdrawal penalty
RBI and Indian Government Agencies have made a lot of changes affecting NRIs and NRI...
As per RBI’s notification RBI/2011-12/536 dated May 7, 2012, NRIs are eligible to transfer funds from NRO account...