After Demonetization, the next focus of Indian government to curb black money is Benami Properties....
“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
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
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
Recent RBI steps in September to stop rupee depreciation have created a new buzz in...
Tags Axis, Bank, Bank account, capital control, credit risk, DBS, Debt, Deposit, Deutsche, DTAA, FATCA, FBAR, FCNR, FD, FEMA, Financial Account, financial institution, Fixed Deposit, Foreign Currency, Foreign Currency Non Resident, foreign exchange, forex, HDFC, ICICI, Income Tax, India, IndusInd, INR, interest arbitrage, Investment, Kotak, Leverage FCNR, Leveraged FCNR, Leveraged FCNR Deposit, NRI, NRI Investment, RBI, Sovereign, swap, swap rate, Tax, USD INR swap, Yes
Recently, due to volatile rupee and favorable currency exchange rates, Banks have been aggressively marketing...
Tags Bank, Compliance, Conversion, Exchange Rates, FCNB Premium Account, FCNR, FD, FEMA, Financial Account, Foreign, foreign exchange, forex, Forward, forward contract, forward cover, HDFC, HDFC NRI, HDFC RupeeMax, ICICI, ICICI NRI, ICICI Rupee Plus, Income Tax, India, IndusInd, Investment, Kotak, NRE, NRI, NRI Investment, NRO, OCI, PIO, Premium Rupee Plan, RBI, Rupee Advantage Plan, Rupee Multiplier, Rupee Plus Plan, Ruppe Max, SBI, Tax, Yes Bank
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