From 2014, the Income Tax Act has made it mandatory for any financial institution to...
Tags Budget, BUDGET 2023, CRS, FATCA, FEMA, Income Tax, Income Tax Act, Investment, KYC, KYC change, NRI, NRI Investment, Penalty, reportable account
A lot of people are moving back to India because of multiple reasons like retirement,...
Tags Back to India, FCNR, FEMA, Income Tax Act, Moving to India, NRE, NRI, NRI Investment, NRO, Taxation, wealth
Budget 2017 has proposed many important changes related to investments. Efficient Planning of your equity,...
Tags Bank, Bidget 2017, FEMA, Income Tax, India, India Budget, Investment, Investor, NRI, NRI Investment, NRO, STT, Tax, TDS
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
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
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