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
Since the Foreign Account Tax Compliance Act (FATCA) came out in 2010, US Government has...
Tags 8938, Compliance, Department of Treasury, FATCA, FBAR, FFA, FFI, Financial Account, financial institution, Foreign, Foreign Account, Foreign Account Tax Compliance Act, foreign exchange, Foreign Financial Account, H1B/L1, Income Tax, India, Investment, IRS, NRI, NRI Investment, US Citizen, US Person, US Reporting, US reporting account, US Resident
With FCNR rates regulated by RBI and volatile foreign currency market, a lot of banks...
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
Currently, there are lots of negatives news, events and circumstances related to Indian Market such...
FBAR Requirement: In simple terms, US Citizens and resident aliens (i.e. anyone filing Form 1040)...
Tags Asset, Compliance, Department of Treasury, FBAR, FFA, Financial Account, Foreign, foreign exchange, Foreign Financial Account, Investment, IRS, NRE, NRI, NRI Investment, NRO, OCI, PIO, US Reporting