NRI Investments, NRI Taxation, TDS, Remittance, Repatriation, NRI Real Estate, RBI, FEMA, Business Set up, WOS

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Nov 24, 2013
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Awards Received – ACCOUNTANT OF THE YEAR and CUSTOMER CENTRIC BUSINESS OF THE YEAR

We are honored to have received Two Awards at the Intuit Quickbooks Excellence Awards 2013 in association with Bloomberg TV India at Delhi on 21st November 2013. Naresh J Patel & Co, Chartered Accountants received “ACCOUNTANT OF THE YEAR” and for NRI Advisory received “CUSTOMER CENTRIC BUSINESS OF THE YEAR”. At the event, total of Six Excellence Awards […]

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Sep 06, 2013
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15CA/CB rules revised Again: 15CA/CB May NOT be required for NRO to NRE transfer

CBDT vide notification 67/2003 revised the rules and procedures AGAIN for payment to NRI. And this time, for good. The updated rule will also be effective from October 1, 2013. I hope they do not change the rules again. 1. As per the revised rule, Form 15CA/CB is applicable only if a person responsible for paying […]

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Jun 17, 2015
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Understand how RBI uses UCIC to monitor and regulate NRI’s banking accounts

Until recently, NRIs were maintaining multiple bank accounts with multiple residential statuses. They would maintain one account as a non-resident to earn tax free income (NRE account) and another account as a resident to avoid any TDS and related FEMA and Income Tax compliance on local funds. Further, NRIs would also invest in equity and […]

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May 14, 2015
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NRO to NRE transfer Update: 15CB/15CA required for Both “Taxable” and “Non Taxable” Transfers

From June 1, 2015, any person making a payment to a non-resident, including an NRI transferring funds from NRO to NRE account would be required to obtain a certificate from a Chartered Accountant in form 15CB and file form 15CA to the income tax department. On May 14, 2015, the President of India gave […]

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Mar 20, 2015
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IFRS now reality – Get Ready!!!

On February 16, 2015, the ministry of corporate affairs notified the Indian version of International Financial Reporting Standards (IFRS), to be referred as Ind AS. 39 IND AS are issued aimed at convergence of the Indian accounting framework with globally recognised IFRS. It is not full adoption of IFRS, but only convergence. These set of […]

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Jan 11, 2015
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Setting up Business in Vibrant Gujarat & Incredible India

Setting up Business in Vibrant Gujarat & Incredible India 7th Vibrant Gujarat Summit, has well begun today on 11th January 2015 at Mahatma Mandir, Gandhinagar, Gujarat, India. At this time, it is imperative to know the key facts of Gujarat and various entry options available for setting up business in Gujarat. Facts of Gujarat: ü […]