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

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Jun 13, 2012
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FBAR 1: Understanding and Complying with FBAR (Reporting of Foreign Financial Accounts)

Steps for FBAR Compliance: 1. List investments made in foreign countries and money in foreign accounts/investments 2. Determine which foreign financial accounts to be included for respective filing (FBAR 2) 3. Verify if FBAR is applicable based on filing status and reporting threshold (# 5, 6, 7) 4. Gather information required of each of your […]

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May 24, 2012
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15 Important Recent Changes affecting NRIs by RBI and Indian Government

RBI and Indian Government Agencies have made a lot of changes affecting NRIs and NRI Investments in last 8 months. I have selected 15 and have summarized them in the following table for easy understanding. 15 Important Changes affecting NRIs by RBI and Indian Government # Date Topic Detail Effect / Benefit Bank Accounts 1 10-May-12 […]

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May 23, 2012
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RBI allows transfer from NRO to NRE account

As per RBI’s notification RBI/2011-12/536 dated May 7, 2012, NRIs are eligible to transfer funds from NRO account to NRE account within the overall ceiling of USD one million per financial year subject to payment of tax. Such credit of funds to NRE account shall be treated as eligible credit. I believe it is really helpful for both Indian […]

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May 22, 2012
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