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

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May 21, 2013
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Service tax Amnesty Scheme and recent clarifications by CBEC

The Finance Act, 2013 has provided “Amnesty Scheme for Non Filers and Stop Filers”. Notification No. 10/2013 dated 13th May 2013 brings into action the proposed scheme and notified Service Tax Voluntary Compliance Engagement Rules, 2013. The purpose of this scheme is to encourage voluntary compliance and broaden the tax base. The scheme will be […]

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Jul 25, 2012
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Thank you for the Overwhelming Response!!!!!

In less than 7 weeks since we started tracking visitors on our 2 month old blog, without any promotion, our blog has witnessed Over 1,500 reads Visitors from 53 countries Visitors from every part of the world and ALL continents Average daily 30 quality visitors (any visit less than 120 seconds does not count) Furthermore, one of our […]

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Jul 22, 2012
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SEBI – Restatement of Accounts if Qualified Audit Report

On June 26, Sebi notified that annual accounts of companies that carry a qualification by their auditors will have to go for a restatement. The notification said all such audit qualifications will have to be mentioned in a form (Form A: ‘Unqualified’ / ‘Matter of Emphasis Report’ or Form B: ‘Qualified’ / ‘Subject To’ / […]

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Jul 11, 2012
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No Service Tax on NRI Money Transfers from abroad (Inward Remittance) – CBEC

CBEC (Central Board of Excise and Customs) Circular No. 163/14/2012 –ST dated July 10, 2012 clarified that there is no service tax per se on the amount of foreign currency remitted to India from overseas. This is a good news for NRIs as they will not be charged any service tax on money transfer services provided by […]