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

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Jan 05, 2015
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Tax Drag – Compounding of Income Tax and Importance of Higher After Tax Return

he prime objective for investing in India is to increase the risk adjusted after-tax return. The key is the AFTER-TAX return. While an investor may think, everyone pays income tax and it is a part of the investment; tax means money out of his pocket that is not coming back. It is very important to […]

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Jan 03, 2015
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Which ‘YEAR’ is this? Understanding Assessment Year (AY), Financial Year (FY), Previous Year (PY) and Preceding Year

A “Year” is very important. The Income Tax Act (ITA) and Foreign Exchange Management Act (FEMA) both mention various years, such as Assessment Year, Previous Year, Financial Year, Calendar Year, Preceding Year, etc. The deadlines, reporting requirements, limits, etc. are prescribed based on a “Year”. It is very important to understand the differences between the […]

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Jan 03, 2015
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Who is ‘Your’ Relative? – Detailed analysis of Relative definition for Gift, Income Tax and FEMA

The definition of Relative is different in different Acts and also for different provisions. Also, the definition changes based on the point of view. For example, if Umang is Aanya’s mother’s brother; Umang is a relative to Aanya but Aanya may not be a relative to Umang. This couldeasily confuse anyone. Let us understand the […]

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Jan 03, 2015
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Which Act to Use – Income Tax Act (ITA) or Foreign Exchange Management Act (FEMA)?

Foreign Exchange Management Act (FEMA) and the Income Tax Act (ITA) have different definitions, provisions, rules, regulations, procedures and requirements. The definition of Resident or residential status is just one of the many examples. FEMA regulates anything related to foreign exchange; whereas, the ITA regulates anything related to taxation. For any investment related questions by […]