by Mukesh Bansal | Mar 6, 2025 | FEMA
Bank Accounts and Deposits for NRIs in India Non-Resident Indians (NRIs) can open various types of bank accounts in India to manage their financial transactions efficiently. These accounts cater to their specific needs and are classified as follows: Non-Resident...
by Mukesh Bansal | Feb 24, 2025 | FEMA
Introduction For any individual undertaking any transaction in India or outside India, the most critical issues are the taxability of the transaction from a tax point of view and its permissibility from a FEMA perspective.Before addressing complex issues related to...
by Mukesh Bansal | Feb 5, 2022 | Digital Economy
Prior to introduction of finance bill 2022 there was no clarity in tax regulations for tax treatment for virtual digital assets popularly knows as Crypto assets. There was no clear definition and understanding for recognition of various available and new age tech...
by Mukesh Bansal | Feb 5, 2022 | Digital Economy
RBI warns against use of LRS scheme by individuals for forex trading on unauthorized platforms. Country central bank RBI has warned people undertaking transaction for the purpose other than those permitted under the Foreign Exchange Management Act, (FEMA) or on...
by Mukesh Bansal | Feb 4, 2022 | Direct Tax
India currently is on the verge of the biggest Indirect tax reform since independence whereby the erstwhile regime of multiple taxes on manufacture / sale / supply of goods is being replaced by a common Goods & Service Tax GST on supply of goods and services. For...
