by Mukesh Bansal | Mar 18, 2025 | FEMA
FEMA Perspective Non-Resident Indians (NRIs), Overseas Citizens of India (OCIs), and certain foreign nationals can acquire and transfer immovable property in India under specific guidelines as below: A. Acquisition of Immovable Property by NRIs and OCIs 1. Acquisition...
by Mukesh Bansal | Mar 10, 2025 | FEMA
Residential Status – Multiple Countries with Double Taxation Avoidance Agreements (DTAA) Benefits I. Tax Residency under Foreign Laws After determining their residential status in India, an individual should also assess their residential status according to the local...
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 4, 2022 | FEMA
RBI clarifications under Foreign Exchanges Management Act (FEMA) for start-ups for issues of shares against legitimate payments owed by start-ups and accepting payments by foreign subsidiaries of such start-ups against export and other dues. As announced in sixth Bi...
