An increase in Tax collected at Source to 20% on the remittance of money under Liberalised Remittance Scheme (LRS) has been a major amendment in the Union Budget 2023. In addition, vide Notification dated 16th...Read More
On 16th May 2023, Department of Economic Affairs, Ministry of Finance issued a notification making an amendment to the Foreign Exchange Management (Current Account Transactions) Rules, 2000. The notification omitted Rule 7 of the Foreign...Read More
Non Resident Indians (NRIs) has played a significant role in the empowering of our nation either through foreign remittance, technology transfer, investment, development, etc. With the objective of promoting them, the Government ensures to simplify...Read More
Non Resident Indians (NRIs) always scout for options to invest their foreign exchange earnings in the Indian market. Investment in real estate has always been the preferred choice for the NRIs, especially after the rupee...Read More
In accordance with the Foreign Exchange Management Act, 1999, a resident outside India is not allowed to hold a savings account in India. When a person resident in India leaves for: Employment outside India; or...Read More
