<p>Chartered Accountants India | Cryptocurrency Taxation | NRI Taxation | USDT Arbitrage | UAE Company Incorporation | PF Withdrawl Services | 2026</p>
A Non-Resident Indian (NRI) can open the following bank accounts in India, subject to RBI rules. A person who resides outside India can open an NRO account to carry out genuine transactions in Indian Rupees. Individuals or entities of Pakistan nationality or origin, and entities…
Background and Limits The Liberalized Remittance Scheme (LRS) was introduced by the Reserve Bank of India (RBI) through A.P. (DIR Series) Circular No. 64 dated February 2004, with the objective of simplifying and liberalizing foreign exchange facilities available to resident individuals. Under the LRS, resident…
The Income Tax Department has drawn attention to serious concerns linked to virtual digital assets, including cryptocurrencies, reinforcing the caution earlier expressed by the Reserve Bank of India. The department pointed to issues such as user anonymity, cross-border fund movements, and the difficulty of tracing…