FEMA ⁽²⁾

Simplifying Cross-Border Finances for an NRI Client Background Mr. Vemuri, a Non-Resident Indian (NRI), faced challenges in managing funds remitted to India while working overseas. He was concerned about tax exposure, regulatory compliance, and the complexities involved in cross-border financial transactions. To ensure smooth remittance…

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…