<p>NRI Taxation Services | NRI Income Tax Filing | NRI Notice Handling | NRI Scrutiny & Assessment | NRI Appeal before CIT(A) | NRI Capital Gains Tax India | TDS on NRI Income | DTAA Advisory for NRIs | Repatriation of Funds | FEMA Compliance for NRIs | NRI Tax Litigation | NRI Refund Advisory | Income Tax Notices for NRIs | International Tax Advisory India | CA Certification for NRIs</p>
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…
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…