Foreign companies who want to do business in India have the option of setting up a subsidiary company or branch office. They can bring in funds through automatic route or through government route. In this article, we will write about the basics of foreign investment in India   Nature of …

This information may not go well with Government employees. As I understand, many of the employees are in ‘cursing’ mode – why did we elect Mr. Modi’. He is asking us to clean the office. One of my relatives is working for Post Office at Bangalore. He was telling me …

FDI means investment in the capital of an Indian company by non-resident entity or person resident outside India. A non-resident entity/person can invest in India, subject to the FDI Policy except in those sectors/activities which are prohibited. Department of Industrial Policy and Promotion, Ministry of Commerce and India, Government of …

In one of my previous articles, I had mentioned about the criteria for selection of cases for scrutiny at Income Tax department. The department issue notices under Computer Aided Scrutiny Selection (CASS) to the taxpayers based on the information gathered from Annual Information Returns (AIR). Also, the department picks up …

Death is certain; date of death is not certain! So, one can’t have a planned death. What is possible is ‘planning’ in case of death! One of my clients passed away recently. He was one of the 4 shareholders (and directors) of a private limited company. The surviving directors met …

This is a very confusing topic. The more you read, the more you get confused. So, to read less and to get less confused, go through this short note! Life Insurance Premium Coverage – For tax benefit u/s 80C of Income Tax Act, Individual Taxpayer can pay life insurance premium …

  Entry Age: The pension is not for youngsters, So the minimum entry age for this scheme of Life Insurance Corporation (LIC) is 60 years. Those who are 60 years old can contribute to this scheme on or before 14th August 2015. Payment: Obtaining this policy is very simple. The …

During my school days, 29 years ago, I used to watch school and inter-school Kabadi matches. After that, it was only yesterday I watched a Pro-Kabadi match at Kanteerava Stadium, Bangalore. Thanks to the organizations for bringing ‘glamour’ to a desi game. Before writing about Kabadi, let’s wish that our …

This question is frequently asked by many clients. Money brought from abroad into NRE and FCNR account – is freely repatriable without any restriction and without any approval from RBI Current Income earned in India – The current income includes dividend earned from shares, rental income, pension, Interest on deposits, …