Tag Archives: NRI Tax Services Bangalore

  A citizen of India resident out of India is called as Non Resident Indian (NRI). Reserve Bank of India (RBI) frames regulations to acquire or transfer immovable property in India by person residents outside India.   As per the latest circular issued by RBI (as on 2014) the following …

  Foreign companies are allowed to set up a branch office in India. But unlike the case of setting up a company, a branch office requires an approval from the Reserve Bank of India (RBI). Only upon getting the branch license from RBI, the foreign company is allowed to commence …

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 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, …

If you are buying property (such as site or house or flat) from a NRI, you have to do TDS (Tax Deducted at Source) @ 20% on the sale value of the property. The seller or the buyer can apply to Income Tax department (International Tax Ward) for determination of the …

  Check whether the seller has PAN: Seller has to necessarily obtain Permanent Account Number (PAN). So, at the time of finalizing the transaction, we suggest you to take a copy of PAN card of the seller. If the seller is not having one, he has to apply for PAN …

The applicable rules for investment in a partnership firm or a proprietary concern under FEMA are summarized below –  Automatic route – As per FDI policy of India, A Non-Resident Indian (NRI) or a Person of Indian Origin (PIO) resident outside India can invest by way of capital of a firm …