Any NRI, returning to India, has to follow numerous formalities such as transferring of assets and funds to resident accounts, facing foreign exchange issues, etc. To eliminate such hassles, the Reserve Bank of India (RBI) allows the returning NRIs to open RFC (Resident Foreign Currency) accou...
Thus, this account is best suited for Indians who had earnings and assets in India before moving to another country. You can also open a joint NRO account with a resident Indian on former or survivor basis. Additionally, with banks such as Standard Chartered, you can mandate a resident ...
ensure timely payments. In case you have income-generated property or assets in the country, you will have to pay income taxes as per the Indian IT
investment in foreign currency assets, payment and receipt, the import and export of currency, and the export of goods. The notices highlight approval requirements, restrictions and conditions for certain previously prohibited transactions using the controlled currency. As an aside, a regulatory...
(iii) Transfer of sale proceeds of assets including immovable property acquired out of rupee / foreign currency funds or by way of legacy / inheritance. 21. Terms and Conditions for Direct Tax Payment By availing this facility, I/ we confirm that Bank, can register me/ us for this service...
80% of the assistance to be utilized for creation of fresh loan assets & should be created within 4 months from the date of disbursement ROI on loans granted by borrower (NBFC-MFI / MFI) to eligible small borrower to be min 2% below the maximum rate prescribed by RBI on such loans. Se...
Guidelines. Currently, the country has no specific legal framework regulating the use of cryptocurrencies and crypto assets. As it seems unclear as to whether crypto trading is legal or not, the circulation, trading, and acceptance of cryptocurrencies as payment in Cambodia remains active and ...
There should be a segregation of assets at a level below which the FPI registration is sought, for the FPI to be considered as having segregated portfolio. This eld is required for issue of PAN. While this is ordinarily lled on advice of Tax Consultant of the Applicant Status Individual ...
(iii) Transfer of sale proceeds of assets including immovable property acquired out of rupee / foreign currency funds or by way of legacy / inheritance. 21. Terms and Conditions for Direct Tax Payment By availing this facility, I/ we confirm that Bank, can register me/ us for this service...