FAQs on the new -Liberalized Remittance Scheme

NRIsFAQ

                      By Accommodation Times News Service Q.1. What is the Liberalized Remittance Scheme of USD 125,000? Ans. Under the Liberalized Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 125,000 per financial year (April – March) More...

by admin | Published 3 years ago

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By admin On Saturday, August 16th, 2014
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Non Resident Indian –FAQs on Income Tax for AY 2014-15

By CA Chirag Chauhan Q) Who is NRI as per Income Tax Act? A) Residential status of an individual or HUF or a company is of great importance in Indian Income Tax Act as the liability to pay tax in India More...

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By admin On Saturday, August 16th, 2014
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Wills by Non- Residential Indians

            By Avikshit Moral & Mustafa Motiwala  Indians today are more mobile than ever before, migrating to most parts of the world. Asset ownership across borders is also More...

By admin On Tuesday, September 10th, 2013
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Taxation Aspects for NRIs, PIOs, Foreigners

By Accommodation Times News Service NRIS, PIOs and Foreigners in India are liable to pay taxes which include the Property Tax, Income Tax, Service Tax, Capital Gains Tax and the Wealth Tax. The Income Tax Act, 1961 More...

By admin On Friday, July 6th, 2012
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Acquisition and transfer of immovable property in India by NRIs/PIOs/Foreign Nationals: Latest Amedments

By Accommodation Times Bureau s/PIOs/Foreign Nationals of Non-Indian Origin Master Circular No. 4/2012-13, dated 2-7-2012 Acquisition and transfer of immovable property in India by NRIs/PIOs/Foreign Nationals More...

By admin On Thursday, March 29th, 2012
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Overseas Investments by Resident Individuals – Liberalisation / Rationalisation

By Accommodation Times Bureau RBI/2011-12/474 A. P. (DIR Series) Circular No.97, Dated -March 28, 2012 Overseas Investments by Resident Individuals – Liberalisation / Rationalisation Attention of the Authorised More...

By admin On Saturday, January 21st, 2012
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Compounding of Contraventions under FEMA, 1999

RBI/2011-12/357 Master Circular No.8 /2011-12 July 01, 2011 (Updated as on January 20, 2012) To, All Authorised Dealer Category – I banks and Authorised Banks Madam / Sir, Master Circular on Compounding More...

By admin On Thursday, September 1st, 2011
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Initiatives for Overseas Indians

INDEPENDENCE DAY 2011 The Overseas Indian Citizenship (OCI) Scheme was formerly launched in January, 2006 by amending the Citizenship Act, 1955 to facilitate life long visa free travel to India and certain More...

By admin On Tuesday, December 21st, 2010
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NRI can remit upto 1 Million dollar from sale of inherited property

In the recent past, the Reserve Bank of India (RBI) has revised the maximum amount that can be sent abroad without special permissions. However, these properties should not be agricultural land, a farm house or More...

By admin On Saturday, February 20th, 2010
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Advance ruling on taxability of salary of Indian working abroad

An individual who resides in India for a period of less than 182 days during the previous year and is residing outside India for the purpose of employment, then irrespective of the fact of his presence in India More...