Liberalised Remittance Scheme (LRS) is a measure to facilitate Resident Individuals (including minors) to remit funds outside India up to USD 250,000 or its equivalent in any freely convertible foreign currency per financial year (April-March) for any permissible...
1. What are the types of Companies that can be registered in India?–One Person Company (OPC)-Private Limited Company-Subsidiary of a Foreign Company-Public Limited Company-Limited Liability Partnership (LLP)-Non-Profit Organizations (Sec. 8 Companies)-Nidhi Company 2....
India has asked non-resident citizens stranded in the country due to Covid-19 travel restrictions to submit relevant information if they faced double taxation. India's Central Board of Direct Taxes (CBDT) said it received various requests for "relaxation in...
A Foreign National need not be a resident to start a business in India, and there are several ways to set up a new business in India as: Limited CompanyA company in India can be incorporated by a Non-Resident Indian as a Private Limited, a Public Limited or a Wholly...
WHAT IS FRRO REGISTRATION: Registration under FRRO is a mandatory requirement by the Government of India under which all foreign nationals (excluding overseas citizens of India) visiting India on a long term visa (more than 180 days) are required to register...
The Union Budget 2021-22 was presented by the Hon’ble Finance Minister Nirmala Sitharaman on 1st February 2021 in the Parliament. This year’s Budget lays focus on the seven pillars for reviving the economy - Health and Wellbeing, Physical and Financial Capital and...
WHAT IS FRRO REGISTRATION: Registration under FRRO is a mandatory requirement by the Government of India under which all foreign nationals (excluding overseas citizens of India) visiting India on a long term visa (more than 180 days) are required to register...
With the globalization of Indian economy and increase in development of international trade the movement of workers across the world has also been increased. Social security is an important aspect while structuring the international assignments for the employees. Any...
The valuation of goods is always a matter of concern especially where the goods are imported into India. The value determination may influence the price of goods in India and may impact the competition environment in India. Therefore, proper valuation by custom...
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