Foreign Exchange Management Act, 1999

Foreign Exchange Management Act, 1999 The legal framework for administering foreign exchange transactions in India is provided by the Foreign Exchange Management Act, 1999. In the winter session of the Parliament on 4 August, 1998, the Foreign Exchange Management Act…

NRI Residential status for the Financial Year 2020 – Covid-19

NRI Residential Status for the Financial Year 2020 - Covid-19 As we are aware, under income tax, the taxability of the income of any person depends upon his residential status during the relevant Financial Year. The residential status of the…

GST Registration for Non-Resident Taxable Person

GST Registration for Non-Resident Taxable Person Non-resident taxable person (NRI) under GST is any person or business or not-for-profit who occasionally undertakes transactions involving the supply of goods or services or both, whether as principal or agent or in any…

NRI Income Tax Return Filing

NRI Income Tax Return Filing A Non-Resident Indian (NRI) is a citizen of India or a person of Indian origin who is not a resident in India. In this article, we review the requirements governing income tax return filing by…