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NRI & FEMA

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Compounding of Contraventions under FEMA, 1999

Written on 21 Jan, 2012 at 13:52 in NRI & FEMA | viewed 0 times | 0 Comments

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 of Contraventions under FEMA,... (Continue reading)

Initiatives for Overseas Indians

Written on 1 Sep, 2011 at 14:22 in NRI & FEMA | viewed 2 times | 0 Comments

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... (Continue reading)

NRI can remit upto 1 Million dollar from sale of inherited property

Written on 21 Dec, 2010 at 12:45 in NRI & FEMA, Real Estate News | viewed 12 times | 0 Comments

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 a plantation. An NRI/PIO is... (Continue reading)

Advance ruling on taxability of salary of Indian working abroad

Written on 20 Feb, 2010 at 11:35 in NRI & FEMA, Real Estate News | viewed 46 times | 1 Comment

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 for the... (Continue reading)

Engaging Overseas Indians

Written on 9 Feb, 2010 at 12:27 in NRI & FEMA, Real Estate News | viewed 9 times | 0 Comments

P.K. Mohanty** India’s engagement with its overseas community has been mainstreamed with the establishment of a focal Ministry – the Ministry of Overseas Indian Affairs (MOIA) – for all matters relating to overseas Indians. The Ministry’s mandate is to serve... (Continue reading)

Acquisition and Transfer of Immovable Property by NRIs

Written on 2 Sep, 2009 at 17:24 in NRI & FEMA | viewed 26 times | 0 Comments

Acquisition and Transfer of Immovable Property in India by a person resident outside India. By Mr. Niraj Vimal Punmiya, Advocate & Mrs. Dimple Niraj Punmiya, C.A. I. Regulations / Directions issued by Reserve Bank of India Q.1 Where can one find regulations /... (Continue reading)

Overseas Citizenship of India

Written on 24 Aug, 2009 at 17:37 in NRI & FEMA | viewed 31 times | 0 Comments

OVERSEAS CITIZENSHIP OF INDIA – AKSHEY KUMAR Akshey Kumar* 15:11 IST The 4th Pravasi Bhartiya Diwas at Hyderabad will make a history when the first Overseas Indian Citizenship Certificate will be handed over by the Prime Minister, Dr. Manmohan... (Continue reading)

FEMA for NRIs

Written on 12 Aug, 2009 at 16:24 in NRI & FEMA | viewed 132 times | 1 Comment

FOREIGN EXCHANGE MANAGEMENT ACT (FEMA) And BUYING AND SELLING OF IMMOVABLE PROPERTY IN INDIA 1. Foreign Exchange Management Act, 1999 has come into force from 1st June, 2000 replacing the earlier Act of Foreign Exchange Regulation Act, 1973. The Reserve... (Continue reading)

Real Estate Investment for NRIs

Written on 11 Aug, 2009 at 17:58 in NRI & FEMA | viewed 38 times | 0 Comments

Real Estate Investment for NRIs Rajkumar S. Adukia Chartered Accountant radukia@vsnl.com Investing in immovable properties in India is not a Herculean task for the NRIs anymore. We have come a long way from the days of FERA (Foreign Exchange Regulation Act) regime, when buying... (Continue reading)

Acquisition and Transfer of Immovable Property by NRI

Written on 11 Aug, 2009 at 17:49 in NRI & FEMA | viewed 77 times | 0 Comments

Acquisition and Transfer of Immovable Property in India by a person resident outside India. By Mr. Niraj Vimal Punmiya, Advocate & Mrs. Dimple Niraj Punmiya, C.A. I. Regulations / Directions issued by Reserve Bank of India Q.1 Where can one find regulations /... (Continue reading)

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