FEMA Consultancy
Contact our experts to solve all your problems and queries related to FEMA!
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UNLOCK GLOBAL INVESTMENT OPPORTUNITIES WITH OUR FEMA SERVICES!
Are you looking to expand your investment portfolio beyond Indian borders? Do you want to capitalize on global opportunities while ensuring compliance with FEMA regulations? At Taxunplug, we specialize in providing comprehensive FEMA services to facilitate your investment ventures outside of India. Our expert team of professionals offers tailored solutions to help you navigate the complexities of foreign exchange management and maximize your investment potential.
Our FEMA Services Include
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Advisory Services
Our FEMA advisory services typically involve providing guidance, recommendations, and expertise to individuals, communities, organizations, and governments to help them mitigate risks, improve preparedness, and enhance resilience against disasters.
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UIN Generation & repatriation advisory for ODI (Overseas Direct Investment)
Our services are aimed at assisting Indian residents or businesses in undertaking overseas direct investments and facilitating the repatriation of funds associated with such investments.
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FLA (Foreign Liabilities and Asset) return filing
FLA return filing is a mandatory requirement under the Foreign Exchange Management Act (FEMA) in India. It pertains to the submission of annual returns by Indian companies/entities with foreign investments or foreign assets to the Reserve Bank of India (RBI). This filing is crucial for monitoring and regulating foreign exchange transactions and investments in the country.
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APR (Annual Performance Report) filing
This is a regulatory requirement mandated by the Reserve Bank of India (RBI) under the provisions of the Foreign Exchange Management Act (FEMA). This filing is mandatory for Indian companies that have received foreign direct investment (FDI) or made overseas investments to report their foreign assets and liabilities annually to the RBI.
WHY CHOOSE US?
Expertise and Experience in FEMA Regulations
Customised Solutions
Risk Mitigation
Efficiency and Timeliness
Comprehensive Support
Strategic Advice
Reputation and Trust
Frequently Asked Questions
All Non-Resident Indians (NRIs), Persons of Indian Origin (PIOs), or Overseas Citizens of India (OCIs), are recommended to file their Income Tax Return (ITR) when they have taxable income in India.
Although, as per the Income Tax Act, 1961, NRIs/PIOs/OCIs are mandated to file an ITR in India only if their total annual income in India exceeds:
- INR 5 lakh as per the existing tax regime or
INR 3 lakh as per the new tax regime (As per Finance Act 2023).
Income earned in India is not limited to income earned within the geographical limits or boundaries of the country. Certain incomes are also deemed to have been earned in India although they may have been earned outside the country.
Yes, NRIs are required to pay advance tax if their tax liability for the financial year is expected to exceed INR 10,000.
Yes, NRIs can claim a foreign tax credit for taxes paid in foreign countries on income that is also taxable in India. Credit is available for taxes paid on the same income in both countries, subject to certain conditions.
In case of resident individuals and companies, their global income is taxable in India. However, non-residents must pay tax only on the income earned in India or from a source/activity in India.
If an NRI fails to file an income tax return, they may be subject to penalties, interest, and prosecution under the Income Tax Act. The tax authorities may also initiate proceedings to assess the tax liability and recover the tax due.
Yes, NRIs are eligible for a tax refund in India if their tax liability is less than the tax deducted or paid in advance.
The following documents are required to be submitted:
- PAN card
- Bank account details (for refund purposes)
- TDS certificates (Form 16/16A)
- Foreign bank account details and financial statements, if applicable
- Investment proofs, such as insurance policies, tax-saving mutual funds, etc.
No, NRIs can avail benefits under either DTAA or the domestic tax laws of a country, but not both together.
We at TaxUnplug are a team of best Tax Consultants, Financial Advisors offering Indian Taxation Services, Income tax filing service to the manufacturers, Traders, Dealers and service providers. We are Tax consultants dealing with services in Income Tax, GST, TDS Returns, NRI / HNI Tax Consultation, Income Tax Notice Management, GST Notice Management, Virtual Accounting, Audit Certifications, Project reports, new company incorporation, Partnership registration and other registrations.
We will complete your work at your choice through phone conversation, WhatsApp or E-mail.