Popular Accounts for NRIs in India: NRE, NRO, and FCNRNRE (Non-Resident External) AccountNature: External account, fully repatriable in foreign currency.Purpose: Maintain funds in Indian rupees converted from foreign currency.Types: Can be opened as savings, recurring, or fixed deposit accounts.Tax Benefits:…
FATCA (Foreign Account Tax Compliance Act), requires all foreign financial institutions (FFIs) to enter into an agreement with the US government and disclose foreign account information of US citizens and green card holders, as they are liable to taxation of worldwide…
Valuation is the process of determining the worth of a business or financial asset, and it involves a significant amount of judgment. In India, only a Registered Valuer, registered with the Insolvency and Bankruptcy Board of India (IBBI), is authorized…