FDI or Foreign Direct Investments is an investment in the form of controlled ownership in a business in another country. There are two routes by which India gets FDI. 1. Automatic route: By this route, FDI is allowed without prior approval by Government or…
FEMA or Foreign Exchange Regulations Act, 1999.: The object of the Act is to consolidate and amend the law relating to foreign exchange with the objective of facilitating external trade and payments and for promoting the orderly development and maintenance of foreign…
NRE (Non-Resident External)and NRO (Non-Resident Ordinary) accounts are popular with NRI. While the NRE is an external account and is repatriable in foreign currency, the NRO is the Resident account and cannot be repatriable. NRO and NRE Account can be opened as a Savings, recurring, or fixed deposit account. Interest earned on NRO is taxable and TDS @ 30%…