Over the recent weeks, I have set a record of sorts. My maiden venture into the field of entrepreneurship was a huge step forward, but a risk none the less.
I am now quite happy for several reasons. The first one being my concept of learning and
We often wish that we could hold accounts in the currency of our choosing. The good news is we are getting there. India in now convertible on current account, while we are partially convertible on capital account. More in later posts on current
2nd September 2011
Interbank Mobile Payment Service (IMPS)was launded for the public on 22nd November 2010 .
IMPS offers an instant, 24X7, interbank electronic fund transfer service through mobile phones. IMPS facilitate customers to use
What type of account do I open?
Uses of these accounts
What do I do when I sell a Property
NRO vs NRE - What is this....
CASE STUDY: A Client was to proceed overseas the purpose of employment. What must he do?
Have you wondered what happens to ATM’s cash supply when the entire banking industry is paralyzed by strikes (which plague us quite often.)?
RBI recognizing this as a major issue has issued guidelines to banks on the following
CAN A NRI/PIO REMIT PROCEEDS OF SALE OF PROPERTY IN INDIA FROM HIS NRO ( NON RESIDENT ORDINARY RUPEE ACCOUNT).
NRI/PIO may remit an amount, not exceeding USD 1 million per financial year, out of the balances held in NRO accounts /
When a person resident in India wishes to make remittance to non-residents, such remittances can be made by banks if the person making the remittance furnishes an undertaking, accompanied by a certificate from a Chartered Accountant (“CA
This is a question posed by a participant in CA Club :
I used to work in India for almost 10 years before moving to USA and so the salary that I had received in India during that time, is also in the NRO account. Will this come under
Inward remittances in foreign currency.
By and large, inward remittances are permitted without any restrictions. However, certain remittances towards capital account are regulated i.e. External commercial borrowing and inward remittance towards
Incoterms® - International Commercial Terms
The Incoterms rules are an internationally recognized standard and are used worldwide in international and domestic contracts for the sale of goods. First published in 1936, Incoterms rules provide
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