Don't Worry , Be Happy !
The RBI has under Liberalized Remittance Scheme allowed all resident Indians to invest abroad in all kinds of investment except prohibited items . The limit of remittance abroad without approval of RBI is upto US Dollar 2,00,000 in one financial year. So now an Indian resident can approach its bank for remitting US Dollar 2,00,000 for following types...
Non Resident investor enjoy ! The Finance Act 2012 has brought a great tax relief for all non resident investors who have private limited company or closely held public company shares or have invested in debentures or bonds . This is because any sale of unlisted shares,bonds or debentures or marketable securities, after 01/04/2012 will...
Budget 2012-13 has a very strong provision for curbing black money practices. One of the easiest way to convert black money to white was through share premium of private limited companies which used to create a company, accepting huge premium on a very small paid up capital and then selling the company at very small [...]
Form 49AA is the new PAN application form for non residents for the purpose of allotment of PAN to Non Resident. This is done by modifying the Rule 114 of Income Tax Rules which is for allotment of PAN. CBDT has issued Notification No. 56 dated 17 October 2011 which now prescribes the documents as...
Can you imagine a company being incorporated in 24 hours? The Ministry of Corporate Affairs is taking every step to simplify the procedures and fastening the various processes. Another step taken in this direction by the Ministry is changing the incorporation procedures to facilitate incorporation in 24 hrs. It is expected that the immediate online...
Disability deduction u/s. 80DD of the I.T Act for expenses on maintenance ,nursing or medical … [Read More...]
Capital gains exemption u/s 54 provides relief to a tax payer who gets gains on account of sale of … [Read More...]
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