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Disclosure of Foreign Assets in ITR – Schedule FA Explained
Do You Hold Assets in a Foreign Jurisdiction? In today’s globalized economy, it’s increasingly common for Indian residents to hold assets overseas whether it's foreign bank accounts, shares, mutual funds, or property. However, with global holdings come domestic tax responsibilities.…
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Converting a Partnership Firm to Private Limited Company in India [2025]
Introduction Are you considering transforming your partnership firm into a private limited company? This strategic business decision can unlock numerous benefits including limited liability protection, enhanced fundraising capabilities, and improved tax efficiency. In India, a Partnership Firm has long been…
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FDI & ODI Swap following Budget 2024
Following the recent budget announcement, which aimed to simplify regulations for Foreign Direct Investment (FDI) and Overseas Investment (ODI), the Department of Economic Affairs has amended the FEMA (Non-debt Instruments) Rules 2019. A significant aspect of this amendment is the…
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