How can NRIs transfer mutual fund redemption proceeds from NRO to NRE account?

Expert advises that NRIs should invest directly from an NRE account, instead of routing funds through an NRO account, as this ...
Tax Guru

Tax on international payments as per Income-tax Act, 1961

Explains why TCS under section 206C(1G) applies to overseas remittances and tour packages. The key takeaway is that TCS is a ...
Business Line

SC upholds Madras HC ruling on no prosecution of CA under PMLA

In a big relief to Chartered Accountants (CA), the Supreme Court has upheld a ruling by the Madras High Court stating that CAs can’t be prosecuted under the Prevention of Money Laundering Act (PMLA) ...
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Fake CA forms, real remittances: Inside Rs 700 cr ‘fraud’ in which ED secured 1st Interpol Purple Notice

New Delhi: In the first week of August 2020, ICICI Bank alerted a Delhi-based chartered accountant (CA) about a company submitting a 15CB certificate—purportedly issued by the accountancy firm he runs ...
Mint

Can I transfer a gifted amount from the NRO account to a foreign bank account?

My relative has gifted me some amount in my NRO (non-resident ordinary) account from her NRO account. I want to transfer this amount to my foreign bank account. Do I have to obtain CA certificate for ...
Tax Guru

Form 15CA & 15CB – An Overview

In an increasingly globalized world, where cross-border transactions are becoming the norm rather than the exception, ensuring transparency and compliance with tax regulations has become paramount for ...
Mint

What is form 15CB and when is it required?

Form 15CB is a certificate that is required from a chartered accountant, in case money is being remitted outside from India. The form 15CB certifies that tax has been paid on the amount that is being ...