Earning as an Indian resident trader from foreign prop firms can be a lucrative opportunity, but it requires careful attention to tax and compliance to avoid scrutiny. Based on the expert advice provided, here’s a detailed breakdown of how to stay tax-compliant and avoid red flags. 1. Understanding Your Income 2. Receiving and Managing Funds … Read more
The recent Budget 2024-25 has significantly altered the tax landscape for Non-Resident Indians (NRIs selling property in India. Previously, NRIs enjoyed an indexation benefit for long-term capital gains (LTCG), which adjusted the purchase price for inflation, reducing taxable gains. This benefit has now been removed for property sales occurring on or after July 23, 2024. … Read more
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTNOTIFICATIONNew Delhi, the 24th June, 2025Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025No. FEMA 23(R)/(6)/2025-RB In exercise of the powers conferred by Section 7 and clause (b) of subsection (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of … Read more
Directorate of Enforcement (ED), Chennai Zonal Office has issued seizure order underSection 37A of FEMA, 1999 seizing immovable property in the name of M/s. RR IndustriesLimited to the extent of Rs.16.19 Crore (approx.).ED initiated investigation in the case of M/s. RR Industries PTE Limited under theprovisions of Foreign Exchange Management Act, 1999 on the basis … Read more