Blogs

Mobile Wallet in India

In view of Digital India, the number of digital transactions is increasing each year at a very significant rate. Our Nation embrace the culture of cashless transactions. Nowadays, people prefer using a Smartphone to make payments instead of utilizing traditional paper currency and avoid that bulky & heavy wallets. The platform of mobile wallets is not only convenient for users, but it has also created a career opportunity for aspirants. So, before understanding the Mobile Wallet Business Model lets understands the what is the mobile wallet.   Understanding of Mobile Wallet: - A mobile wallet is a way to carry cash in digital
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NEW OVERSEAS DIRECT INVESTMENT REGIME

In the era of Globalization, When the Indian Economy move at expeditiously rate at international platforms the term of ODI comes into the conversation frequently. Ahead of that current Union Budget 2023, one of the historic budgets since the 1990s provides the more opportunity of investment in overseas.Therefore Importance and understanding of the ODI is become essential to the investors. Accordingly RBI become more cautious for the regulations and rules related to the investment because each transaction of ODI drain huge amount of finance from one country to another country. So, the government issued recently the “New Regime
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Mind it: Indian Tax Authorities are after your notional rental income from property situated in India and in abroad (foreign territories)

06th April 2021Many resident individuals are now being questioned by Indian Tax Authorities about income whether actual or deemed from properties abroad. It therefore becomes important for those owning property situated outside India to understand about their tax liability in India in respect of income from such property situated outside India, whether actual or deemed income.A person resident in India is liable to pay tax in India on his global income. For computing income from house property, the Indian income tax law does not make any distinction between house properties situated in India and those situated outside India.
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Registration Requirements for Foreigners while staying in India

Foreign National / Person of Non-Indian OriginRegistration Requirements for Foreigners while staying in IndiaAll foreign nationals including foreigners of Indian origin, visiting India and intends to stay in India for over 180 days are required to register with Foreigner Regional Registration Office (FRRO) or Superintendent of Police (SP)/Districts. The registration process is completed on the same day unless the registration officer requires a field enquiry or other checks to satisfy himself about the bona-fide of the visitor. A residence permit is issued for the duration of the period specified in
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