post-NRO Account and Income Tax on this type of NRI Account
NRO Account and Income Tax on this type of NRI Account

As Interest Rates in India are higher as compared to the western countries, many NRI’s have a preference for investing in India. To make use of these high differences in Interest Rates in India and other developed countries, NRI’s prefer...

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post-TDS & TCS on Foreign Remittance – 10% & 20% (with example)
TDS & TCS on Foreign Remittance – 10% & 20% (with example)

TCS of 20% is applicable on all foreign remittances made under the Liberalised Remittance Scheme after 1st Oct 2023. Earlier the rate of TCS was 5% but it has now been increased to 20% with effect from 1st Oct 2023....

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post-0% Customs Duty in Dubai for Import from India
0% Customs Duty in Dubai for Import from India

Having a Customs Code is mandatory requirement for all businesses who are Importing or Exporting Goods in Dubai. This registration is done with the Customs Dept of the Emirate in which your company is registered. Thus, if your company is...

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post-Cheapest Option for Intl Money Transfer from Dubai Company
Cheapest Option for Intl Money Transfer from Dubai Company

A lot of people setup companies in Dubai to do Global Trade as sending and receiving funds from Dubai is fairly easy. However, it is important to note although sending and receiving funds is easy, the UAE based banks do...

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post-Capital Gain Tax Harvesting: Is it legal in India?
Capital Gain Tax Harvesting: Is it legal in India?

Capital Gains Tax Harvesting is strategy in which the Investor sells the Capital Asset to take the benefit of Tax Exemptions. By following this strategy, a person can easily save upto Rs. 10,000 in each financial year and a lot...

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post-NRI Account in Indian Banks – NRE, NRO, FCNR Account
NRI Account in Indian Banks – NRE, NRO, FCNR Account

With the Interest Rates in India being significantly higher side as compared to other developed Countries like the US, UK, Canada etc., many Indians staying in these countries prefer to park their excess funds in India to earn a handsome...

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post-7 Incredible Benefits of UAE Residence VISA and Emirates ID
7 Incredible Benefits of UAE Residence VISA and Emirates ID

If you are staying in UAE, it is mandatory for you to have a Residence VISA and an Emirates ID. The Emirates ID is a very important document and is issued by the Federal Authority for Identity, Citizenship, Customs and...

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post-How Can Tax Deductions Help Maximise Your Savings?
How Can Tax Deductions Help Maximise Your Savings?

Tax deductions function as a valuable tool in the personal finance domain, allowing individual taxpayers and companies to lower their taxable earnings legally and the applicable tax payment. In addition, leveraging income tax deductions can considerably affect your financial position,...

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post-An in-depth analysis of the Liberalised Remittance Scheme (LRS)
An in-depth analysis of the Liberalised Remittance Scheme (LRS)

In March 2023, remittances totaled $2.95 billion, up from $2.1 billion in February 2023 and $1.96 billion in March 2022. At the core of these payments lies LRS.  LRS’s full form in banking is the Liberalised Remittance Scheme, an initiative by the...

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post-Unlock Financial Freedom Now: Open Your Zero Balance Account Online in Minutes
Unlock Financial Freedom Now: Open Your Zero Balance Account Online in Minutes

The days of tedious paperwork and long in-branch processes are over. Thanks to technology, opening a zero-balance bank account online in minutes is a major advancement in banking accessibility in the digital age. If you are wondering how to open...

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