RBI RELATED SERVICES


  
  Our client base essentially comprises of multinational companies. Our non resident and foreign clients often need information and guidance in relation to legalities and procedures as to the assets held in India and taxation of income and profit/gains on sale of assets. Keeping in view these requirements of our clients we have constituted a team of consultants at MGA that give regular updates and render their services in the following areas:
  
  Approval: Approval of the RBI for purchase / sale of immovable property in India by Non Resident/ Foreign clients. Permission of RBI for repatriation of assets / income and assistance in compliance of repatriation procedures.
  
  Regulation: Chartered Accountant’s Certification for repatriation of income / assets from India Regulation as to investments in shares and debentures, mutual funds, government securities and bank deposits and its taxation. Regulations as to operating bank accounts, repatriation of Income earned in India and special RBI schemes for returning NRI's.
  
  Procedures: Procedure for purchase and sale of immovable properties in India and renting them out; procedure to file the Return of income and to obtain tax exemption certificate etc.
  
  Advice: Written opinions in respect of any queries on Indian Taxation, Tax planning in accordance with the Double Taxation Avoidance Agreement, Foreign Exchange Management Act (FEMA) and Reserve Bank of India procedures and approvals. Any other specific advice required in relation to FEMA/RBI matters.