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Sneak Peek into the world of finance.

This is where you will find financial intelligence. Get access to the dos and don’ts of financial planning with tricks and tips that will help you ace your financial game. Go on, read on.
May 22, 2020

Foreign Exchange Management Act is a law that Test to open in same popup regulates the inflow and outflow of foreign exchange in India. Apart from the principle Act, there are various rules, regulations, notifications, circulars etc. issued vide powers given under the Act. Oftentimes, in many cases, the person or parties to the transaction may […]

May 20, 2020

  In this write-up, I have made a attempt to summarise the various criteria adopted by key countries to determine the residential status of an individual. As you would read further, one thing that is common between all these countries and also India is that the criteria of stay of 182/183 days has been adopted […]

May 20, 2020

‘Not permanently resident in India’ (‘NPRI’) is a very unique concept in Foreign Exchange Management Act, 1999 (‘FEMA’) which is mainly used for expatriates who come to India for employment purposes. In most of the cases, their intentions are not to stay in India for a very long period of time but to exercise their […]

May 20, 2020

Background: Employees Stock Option Scheme or ESOPs as they are commonly referred to, are options given by the employer companies to their employees to buy shares at a future date at a pre-determined price.  It is an option to the employee and not an obligation to buy. Generally, there are three terminologies used in ESOP […]

May 20, 2020

The residential status criteria for individuals under the Indian income tax Act, so far, were related to his number of days he / she physical stayed in India in a financial year. In order to plug the loophole of stateless persons taking the disadvantage of their ‘non-resident’ status, the Government introduced an amendment in Budget […]