Foreign Remittance & FEMA Compliance
We manage the complex intersection of the Income Tax Act and FEMA regulations to ensure your cross-border transactions are executed flawlessly. Our team provides end-to-end advisory for FDI, ODI, and NRI repatriations, alongside issuing mandatory Form 15CB certifications for outward remittances. We handle all mandatory periodic reporting and specialized approvals required by the Reserve Bank of India through the FIRMS and SMF portals. By structuring your international capital movements efficiently, we safeguard your business from severe regulatory scrutiny and foreign exchange penalties.
Detailed Offerings
Foreign Remittance Compliance & 15CB Certification Services
We manage the complex intersection of the Income Tax Act and FEMA for all outward foreign remittances. Our team thoroughly examines the nature of the payment, applies relevant DTAA provisions, and issues the mandatory Form 15CB certification. We ensure the correct withholding tax (TDS) is deducted, protecting the remitter from future disallowances and penalties.
FEMA Audit and Advisory & Transaction Structuring
We provide specialized advisory for structuring cross-border transactions to ensure strict alignment with the Foreign Exchange Management Act (FEMA). Our team conducts comprehensive FEMA compliance audits to identify and rectify past discrepancies in foreign exchange dealings. We help you navigate complex international contracts to ensure lawful and efficient capital movement.
NRI Repatriation & Asset Transfer Advisory
We assist Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) in seamlessly repatriating funds from India to their home countries. This includes liquidating Indian assets, paying appropriate capital gains taxes, and obtaining necessary CA certificates for NRO to NRE account transfers. We handle the entire bureaucratic process, ensuring your wealth moves legally and efficiently across borders.
RBI Reporting & Regulatory Approval Services
We manage all mandatory periodic filings and compliance reporting required by the Reserve Bank of India (RBI) through the FIRMS and SMF portals. If a transaction falls outside the automatic route, we prepare detailed applications and represent you to obtain specific RBI approvals. Our proactive reporting prevents late fees and ensures your foreign investments remain in good standing.
FDI & ODI Compliance
Our firm facilitates both Foreign Direct Investment (FDI) into India and Overseas Direct Investment (ODI) by Indian entities. We guide you through sector-specific caps, pricing guidelines, and the filing of crucial forms like FC-GPR and FC-TRS. We ensure that your global investments or foreign capital infusions are structured optimally and remain fully compliant with national policy.
LRS (Liberalised Remittance Scheme) Advisory
We advise resident individuals on utilizing their $250,000 annual LRS quota for overseas investments, education, or medical needs. We provide clarity on the latest Tax Collected at Source (TCS) implications and help structure remittances to minimize upfront tax burdens. Our guidance ensures your personal foreign exchange transactions are safe, compliant, and cost-effective.
External Commercial Borrowing (ECB) Advisory & Setup
We assist Indian corporates in raising cost-effective debt from foreign lenders through the ECB framework. Our services include advising on the recognized lender categories, permitted end-uses, all-in-cost ceilings, and obtaining the Loan Registration Number (LRN). We manage the complex monthly ECB-2 reporting, ensuring your foreign debt remains perfectly compliant throughout its tenure.
Compounding of Contraventions under FEMA
If a business or individual has inadvertently violated FEMA regulations, we manage the formal compounding process to regularize the default. We draft the compounding application, quantify the potential penalty, and represent the client before the RBI compounding authority. This service brings closure to regulatory breaches, mitigating the risk of severe prosecution and heavy fines.
Ready to secure your financial future?
Book a consultation with our senior partners to discuss your audit, compliance, or tax advisory requirements.