CA Bhavesh Panpaliya

Many NRIs assume that once they start earning globally, they can invest freely across markets including India. While this is true in many cases, there are specific investment categories in India that are completely prohibited under FEMA. These are not restricted or conditional. They are outright not allowed, regardless of your financial position or intent. The challenge is that most people only discover these rules after making a mistake. By then, the consequences can include penalties,...

Most NRIs review their tax situation at the end of the financial year. That is usually when returns are filed and numbers are finalized. But by that point, the most important factor in your entire tax structure has already been decided. Your residential status in India is not something you fix at the time of filing. It is determined by your presence in India and your income during the year. Once those numbers are locked, no last minute strategy can reverse the outcome. Today, two key triggers...

A client came to me with a situation that felt completely straightforward to him. He was working for a foreign company. Salary credited to a foreign bank account. Taxes already paid in the country he was living in. Everything above board, everything documented. So he assumed nothing needed to be reported in India. That assumption cost him. The Belief That Most NRIs Carry There's a very common logic that goes around in NRI circles: "If I earned it abroad and it's sitting in a foreign account,...