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CA VK Agrawal

All About FCRA Registration

Foreign contribution regulation Act 1976 is a law of government of India which manages receipt of foreign contributions. This law is implemented through the ministry of Home affairs, Government of India. To regulate the foreign contribution received by any individual or company the Government has consolidated all the laws & regulations relating to such transactions. For this purpose, Foreign Contribution (Regulation) Act, 2010 was introduced. This was done to build… Read More »All About FCRA Registration

FDI Policy in Defense Sector

New Horizons of Growth is the phrase used by Union Finance Minister while introducing fourth part of Atmanirbhar Bharat Abhiyan. Some significant sectoral reforms were announced under the Atmanirbhar Bharat Abhiyan. It covers 8 major sectors in India which are as follow Coal Minerals Defence Civil Aviation Space Power Social Infrastructure Atomic Energy On 17 September 2020, India’s DPIIT also known as Department for Promotion of Industry and Internal Trade,… Read More »FDI Policy in Defense Sector

OSP Registration Eligibility

OSP is an abbreviation of “Other Service Providers”. Other Service Provider (OSP)is a company that provides applications services that encompass IT enabled services such as Tele-Banking, Tele-Marketing, Tele-medicine, and others. The Other Service Providers Category was introduced in New Telecom Policy, 1999 (NTP-1999) framework. The OSPs like tele-banking, tele-trading, e-commerce, etc. allowed to operate non-telecom services by using infrastructure provided by numerous authorized access providers. Considering the advancement in technology… Read More »OSP Registration Eligibility

All about PIO Card

PIO also known as Person of Indian Origin is an identification status given to whom or whose any of the ancestors was a permanent Indian resident/citizen and who is currently holding valid citizenship and passport of another country. A person who is not an Indian citizen but he/she or his/her ascendants was an Indian citizen by the virtue of constitution or Citizenship Act 1955. PIO card was launched in 1999… Read More »All about PIO Card

Foreign Liabilities and Assets Annual Return

Annual return on Foreign Liabilities and Assets (FLA) has been notified under FEMA which is required to be submitted by all the Indian Companies which have received Foreign Direct Investment (FDI) or companies who invest in foreign companies in the previous years including the current year i.e. who carry foreign Assets or Liabilities in their Balance Sheets. FLA annual return need to cover all the foreign investments made by the… Read More »Foreign Liabilities and Assets Annual Return

All about Import Export Code

Import Export Code also known as IEC Code which is issued by the DGFT (Director General of Foreign Trade). When an individual want to start an Import or Export business in India, then the Import Export Code is needed to be obtained. Without this code it is not possible to start any type of business being dealt in Indian Geographical area. Department of Commerce sets all the rules and regulation… Read More »All about Import Export Code

All About Duty Credit Scrips (DCS)

In India’s Foreign Trade Policy, the term scrip has reference as ‘duty credit scrips’. DCS also known as Duty credit scrip is the most attractive export promotion incentive given by the government to exporters. The objective and purpose of such schemes is to encourage exports by giving concessions to import tariff to exporters. Under the scrip, exporters can draw an import duty concession to a fixed percentage of their export… Read More »All About Duty Credit Scrips (DCS)

Meaning | Risk and Benefits of Transfer Pricing

Transfer pricing termed as the prices of goods and services that are exchanged between two commonly controlled legal entities within an enterprise. For example, if you have a subsidiary company who sells goods or renders services to your holding company, the price charged is referred to as transfer price and the setting is called transfer pricing. The term common control refers to those that are ultimately controlled by a single… Read More »Meaning | Risk and Benefits of Transfer Pricing

Transfer Pricing: International Transaction and Arm’s Length Price

Transfer pricing can be termed as the value which is attached to the goods or services transferred between related parties. In other words, transfer pricing referred to the price which is paid for goods or services transferred from one unit of an organization to its other units situated in different countries (with exceptions). Subjects Which Comes in Transactions to Transfer Pricing The below mention list is some of the typical… Read More »Transfer Pricing: International Transaction and Arm’s Length Price