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FEMA & RBI Compliance.

Cross-border money flows are scrutinised more than ever. We keep every NRI account, remittance, and foreign investment fully compliant with FEMA and RBI Master Directions — so you never receive a notice.

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?Quick Answer

Do I need FEMA compliance as an NRI?

Yes. Every NRI bank account, India investment, property purchase, and remittance is regulated by FEMA. Non-compliance can attract penalties up to 3x the transaction value. We handle account redesignation, FC-GPR, FLA returns, Form 15CA/15CB, and all RBI filings end-to-end.

Repatriation Limit
USD 1M / yr
LRS Limit
USD 250K / yr
Penalty Risk
Up to 3x
Key Facts at a Glance
Governing lawFEMA, 1999
RegulatorReserve Bank of India
FLA return due15 July every year
FC-GPR filingWithin 30 days of allotment
NRO repatriationUSD 1M per FY
Form 15CA/CBRequired > ₹5 lakh
What we handle

Every remittance, every filing, every RBI form — handled.

From the moment you become an NRI to managing complex cross-border investments, we ensure your India transactions are FEMA-compliant. No frozen accounts, no rejected remittances, no penalties.

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01
Resident → NRI Status Change

Redesignation of savings to NRO/NRE, demat conversion, PPF closure, insurance policy updates, and Aadhaar/PAN linking — all handled within statutory timelines.

02
FC-GPR & FC-TRS Filings

Foreign investment reporting for inward FDI (FC-GPR) and share transfers between residents and non-residents (FC-TRS) — filed via the RBI FIRMS portal within 30 days.

03
Annual FLA Return

Mandatory annual filing for every entity with foreign investment or overseas direct investment. We collect data, validate balances, and file by 15 July to avoid late filing penalties.

04
Form 15CA / 15CB Certification

Every foreign remittance above ₹5 lakh needs Form 15CA, and most need a CA-certified Form 15CB. We issue both digitally within 24 hours of receiving documents.

05
Repatriation of Funds

Up to USD 1 million per year from NRO accounts — we handle tax clearance, CA certificate, bank coordination, and SWIFT-level documentation end-to-end.

06
Compounding of Contraventions

Already received an RBI notice? We prepare and file compounding applications to regularise past contraventions with minimum penalty.

Worried about a FEMA issue?

Book a 20-minute review. We will audit your India accounts, investments and remittances for compliance gaps — no obligation.

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Frequently Asked Questions

Answered by CAs.

What is FEMA and who does it apply to?+
The Foreign Exchange Management Act, 1999 (FEMA) governs all cross-border money flows involving India. It applies to every Indian resident, NRI, foreign national, and foreign company transacting in foreign exchange or holding Indian assets — including remittances, investments, real estate, and external borrowings.
What is the difference between an NRE and NRO account?+
NRE (Non-Resident External) accounts hold foreign earnings converted to INR — fully repatriable and tax-free. NRO (Non-Resident Ordinary) accounts hold India-sourced income like rent or dividends — interest is taxable and repatriation is capped at USD 1 million per financial year.
How much money can an NRI repatriate from India per year?+
Up to USD 1 million per financial year from an NRO account under the FEMA repatriation rules, subject to filing Form 15CA/15CB and tax clearance. NRE account balances are fully repatriable without any cap.
Do I need to report foreign investments to the RBI?+
Yes. Inward FDI must be reported through Form FC-GPR within 30 days of share allotment. Annual return on foreign liabilities and assets (FLA Return) is due by 15 July every year for all entities with foreign investment or overseas investment.
Can an NRI buy property in India under FEMA?+
NRIs and OCIs can buy residential and commercial property in India without RBI permission. They cannot buy agricultural land, plantations, or farmhouses. Purchase must be made through normal banking channels — NRE, NRO, or FCNR accounts.
What is the Liberalised Remittance Scheme (LRS)?+
LRS allows resident individuals to remit up to USD 250,000 per financial year for permitted current and capital account transactions — including investments abroad, education, travel, and gifts. TCS at 20% applies above ₹7 lakh for most categories.
What happens if I violate FEMA provisions?+
FEMA violations attract penalties up to three times the amount involved, or ₹2 lakh where the amount is not quantifiable, plus daily continuing penalties. Compounding of contraventions is available — we file compounding applications and represent clients before the RBI.
What is Form 15CA and Form 15CB?+
Form 15CA is a declaration filed by the remitter for outward payments to a non-resident. Form 15CB is a CA certificate verifying tax has been deducted correctly. Both are mandatory for most foreign remittances above ₹5 lakh and must be filed before the remittance is made.
Do I need to inform my bank when my residential status changes?+
Yes. When you become an NRI, you must convert your resident savings accounts to NRO accounts and redesignate resident demat, PPF, and insurance policies. Failure to do so is a FEMA contravention. We handle the full status change and account restructuring.
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