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For Non-Resident Indians (NRIs) managing or liquidating assets in India, strict adherence to the Income Tax Act and FEMA regulations is not just advisableβit is mandatory. A common oversight observed in cross-border property transactions involves the implications of Tax Deducted at Source (TDS) and the subsequent repatriation of funds.
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Incorporating a company in India is now done through a single integrated web form called SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus) on the Ministry of Corporate Affairs (MCA) website.
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