Introduction What is FERA? What is FEMA? Key Differences Between FERA and FEMA Aspect FERA FEMA Year of Enactment 1973 1999 Nature of Act Regulatory and rigid Management-oriented and flexible Objective To conserve foreign exchange To facilitate foreign trade and payments Penalty for Violations Criminal liability Civil liability Approach Prohibitive Facilitating Foreign Investments Restrictive Encouraging

In today’s fast-paced business world, ensuring financial accuracy, operational efficiency, and compliance with regulatory standards is paramount. For many businesses, partnering with a CA firm can be instrumental in achieving these goals, as they bring specialized expertise and insights to the table. Internal audits, often facilitated by CA firms, play a crucial role in ensuring

Tips for a Tax-Efficient Retirement Plan Naturally, all of us will retire one day and we definitely want our retirement to be as comfortable as possible. For this, preparing a retirement plan with the best of our ability and knowledge is needed. But most of the times, we forget the most vital element of our

Learn the Best Ways to Reduce Your Tax Payments with Spouse Don’t consider your spouse being your partner in managing household chores only or sharing financial responsibilities. Because your partner can help you with tax saving as well! Yes, your partner can help you save tax to a great extent. And the benefits get extended

The Interim Budget 2019 – Newly Proposed Changes in the Income Tax Laws The Indian Government announced the Interim Budget in February 2019. It is the most recent budget announced by the government before the Lok Sabha elections. Hence, the government has made numerous possible attempts to please the public. Within the budget, the Government