The most important aspect of the any business is the compliance of the law of land. Any slippage in this regard could cause serious damage to the Business. Any Business in India requires to comply with various tax and other laws depending on the location and constitution (Entity) under which business operates.

Some of the laws applicable to the business operations in India include:-

• Direct Tax: Income Tax and Wealth Tax
• Indirect Tax:- Goods and Service Tax , Customs Duty
• Company Law
• Limited Liability Partnership Act
• Foreign Exchange Management Act ( FEMA)
• Double Taxation Avoidance Agreements between India and other countries
• Labor Laws

TAKSHASHILA supports in terms of registrations under the above laws, maintenance of records and filing of periodical returns and representations if needed.

Foreign Exchange Management Act (FEMA) Compliance

Foreign Direct Investment Compliance:

India, Member of WTO, is part of globalization and considered as favorite destination for global investments by many foreign global investors to reap the benefits of large Indian market coupled with availability of abundant skilled labour. Any investment in India involves Dollar inflow into the country which mandates compliance of FX Laws.
Any money coming into India or going out of India requires compliance of rules governed by Reserve Bank of India (RBI).
We support our NRIs & foreign companies to invest in India (known as FDI) by meeting their RBI compliances. Also, we provide them information on investments which can come in through automatic route and such investments which require RBI approval, hence proper advise at the inception level.

Overseas Direct Investment Compliances

Similarly we support Indian companies who wants to set up their operations in other countries by way of ODI( Overseas Direct Investment). We advise such clients the Rules and regulations of RBI and assist in setting up operations outside India.

External Commercial Borrowing Compliances :

Many Indian Companies borrow in Foreign Currency from outside India to take advantage of low interest rate. In this regard, Indian Central bank (RBI) liberalized in terms of borrowing in convertible foreign exchange. We support in terms of Loan agreement, Filing required forms with RBI, obtaining approvals and periodically returns. We support the clients in devising strategy of instruments before the borrowing takes place.

Export or Import of Goods and services :

India being part of international market, a lot thrust has been given for export. This implies compliance of RBI rules for export. Similarly RBI regulations needs compliance for import of Goods and services. We support our clients in this regard.