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Cross-border tax, FEMA compliance, and structuring for inbound and outbound transactions.
Anil Arora & Co.’s FEMA and international-taxation practice serves cross-border clients — foreign investors and overseas companies coming into India, Indian companies investing or borrowing abroad, and non-residents and NRIs with Indian-source income or assets. The Foreign Exchange Management Act 1999 governs every cross-border money movement that touches India — inbound investment, outbound investment, external commercial borrowing, branch and liaison offices, remittances by residents, and inheritance and gift transactions involving non-residents — and the Income-tax Act, the Double Tax Avoidance Agreements, and CBDT circulars layer the tax consequences on top.
Our practice runs the FEMA reporting on the FIRMS portal, files the income-tax forms required for remittances (15CA and 15CB), advises on treaty positions, and structures inbound and outbound transactions with both the FEMA and tax implications mapped on the same page.
We work with NRIs and overseas Indian companies for whom India is one jurisdiction in a wider picture — the goal is compliance that is correct in India and consistent with the position taken elsewhere.
What this covers
The bullets below describe what is typically in scope. Every engagement is scoped tightly in a written engagement letter before work begins.
Who it's for
Indian companies receiving foreign investment that must file FC-GPR on allotment and FC-TRS on transfer of shares involving a non-resident; companies raising or repaying External Commercial Borrowings.
Indian companies investing abroad through subsidiaries, joint ventures, or branches that must comply with the Overseas Investment Rules and file annual performance reports.
Non-residents and Persons of Indian Origin with Indian-source income (rental, capital gains, interest, dividend), property transactions in India, or repatriation requirements; overseas companies setting up a liaison, branch, or project office in India.
Our approach
For inbound and outbound investment matters, we map the proposed transaction against the FEMA rules and the tax provisions on the same workpaper — RBI route, sectoral cap, pricing guidelines, withholding obligation, treaty position, and reporting timeline. Certifications under Form 15CB are issued only after we have verified the underlying contract, the taxable nature of the payment, and the treaty article being relied on. We retain the supporting file in line with the ICAI’s requirements for assurance and certification work, and we are available for any subsequent RBI or CBDT query.
Continue reading
Engagements often combine two or three of these. Speak with us to scope the right mix.
Income tax planning, returns, audits, assessments, and appeals for individuals, firms, and companies.
Specialised support for startups (incorporation to fundraise) and NRIs (compliance, property, repatriation).
Strategic financial leadership for growing businesses in India and abroad — full-time, fractional, or virtual.
Get in touch
Tell us about the engagement and we'll respond within one working day. The "Service of Interest" field is pre-set to FEMA & International Taxation.