Sandeep Khandelwal - FEMA & Taxation Advisor

Sandeep Khandelwal - FEMA & Taxation Advisor Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Sandeep Khandelwal - FEMA & Taxation Advisor, Business consultant, I-35B, 1st and 2nd Floor, Central Market, Lajpat Nagar/2, Delhi.

I guide Indian & international businesses through Taxation& FEMA regulations so they can move capital across borders with confidence.
23 years of professional practice in cross-border structuring, inbound & outbound remittances & NRI investment compliance

📢 A small mistake in your Income Tax Return today can become a costly notice tomorrow.With the Income Tax Department inc...
23/06/2026

📢 A small mistake in your Income Tax Return today can become a costly notice tomorrow.
With the Income Tax Department increasingly relying on AI-driven scrutiny and data analytics, accurate ITR filing has never been more important.
Before filing your return, ensure:
✔️ Income is reconciled with AIS and Form 26AS
✔️ All sources of income, including foreign assets and capital gains, are disclosed
✔️ Deductions and exemptions are backed by proper documentation
✔️ The correct ITR form is selected
✔️ Returns are filed and verified within the prescribed timelines
In the era of data-driven compliance, accuracy is no longer optional—it is essential. A few extra minutes spent reviewing your return can save months of explanations later.
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💰 Inward Remittance in India: What Every Individual and Business Should Know Under FEMAWith increasing globalization, fr...
03/06/2026

💰 Inward Remittance in India: What Every Individual and Business Should Know Under FEMA

With increasing globalization, freelancers, startups, exporters, NRIs, and families regularly receive funds from overseas. While an inward remittance may appear to be a simple bank credit, every cross-border transaction is governed by the provisions of the Foreign Exchange Management Act (FEMA), 1999. Before accepting funds from abroad, consider these key FEMA aspects:

✅ Identify the Nature of Remittance

Different FEMA regulations apply depending on the purpose of the remittance.

✅ Maintain Proper Documentation

Proper documentation helps establish the legitimacy of the transaction and ensures FEMA compliance. (TaxTMI)

✅ Taxability and FEMA Are Different

A remittance received from abroad may be FEMA-compliant, but that does not automatically make it tax-exempt under the Income-tax Act. The tax treatment depends on the nature of the receipt and the relationship between the sender and recipient.

✅ Business Receipts Need Special Attention

Export proceeds, foreign investments, royalties, consultancy fees, and overseas service payments often involve specific FEMA reporting and compliance requirements. Failure to comply can lead to regulatory scrutiny.

✅ Large or Repeated Transfers Deserve Review

Regular receipts from overseas family members, friends, or overseas entities should be examined from both FEMA and tax perspectives to ensure proper classification and reporting.

Why FEMA Compliance Matters

Many individuals focus only on whether the money has been credited to their bank account. However, FEMA compliance is equally important because banks, authorized dealers, and regulators monitor cross-border fund flows and may seek clarification regarding the source and purpose of transactions. (KSMG & CO)

📌 Whether you are an NRI, resident Indian, startup founder, freelancer, exporter, or investor, every inward remittance should be reviewed through the lens of FEMA and cross-border transaction regulations.

“A compliance missed today can become a regulatory challenge tomorrow — especially when it involves FEMA reporting.”FLA ...
20/05/2026

“A compliance missed today can become a regulatory challenge tomorrow — especially when it involves FEMA reporting.”
FLA Return under FEMA, 1999 – Due by July 15
Indian resident entities with outstanding Foreign Direct Investment (FDI) and/or Overseas Direct Investment (ODI) as at the end of March of the previous or current financial year are required to submit the Annual Return on Foreign Liabilities and Assets (FLA) to the Reserve Bank of India.
The filing requirement extends to:
• Companies
• LLPs
• AIFs
• Partnership Firms
• Public Private Partnerships (PPPs)
• Eligible IFSC / GIFT City entities, wherever applicable
Important Compliance Points:
✔ Filing is to be completed through RBI’s FLAIR portal
✔ In cases where audited financials are unavailable by July 15, entities may file using provisional / unaudited figures
✔ A revised return based on audited accounts must subsequently be filed after obtaining RBI approval
✔ Delayed filing or non-compliance may lead to FEMA-related consequences and regulatory scrutiny
Accurate reporting and proper classification of foreign assets and liabilities remain essential for maintaining FEMA compliance and avoiding future reporting complications.
At MNRS India, we assist businesses in navigating FEMA reporting requirements with clarity, accuracy, and regulatory diligence.

🔍 “Your PAN card is no longer just an identity document—it has become the backbone of financial and tax compliance in In...
09/05/2026

🔍 “Your PAN card is no longer just an identity document—it has become the backbone of financial and tax compliance in India.”

An outdated or inoperative PAN can lead to:

✔ Higher TDS deductions

✔ Delays in income tax refunds

✔ KYC and banking issues

✔ Problems in investments and property transactions

✔ Difficulties in GST and compliance filings

With increasing digital integration between PAN, Aadhaar, banking, and taxation systems, keeping PAN details updated is now a critical compliance requirement for individuals, NRIs, startups, and businesses alike.

Keep your PAN Card Upated.

# Trading in the US stock market as an Indian? It’s not just about global returns—it’s about global compliance.As India...
05/05/2026

# Trading in the US stock market as an Indian? It’s not just about global returns—it’s about global compliance.

As Indian residents increasingly diversify into US equities, it’s critical to understand that overseas investing comes with structured regulatory and tax implications.

Under the Liberalised Remittance Scheme (LRS), remittances up to USD 250,000 per year are permitted for foreign investments. However, only delivery-based investments are allowed—margin trading or leveraged positions are not permissible.

From a taxation standpoint, global income is taxable in India:
# Capital gains on US stocks are taxed based on the holding period (short-term at slab rates, long-term at 20% with indexation).

# Dividends are taxed at applicable slab rates in India, with US withholding tax applicable (subject to DTAA relief).

# Additionally, disclosure is not optional. Foreign holdings must be reported in Schedule FA of your income tax return. Non-compliance can attract significant penalties.

At MNRS India, we assist clients in navigating cross-border investments with clarity, compliance, and confidence.

“Internal controls don’t slow business—they safeguard it.”An effective Internal Control System ensures that operations a...
07/04/2026

“Internal controls don’t slow business—they safeguard it.”

An effective Internal Control System ensures that operations are not just efficient, but also compliant and risk-free.

Without proper controls, businesses face:
• Errors in financial reporting
• Increased risk of fraud
• Regulatory non-compliance

We help design and evaluate internal controls that bring clarity, accountability, and confidence to your operations.

"Because control is not restriction—it’s protection."

MNRS & Associates Team

“Transfer Pricing: Plan. Document. Defend.”“One international transaction can trigger Transfer Pricing compliance—are yo...
03/04/2026

“Transfer Pricing: Plan. Document. Defend.”

“One international transaction can trigger Transfer Pricing compliance—are you prepared?”

Many businesses engage in cross-border transactions with related parties, but overlook the transfer pricing implications under the Income-tax Act, 1961.

A missed compliance can lead to:
• Adjustments to income by tax authorities
• Penalties and interest exposure
• Increased scrutiny and litigation

Because transfer pricing is not just documentation—it’s defensibility.

✨ Navratri Wishes from MNRS India ✨Nine nights. Nine forms of strength. One message—growth with discipline.This Navratri...
23/03/2026

✨ Navratri Wishes from MNRS India ✨

Nine nights. Nine forms of strength. One message—growth with discipline.

This Navratri, may Maa Durga bless you with financial clarity, compliance strength, and continued success.

🌼 शुभ नवरात्रि!
— Team MNRS & Associates

Address

I-35B, 1st And 2nd Floor, Central Market, Lajpat Nagar/2
Delhi
110024

Opening Hours

Monday 10am - 6pm
Tuesday 10am - 6pm
Wednesday 10am - 6pm
Thursday 10am - 6pm
Friday 10am - 6pm
Saturday 10am - 6pm

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