Question 1

What is repatriation?

Accepted Answer

Repatriation is the transfer of funds from India to a foreign country in compliance with FEMA regulations.

Question 2

Is tax applicable on repatriation?

Accepted Answer

Yes, tax applicability depends on the nature and source of funds being transferred.

Question 3

What are Form 15CA and 15CB?

Accepted Answer

They are mandatory certifications required for foreign remittances to ensure tax compliance.

Question 4

Who needs repatriation services?

Accepted Answer

NRIs, foreign investors, and businesses transferring funds abroad from India.

Question 5

How long does repatriation take?

Accepted Answer

Typically 3–7 working days, depending on documentation and bank processing.

Question 6

Do I need Form 15CA/15CB to send money to my child in the USA?

Accepted Answer

Yes, Form 15CA is generally required for sending money abroad, even if the transfer is a gift to your child under the Liberalised Remittance Scheme (LRS).
However, Form 15CB is usually not required if the remittance is not taxable in India, such as a genuine gift with no income element.

Question 7

What is the limit under LRS (Liberalised Remittance Scheme)?

Accepted Answer

Under the Liberalised Remittance Scheme (LRS) regulated by the Reserve Bank of India, a resident individual can remit up to: USD 250,000 per financial year (April–March)

Question 8

What is transfer pricing?

Accepted Answer

Transfer pricing refers to the pricing of transactions between related entities in different tax jurisdictions.

Question 9

Who needs transfer pricing compliance?

Accepted Answer

Any entity entering into specified international or domestic related-party transactions as per tax laws.

Question 10

What is an arm’s length price?

Accepted Answer

It ensures that transactions between related parties are priced as if they were conducted between independent entities.

Question 11

Is transfer pricing mandatory in India?

Accepted Answer

Yes, it is mandatory for specified transactions under the Income Tax Act.

Question 12

What are the consequences of non-compliance?

Accepted Answer

Non-compliance can lead to penalties, tax adjustments, and prolonged litigation.

Question 13

What is global tax planning?

Accepted Answer

It is the process of structuring income and investments across countries to optimize tax efficiency while ensuring compliance with applicable laws.

Question 14

Who requires global tax planning?

Accepted Answer

NRIs, expatriates, high-net-worth individuals, startups, and businesses with international transactions or operations.

Question 15

What is DTAA and how does it help?

Accepted Answer

Double Taxation Avoidance Agreements prevent the same income from being taxed in multiple countries and provide tax relief.

Question 16

Is foreign income taxable in India?

Accepted Answer

It depends on your residential status under Indian tax laws and applicable treaty provisions.

Question 17

Can tax planning legally reduce tax liability?

Accepted Answer

Yes, structured planning helps minimize tax burden within the framework of law.

International Tax & Cross-Border

Repatriation Advisory Form 15CA/15CB

Transfer Pricing Support

Global Tax Planning

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