An increasing number of Indians have started investing directly in foreign assets like shares, immovable properties, etc. as they provide an interesting avenue for diversification and potentially higher returns due to the added benefit of foreign exchange fluctuation.
The monetary limits and manner of making offshore investments are governed by the regulations framed by the Reserve Bank of India under the Indian exchange control laws.
Please click here to read the full article by Kumarmanglam Vijay, Surajkumar Shetty and Tejasvi Shukla, published in Financial Express.
Kumarmanglam is an equity partner of the firm and also heads the direct tax and regulatory practice at JSA. He has more than 25 years of experience in matters relating to direct taxation (including international taxation, transfer pricing, litigation, anti-avoidance laws, and M&A tax), accounting, and corporate laws including mergers and acquisition, joint ventures, foreign investments, market entry strategy, and corporate restructuring.