Unimoni India is a licensed NBFC and AD II category holder authorized by RBI to provide various financial services such as international remittance, domestic money transfer, foreign exchange, payment solutions, and more. With a network of over 300 branches and 15000+ agents in India, Unimoni caters to the needs of individuals and businesses and offers…
Synopsis Introduction of TDS on income from online gaming (Section 194BA) Non-residents earning income from mutual funds in India can provide a Tax Residency Certificate to avail of the benefit of TDS (Section 196A) The TDS rate is reduced to 20% from the maximum marginal rate on PF withdrawal for employees who do not have…
Synopsis The Liberalised Remittance Scheme (LRS) allows all resident individuals (as defined under FEMA 1999), including minors, to remit up to USD 250,000 per financial year (April–March) for any permitted current or capital account transaction, or a combination of both. Under the Finance Act 2020, Tax Collected at Source (TCS) was introduced on foreign exchange…
If you need to transfer funds electronically for overseas wire transactions, you can use a telegraphic transfer (TT). This method is often referred to as Clearing House Automated Payment System (CHAPS) transfers in the UK banking system. It is also known as telex transfer. Usually, it will take two to four business days to complete…
Do you need to send money internationally to buy a property? Finding a secure, efficient, and affordable method for sending your funds is important regardless of location. This blog will provide all the necessary information on transferring money to buy an immovable property overseas. What is an Immovable Property? You may be familiar with the…
The Easiest Country To Immigrate From India- New Zealand! Everyone desires a better quality of life, job opportunities, and financial stability, which often leads to migration to foreign countries. However, this process can be tiring, and the lengthy procedures and inquiries of immigration departments can make it even more burdensome. For those lacking patience, it…
