Hardik D Mehta & Co.

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FAST Scheme is notified and effective from tomorrow. We have tried to summarise the FAQs for ready reference. Tanvi Vora Hardik Mehta CA, ADIT Arwa Mahableshwarwala Heta Jhaveri Hetal Mehta KINJAL JOSHI Ansh Shah Zankhana Zaveri CA Miral Zatakia Krishna Jani

Summary of Important FAQs released by FINCEN on BOIR reporting.

Happy Guru Purnima and our pranaam to all the connections who spread their knowledge on LinkedIn for the others to learn. 😇🙏

In continuation to our post yesterday, we have attempted to explain in detail the implications of leveraged investing by a US NRI in FCNR deposit with Indian Banks. Hope it serves as a good reference while filing taxes for 2026 in USA. #incometax #US #FCNR #CPA #CA #investing Hardik Mehta CA, ADIT Hetal Mehta Arwa Mahableshwarwala Heta Jhaveri Tanvi Vora Pooja Shah Zankhana Zaveri CA KINJAL JOSHI Ansh Shah Krishna Jani Anirudha Prabhu

We have prepared a snapshot of our detailed article on the implications of US NRIs investing in FCNR Deposit in India in their US taxes. Leveraged Investing in particular needs to be analysed before arriving at post tax returns comparison. We would say FCNR Deposit is really a great debt investment especially looking at its returns in Dollars and the low risk nature. However, if you are a US resident you should be mindful of its disclosure in your taxes for 2026. Happy to have thoughts of others. We will share our detailed article tomorrow. #FCNR #USA #CPA #tax #leveraged #investing Hardik Mehta CA, ADIT Tanvi Vora Hetal Mehta Heta Jhaveri Pooja Shah Arwa Mahableshwarwala KINJAL JOSHI Ansh Shah

𝗗𝗼𝘄𝗻𝘄𝗮𝗿𝗱 𝗧𝗿𝗮𝗻𝘀𝗳𝗲𝗿 𝗣𝗿𝗶𝗰𝗶𝗻𝗴 𝗔𝗱𝗷𝘂𝘀𝘁𝗺𝗲𝗻𝘁𝘀: 𝗧𝗵𝗲 𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲 𝗤𝘂𝗲𝘀𝘁𝗶𝗼𝗻, 𝗦𝗲𝘁𝘁𝗹𝗲𝗱 The UAE Federal Tax Authority has issued Corporate Tax Public Clarification CTP011, resolving a question that has sat open since the Corporate Tax Law took effect — how should a downward TP adjustment be treated in the Tax Return, and does it need prior FTA approval? 𝗞𝗲𝘆 𝘁𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀: No prior approval required: Taxable Persons self-assess the need for an adjustment (upward or downward) and reflect it directly in the Tax Return. Not a safe harbour: Self-assessment doesn't mean immunity. Any adjustment filed remains open to audit. The disclosure net widens: Every downward adjustment must now be disclosed, irrespective of value or the underlying transaction's materiality. The usual thresholds simply don't apply here. Documentation must be ready before filing, not assembled after a query: Rationale, arm's length/benchmarking analysis, reconciliation to financial statements, and evidence of symmetry with the related counterparty. Scope is limited: CTP011 applies only to self-initiated adjustments under Article 34(1). Corresponding adjustments under Article 34(10) or 34(11) remain separate, application-based processes. This is a welcome and pragmatic clarification — but the compliance burden hasn't reduced, it has relocated. The FTA's control point has shifted from a gate before filing to scrutiny after it. Taxpayers with intercompany transactions should treat this as a prompt to review pricing arrangements ahead of financial statements closing and have their documentation audit-ready well before the return is due. Detailed analysis attached #TransferPricing #UAECorporateTax #FTA #CTP011 #TaxCompliance #ArmsLengthPrinciple Tanvi Vora Hardik Mehta CA, ADIT Heta Jhaveri Arwa Mahableshwarwala

Automatic Penalty Relief by IRS for compliant taxpayers. This is what taxpayers rights look like when implemented. I hope that such steps are taken by revenue authorities in tax jurisdictions like India where most of the tax litigation are initiated by tax authorities and many of those relates penalty proceedings on minor lapses. #tax #penalty #taxpayersrights #IRS #CPA #CA Hardik Mehta CA, ADIT Tanvi Vora Heta Jhaveri Arwa Mahableshwarwala Pooja Shah Zankhana Zaveri CA Ansh Shah KINJAL JOSHI Hetal Mehta Miral Zatakia

India's capital markets are evolving—and global investors are watching closely. The ongoing geopolitical tensions in West Asia, elevated crude oil prices, and sustained FII/FPI outflows have tested the resilience of Indian capital markets. Foreign investors have reduced exposure amid global risk-off sentiment, higher energy costs, and attractive opportunities in other markets. Against this backdrop, India's investment liberalisation measures could be more than just regulatory reforms—they could be a strategic response to changing global capital flows. Key reforms include: ✅ Wider access for individual overseas investors (PROIs) ✅ Expanded investment avenues in Government Securities ✅ Simplified compliance and repatriation mechanisms ✅ Tax and regulatory incentives aimed at improving capital flows With India continuing to attract record foreign investment interest and positioning itself as one of the fastest-growing major economies, regulatory reforms that balance capital inflows with financial stability will remain a key theme for policymakers and investors alike. For investment professionals, tax advisors, and global fund managers, understanding these evolving frameworks is no longer optional—it's a strategic necessity. #IndiaGrowth #PROI #InvestmentStrategy #CapitalMarkets #GlobalInvestors #EconomicPolicy #Finance #NDIRules #Amendment

*India Liberalises Foreign Investment Framework for Equity and Government Securities* In the backdrop of the West Asia crisis, ruppee depreciation and exodus of FII money from capital markets, India has introduced a package of measures to boost foreign investment by expanding investment opportunities for PROIs, liberalising FPI investment rules in Government Securities, and providing tax exemptions on specified Government Securities. The reforms aim to improve market access, increase foreign capital inflows, and strengthen India's position as an attractive investment destination.