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, Financial 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

Forgot to declare foreign shares or an old overseas bank account? The clock is ticking. ⏳The Ministry of Finance has off...
20/08/2026

Forgot to declare foreign shares or an old overseas bank account? The clock is ticking. ⏳

The Ministry of Finance has officially opened the Foreign Assets of Small Taxpayers Disclosure Scheme (FAST-DS), giving an relief window for small taxpayers, IT professionals, former overseas students, and NRIs.

If you have foreign assets or ESOPs that weren't reported in Schedule FA of your Income Tax Return, you can now regularize them before December 31, 2026—without facing high penalties or prosecution under the Black Money Act.

🔑 Key Highlights:

1️⃣ For Non-Reported Foreign Assets (Already Taxed/Acquired as Non-Resident):

* Cap: Up to ₹5 Crore

* Settlement Fee: Reduced to a flat ₹1 Lakh (down from the harsh ₹10 Lakh penalty regime).

2️⃣ For Untaxed Foreign Assets/Income:

* Cap: Up to ₹1 Crore

* Effective Tax & Settlement: 60% (30% Tax + 30% Penalty) with full immunity.

3️⃣ Key Timelines:

* Valuation Date: March 31, 2026

* Filing Window: Live now – Closes on December 31, 2026.

If you hold foreign RSUs, foreign mutual funds, or dormant bank accounts abroad, work with your CA to review your filings before the window closes.

💡 What are your thoughts on this move? Drop a comment below or tag a colleague who holds foreign ESOPs!

Email:[email protected]

Missed the July 31 FLA deadline? Under FEMA, that's not a paperwork slip — it's a violation from Day One.If your company...
05/08/2026

Missed the July 31 FLA deadline? Under FEMA, that's not a paperwork slip — it's a violation from Day One.
If your company received FDI or made an overseas investment (ODI) — even ₹1, even years ago — the FLA Return isn't optional. No outstanding capital? No exemption unless every foreign shareholder has fully exited.
A few things founders and CFOs often get wrong:
→ "We didn't raise fresh capital this year" — doesn't matter. Prior outstanding FDI/ODI still triggers the filing. → Filed on provisional numbers? A revised return on audited figures is still due by September 30. → Penalties start at ₹7,500 per return and can scale steeply from there — and the RBI's compounding process, once triggered, can run at least 3-6 months.
If you've missed the deadline or filed provisionally and aren't sure what's next, this is exactly the kind of FEMA compliance gap we help clients close before it becomes a bigger one.
Drop a comment or DM us — happy to help you assess where you stand.
CA Sandeep Khandelwal
+91-9810902950

Missed the July 31 FLA deadline? Under FEMA, that's not a paperwork slip — it's a violation from Day One.If your company...
05/08/2026

Missed the July 31 FLA deadline? Under FEMA, that's not a paperwork slip — it's a violation from Day One.

If your company received FDI or made an overseas investment (ODI) — even ₹1, even years ago — the FLA Return isn't optional. No outstanding capital? No exemption unless every foreign shareholder has fully exited.

A few things founders and CFOs often get wrong:
→ "We didn't raise fresh capital this year" — doesn't matter. Prior outstanding FDI/ODI still triggers the filing. → Filed on provisional numbers? A revised return on audited figures is still due by September 30. → Penalties start at ₹7,500 per return and can scale steeply from there — and the RBI's compounding process, once triggered, can run at least 3-6 months.

If you've missed the deadline or filed provisionally and aren't sure what's next, this is exactly the kind of FEMA compliance gap we help clients close before it becomes a bigger one.

Drop a comment or DM us — happy to help you assess where you stand.
CA Sandeep Khandelwal
+91-9810902950

📌 Tax Filing tells you what you owe. Tax Advisory helps you decide what you should do before you owe it.If you're only s...
31/07/2026

📌 Tax Filing tells you what you owe. Tax Advisory helps you decide what you should do before you owe it.

If you're only speaking to your CA at the time of filing your return, you may be missing valuable opportunities to optimize your taxes and strengthen your business.

Most businesses and individuals think Tax Filing and Tax Advisory are the same.

They're not.

Here's the difference from a Chartered Accountant's perspective:

✅ Tax Filing is about compliance.

· Preparing and filing Income Tax Returns

· Meeting statutory deadlines

· Reporting income and taxes correctly

· Responding to filing requirements

It answers:

"Have you complied with the law?"

✅ Tax Advisory is about strategy.

· Structuring transactions tax-efficiently

· Business and investment tax planning

· Optimizing deductions and incentives

· Managing tax risks

· Cross-border taxation and FEMA implications

· Supporting mergers, acquisitions, and business expansion

It answers:

"How can you legally reduce tax exposure and make better business decisions?"

A good CA doesn't just file your tax return.

A great CA helps you make financial decisions throughout the year so that tax season becomes a result of good planning—not last-minute calculations.

Remember:

📂 Tax Filing is reactive.

📈 Tax Advisory is proactive.

Businesses that seek tax advice before making major financial decisions often avoid costly mistakes, improve cash flow, and remain compliant with evolving tax laws.

Connect us for more information

🌍 Foreign Assets & Overseas Income Are Now More Visible to the Income Tax Department. Is Your Disclosure Complete?The In...
17/07/2026

🌍 Foreign Assets & Overseas Income Are Now More Visible to the Income Tax Department. Is Your Disclosure Complete?

The Income Tax Department has strengthened tax transparency by integrating foreign assets and overseas income information into taxpayers' Annual Information Statement (AIS).

Through international information-sharing agreements with 100+ jurisdictions, details such as foreign bank accounts, investment holdings, dividends, interest income, and certain overseas financial assets may now be reflected in the AIS.

📌 What does this mean for taxpayers?

✔ If you are an NRI, Resident and Ordinarily Resident (ROR), expatriate, or have foreign investments or overseas income, accurate disclosure in your Income Tax Return is more important than ever.
✔ Even if a foreign asset or income does not appear in your AIS, you are still required to disclose it wherever applicable under the Income Tax Act.
✔ Mismatches between your tax return and the information available with the tax authorities may lead to notices, scrutiny, or penalties.
Proactive compliance is always better than reactive explanations.

At MNRS & Associates, we assist individuals and businesses with:
✅ Foreign Asset Reporting
✅ Overseas Income Disclosure
✅ NRI Taxation
✅ International Tax Advisory
✅ FEMA Compliance
✅ Income Tax Return Filing & Representation
Our team helps ensure that your global financial interests are reported accurately and in compliance with Indian tax laws.

📩 Need assistance with foreign asset reporting or international tax compliance? Connect with MNRS & Associates today.

If your business depends on checking the bank balance every morning, it's time for a Virtual CFO.Your bank balance tells...
09/07/2026

If your business depends on checking the bank balance every morning, it's time for a Virtual CFO.
Your bank balance tells you where you are today—not where your business will be tomorrow.
A Virtual CFO helps you move beyond reactive decision-making by providing:
✅ Cash flow forecasting
✅ Budgeting and financial planning
✅ Profitability analysis
✅ Strategic financial insights
✅ Better control over business growth
Stop managing your business based on your bank balance. Start managing it with a financial strategy.
At MNRS India, our Virtual CFO services empower startups and growing businesses with CFO-level expertise—without the cost of a full-time CFO.

📢 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.

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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