Foreign currency non resident
This query is : Resolved
31 July 2012
Dear sirs,
PLEASE SOLVE THE QUERY
A NRI operates his company from abroad. He want to move same of his money (say 50 cr) to india.
1) wat is the tax liability on him in present nd in future
2) whether intimation is required to b given to rbi nd in which form.
THANKS IN ADVANCE TO ALL MY SENIORS
PLEASE SOLVE THE QUERY
A NRI operates his company from abroad. He want to move same of his money (say 50 cr) to india.
1) wat is the tax liability on him in present nd in future
2) whether intimation is required to b given to rbi nd in which form.
THANKS IN ADVANCE TO ALL MY SENIORS
31 July 2012
for better , kindly move to any CA .....
31 July 2012
Dear sir query is modified.
01 August 2012
Basically NRI seems to be investing in India i.e., FDI.
1. Tax liability would depend upon the investment structure i.e., branch or subsidiary. Yearly profits in India shall be liable to income tax.
2. Depending upon the category of investment (i.e., gold manufacture, construction, hospitality etc.,) permission from RBI may/maynot be required. These are covered under automatic/approval investments routes.
And alot more depending upon structure & category of FDI planned.
1. Tax liability would depend upon the investment structure i.e., branch or subsidiary. Yearly profits in India shall be liable to income tax.
2. Depending upon the category of investment (i.e., gold manufacture, construction, hospitality etc.,) permission from RBI may/maynot be required. These are covered under automatic/approval investments routes.
And alot more depending upon structure & category of FDI planned.
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