05 June 2009
Our company wants to invest in a foreign company rather enter into a partnership with individuals or a company abroad in the capacity of a company which is currently a partnership company....Is it possible? Is there any ceiling on the amount of investment? What are the doccuments required? and how would the income tax treat the investments and profits from the venture abroad? How and along with what doccuments we need to support our returns / assesment?...Do we need proior approval from RBI or FEMA or anyother regulatory or statutory bodies??
06 June 2009
you have to professionaly analyse the issu, Provision of FEMA Apply, May need Prior approval in certain case. Income/ return on investment will be taxed in india
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