Foreign transaction
This query is : Resolved
14 May 2012
1) Person in Individual Resident
2) He is earning commission outside India for trade between two foreign entities.
3) Can he create a company 100% owned in the same country of receipt - That helps him in visa and other formalities?
4) Can he continue doing business in that country. without sending all receipts to India?
5) Can he take salary from that company?
6) will he be under Transfer Pricing Under Section 92.
7) DTAA suggestion not required.
8) What FEMA Regulation to be followed?
2) He is earning commission outside India for trade between two foreign entities.
3) Can he create a company 100% owned in the same country of receipt - That helps him in visa and other formalities?
4) Can he continue doing business in that country. without sending all receipts to India?
5) Can he take salary from that company?
6) will he be under Transfer Pricing Under Section 92.
7) DTAA suggestion not required.
8) What FEMA Regulation to be followed?
14 May 2012
Dear Author,
To open a company is a wise decision while dealing with out of country.
Answer to all of your query depend upon the place he provides the services and then it depends upon DTAA, residencly rule, Taxation rules, Visa of the concerned country.
To open a company is a wise decision while dealing with out of country.
Answer to all of your query depend upon the place he provides the services and then it depends upon DTAA, residencly rule, Taxation rules, Visa of the concerned country.
14 May 2012
Can a resident open a company in any country with the investment-- he earned in that country, Without bring the money to India?
15 May 2012
This will depend upon the rules and regulations of that COUNTRY. You need to verify those rules of the country where you want to open the company. Bringing money to India is a business decision and there is no restriction in FEMA. However, you need to check the rules of the SOURCE country.
15 May 2012
An individual can't open a Company outside India.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
15 May 2012
Sorry Anuj, I could not get you. Are you aiming at singular or plural of INDIVIDUAL?
15 May 2012
Amol, individual in single or plural capacity is not allowed to incorporate a company outside India.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
Trending Online Classes
CAclubindia
