Sorry, wasn't sure which category to post this under. Our private limited company has recieved investment (equity) from an NRI. The money was recieved via neft from their NRO account. Do we need to file FIRC with the RBI for the same?
Renie Ravin (1 Points)
15 March 2025Sorry, wasn't sure which category to post this under. Our private limited company has recieved investment (equity) from an NRI. The money was recieved via neft from their NRO account. Do we need to file FIRC with the RBI for the same?
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(6808 Points)
Replied 15 March 2025
2. *Income Tax Reporting*: The company must report the investment in its income tax returns and comply with other tax regulations.