hi,
Can a dubai company Lease the equipment of Rs. 100 crores in india, what are the procedures to be followed for this under FEMA, Customes. Also tell me the implications under the service tax and income tax on lease rent payment.
Thanks
Uday.
Uday G (Business) (254 Points)
04 September 2011
hi,
Can a dubai company Lease the equipment of Rs. 100 crores in india, what are the procedures to be followed for this under FEMA, Customes. Also tell me the implications under the service tax and income tax on lease rent payment.
Thanks
Uday.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 11 September 2011
Has Dubai Company any office or subsidiary in India?
for what purpose does Dubai company wants to lease a machinery in india.Has it got any contract in India?
Anuj
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