One person who have partnership in uae company and he wants to take a profit of the company to his indian bank account as white many. we can take it as 1.salary 2. consultanncy, 3.DTAA. He is a resident for the year of 2011-12. Any possibilities to that?
5 Replies
O.D.SHARMA
(DGM-F & A)
(1734 Points)
Replied 20 October 2011
Hi,
To proceed further Clear his status if NRI or Resident ? Options will depend on the status.
deepak
(student)
(231 Points)
Replied 20 October 2011
sir he is Nri for the year 2010-2011 and resident for the year 2011-2012
O.D.SHARMA
(DGM-F & A)
(1734 Points)
Replied 20 October 2011
Hi Deepak,
I can advice u on the issue & need to know
1) These are FY or AY
2) Funds are with NRE or NRO account
Mail here to me or contact on -odsharma_2000 @ rediffmail.com
deepak
(student)
(231 Points)
Replied 20 October 2011
UAE CO:- 2 members 1 is indian he is a intermediary for the project wokers in india
and he want to deposit his profit to his indian bank account as white money without tax.
he is NRi for the finanacial year 2010-2011 and resident for 2011-2012 .
we have an option to deposit as salary , consultancy, DTAA sec90/91,
i want to know any other options to deposit. sir please help me.
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