In my partnership firm I have 5 partners .
4 are residents and 1 is NRI but he is origin of india.
Should I apply PAN normally as of a firm
or there are some restrictions.
please guide.
3 Replies
shirish aurora
(article assistant)
(53 Points)
Replied 18 July 2020
Is there any restriction on capital contribution by foreign partner??
CA Raj Doshi
(Practising CA)
(8939 Points)
Replied 18 July 2020
A partnership firm is said to be resident in India if then control and management of its affairs wholly or partly situated within India during the relevant previous year.
Answer to Can a NRI become a partner in a partnership firm? by Indiavent https://www.quora.com/Can-a-NRI-become-a-partner-in-a-partnership-firm/answer/Indiavent?ch=3&share=dd6c6d2a&srid=hRvlA
Answer to Can a NRI become a partner in a partnership firm? by Indiavent https://www.quora.com/Can-a-NRI-become-a-partner-in-a-partnership-firm/answer/Indiavent?ch=3&share=dd6c6d2a&srid=hRvlA
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