OVERSEAS BUSINESS INCOME FOR RESIDENT INDIAN TAXABLE

Hi Friends

My Client is Indian Resident and filing ITR Regularly as per the Indian Government Rules and Regulations.

Now he opened a business in Dubai LLC (He is a sole Director) and doing some import business there. 

1. From India He will export to that dubai entitiy and pay to the vendor in India (he himself) for the product.

2. I understand for the Indian business, he has to pay the Income tax, etc

3. My question is whether profit earned through his overseas business is taxable in India. 

4. Whether such profit can be repatriated through normal banking channel

5. He is not going to be NRI, as he will not be in aborad for more than 183 days.

Hi Friends, please advise me in details

Regards

Balasubramanian VS