Investment by nri in sole proprietorship establishment
Subscription (Manager) (44 Points)
18 June 2016Subscription (Manager) (44 Points)
18 June 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 10 July 2016
Either way its possible, and no tax liability at present, But repatriation of the loan amount will only be after getting prior permission.
Subscription
(Manager)
(44 Points)
Replied 13 April 2017
Originally posted by : Dhirajlal Rambhia | ||
Either way its possible, and no tax liability at present, But repatriation of the loan amount will only be after getting prior permission. |
Respected Shri Dhirajlal Rambhia,
Greetings!
Please accept my sincere apologies for the late response.
If of no repatriation what would be accounting entry in the accounting books of my friend - Kindly guide.
thank you
Sincere Regards
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 13 April 2017
Refer the attachment, likely to be modified by RBI from time to time.
Subscription
(Manager)
(44 Points)
Replied 13 April 2017
Respected Shri Dhirajlal Rambhia,
Greetings!
1. Many thanks for your swift response and guidance through file attachment which is of immense help.
Sincere Regards