buisness Investment
This query is : Resolved
07 May 2011
Hi,
A Indian singer with his pakistani friend want to start a music company business in India.(i.e. any of the following Partnership firm, AOP or Company)can he is allowed to the same or are there are any restriction by Govt,RBI, Income tax or under the FEMA Act to do business with pakistani citizen.
Please provide some write up and provisions of respective Acts if any.
Thank you
Hi,
A Indian singer with his pakistani friend want to start a music company business in India.(i.e. any of the following Partnership firm, AOP or Company)can he is allowed to the same or are there are any restriction by Govt,RBI, Income tax or under the FEMA Act to do business with pakistani citizen.
Please provide some write up and provisions of respective Acts if any.
Thank you
09 May 2011
The only prohibition placed under FEMA is on Citizen of Pakistan or Entity incorporated in Pakistan. However Citizen or Entity of Pakistan can invest after the Government Approval .
Anuj
0-9810106211
Anuj
0-9810106211
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Clarification Required on Filing Form 141 for Joint Buyers
- HOUSING LOAN ISSUE
- EMI ISSUE IN HOUSING LOAN OLD REGIME
- GST Rate for Catering Services
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- ITR 4 and Bank transactions
- LIC maturity claim whether taxable
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
