Finology
Finology

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Foreign currency non resident

This query is : Resolved 

31 July 2012 Dear sirs,

PLEASE SOLVE THE QUERY

A NRI operates his company from abroad. He want to move same of his money (say 50 cr) to india.

1) wat is the tax liability on him in present nd in future

2) whether intimation is required to b given to rbi nd in which form.

THANKS IN ADVANCE TO ALL MY SENIORS

31 July 2012 for better , kindly move to any CA .....

31 July 2012 Dear sir query is modified.

01 August 2012 Basically NRI seems to be investing in India i.e., FDI.

1. Tax liability would depend upon the investment structure i.e., branch or subsidiary. Yearly profits in India shall be liable to income tax.

2. Depending upon the category of investment (i.e., gold manufacture, construction, hospitality etc.,) permission from RBI may/maynot be required. These are covered under automatic/approval investments routes.

And alot more depending upon structure & category of FDI planned.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading


Unanswered Queries


Follow taxation Exam20 Book Book Book caclubindia books


Answer Query