banner_ad

Foreign investment

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 December 2011 Dear Members
First of all I would like to wish you all a merry christmas and a Happy New Year.

As I have remitted Rupees 40 Lacs (approximately) excluding banks commission for making investment in a Company incorporated outside india other than Foreign Company as per Companies Act, 1956 but the company will issue me Shares of 75000 USD so what will be my cost of investment.
I mean what amount to be capitalised.

It is for Individual and for accounting purpose
Profile Image

Mahesh Paryani

Profile Image

Mahesh Paryani (Expert)
25 December 2011 Dear Abhinay

your question is with regard to income tax or accounts?

assuming it is for accounts.
you have to follow accounting standard 11 which states that the exchange rate prevaling on the date of transaction being effected should be considered for recording the cost.
Profile Image

CA. Anuj Gupta

Profile Image

CA. Anuj Gupta (Expert)
26 December 2011 Please make clear that the investment is by individual or a Company. Both have different implications under FEMA.

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


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details