Income tax return
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 April 2012
My friend is pakistani residential , he want to come in india as he has problem their., can he come here & invest here ?
2) does he require any govt. permission from income tax & RBI to do same?
3) can he be taxed for capital getting with him which is taxed in pakistan?
2) does he require any govt. permission from income tax & RBI to do same?
3) can he be taxed for capital getting with him which is taxed in pakistan?
CA PARAS BAFNA
(Expert)
25 April 2012
Follow this link to read the latest news -
https://indiatoday.intoday.in/story/pro-pakistan-people-of-indian-origin-will-not-get-citizenship/1/178198.html
Please also refer RBI guidelines through its official website. Certain restrictions on remittances are there in Pakistan also, so he should consult there for regarding bringing capital into India. A gist is being given here under which is mainly related with remittances from India-
https://www.iibf.org.in/documents/guide-lines-on-remittance-for-nri-pio-fi.pdf
.
https://indiatoday.intoday.in/story/pro-pakistan-people-of-indian-origin-will-not-get-citizenship/1/178198.html
Please also refer RBI guidelines through its official website. Certain restrictions on remittances are there in Pakistan also, so he should consult there for regarding bringing capital into India. A gist is being given here under which is mainly related with remittances from India-
https://www.iibf.org.in/documents/guide-lines-on-remittance-for-nri-pio-fi.pdf
.
03 May 2012
Follow the link as has been provided by the expert, it will work
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