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?

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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25 April 2012 Follow this link to read the latest news -

http://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-

http://www.iibf.org.in/documents/guide-lines-on-remittance-for-nri-pio-fi.pdf
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