Interest income of foreign company
This query is : Resolved
ASHISH JAIN
(Querist)
24 August 2012
CAN AN INDIAN COMPANY TAKE UNSECURED LOAN FROM A FOREIGN COMPANY? IF YES ARE ANY APPROVALS REQUIRED AND WHETHER THE RATE OF TDS BE GOVERNED BY DTAA WITH THAT COUNTRY?
CA. Vikash Dwivedi
(Expert)
24 August 2012
as Far as FEMA is concerned Yes.
ASHISH JAIN
(Querist)
24 August 2012
Sir
The query is for all prevailing laws and not just FEMA
The query is for all prevailing laws and not just FEMA
CA. Vikash Dwivedi
(Expert)
24 August 2012
Dude, you need to understand for such queries CAs charge hefty fees. what if someone gives you inccorect suggestion you will be in trouble.
Better is to consult practicing CA for customised advise.
Better is to consult practicing CA for customised advise.
CA. Anuj Gupta
(Expert)
01 October 2012
Indian Company can take loans from a foreign company but that is subject to ECB guidelines .
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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