Overseas direct investement
This query is : Resolved
28 December 2011
Hi!
We (NGO registered under Society Act) are going to make a investment of Euro 50000/- (approx.10%) of total estimated cost of a project (Production of documentory film) in france.
I would like to confirm that whether we require to submit ODI form with our bank or not. If yes, then whether we have to submit it through "Automatic Route" or "Approval Route" and list of documents required to be attached.
We (NGO registered under Society Act) are going to make a investment of Euro 50000/- (approx.10%) of total estimated cost of a project (Production of documentory film) in france.
I would like to confirm that whether we require to submit ODI form with our bank or not. If yes, then whether we have to submit it through "Automatic Route" or "Approval Route" and list of documents required to be attached.
30 December 2011
ODI means investment in overseas entity. Herein you are sharing the cost of production of documentary and not making investment .
TDS may be applicable on said payment.
Anuj
+91-9810106211
femaquery@gmail.com
TDS may be applicable on said payment.
Anuj
+91-9810106211
femaquery@gmail.com
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Taxable or Tax exempt
- CAPITAL GAIN BASE ON NOTIFICATION
- TDS Deducted AY-2013-14 Not Reflected in 26as
- Demand Outstanding AY 2013-14 TDS Deducted not shown in 26as
- ADVANCE PAYMENT OF ADVOCATE
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Eway bill not cancelled within 24 hous what can be due
- TDS Return Q1 FY 2026-27
- Goods sold but invoice not issued
- GST rate and HSN code for sale of racing horses
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
