Partnership
This query is : Resolved
25 July 2018
Can NRI become a partner in an indian partneship firm? Is there any regulations to be followed before such constitution of the firm?
26 July 2018
NRI can be a partner in a partnership firm . But the capital contribution has
restrictions viz.,
• Investment on Non-repatriation basis:-
The amount must be invested by inward remittance or out of NRE/FCNR/NRO
account. The business of the firm should not be in any agricultural/plantation or
real estate or print media sector.
• Investment on repatriation basis:-
If the NRI makes any investment on repatriation basis, then he shall first obtain
prior approval of the government.
restrictions viz.,
• Investment on Non-repatriation basis:-
The amount must be invested by inward remittance or out of NRE/FCNR/NRO
account. The business of the firm should not be in any agricultural/plantation or
real estate or print media sector.
• Investment on repatriation basis:-
If the NRI makes any investment on repatriation basis, then he shall first obtain
prior approval of the government.
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
- CLOSING STOCK QUERY
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- IT returns for fresh job holders
- TDS _Long term Capital Gain ref.sec 214 Table 2
- Technical Glitch in ITR-4 Online Form (AY 2026-27): Sec 44AE Partner Remuneration not mapping to E8
- Residential status of non resident
- NRI INSURANCE ADVISOR
- Taxability of credit in canara bank ET & T section (NRO)
- Rent claimed on building given on permissive possession basis
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
