Partnership firm business in India
This query is : Resolved
08 April 2024
Investment on Nonrepatriation basis:
The NRI may invest into the partnership firm on non-repatriation basis, i.e. capital invested once cannot be taken back by the NRI to any country outside India subject to the following conditions:The amount must be invested by inward remittance or out of NRE/FCNR/NRO account.The business of the firm or proprietary concern is not engaged in any agricultural/plantation or real estate business or print media sector.
Investment on Nonrepatriation basis:
The NRI may invest into the partnership firm on non-repatriation basis, i.e. capital invested once cannot be taken back by the NRI to any country outside India subject to the following conditions:The amount must be invested by inward remittance or out of NRE/FCNR/NRO account.The business of the firm or proprietary concern is not engaged in any agricultural/plantation or real estate business or print media sector.
Message likes :
1 times
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
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Eway bill for machinery reparing
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Gift of mutual fund units to daughter
- Not able to file ITR
- Form 10BD Filling
- NRI ITR2 account in 2025-26 ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,.
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- GST Cancellation without jurisdiction
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
