Rental deposit paid by foreign holding company on behalf of India subsidiary
This query is : Resolved
Gomathi Sundar
(Querist)
13 July 2023
Indian company gets monetary support in the form of funding for rental deposit from a foreign company at the time of setting up business ie pre incorportion. The foreign company subsequently becomes a 100% holding company of the Indian company.
Now the Indian company want to reimburse the deposit paid to foreign holding company.
Can I understand the procedure involved in light of FEMA.
Now the Indian company want to reimburse the deposit paid to foreign holding company.
Can I understand the procedure involved in light of FEMA.
CA R SEETHARAMAN
(Expert)
13 July 2023
Investment outside India under the automatic route can be made to set-up a new company abroad (JV or WOS). This can only be done by an Indian Company set-up under the Companies Act' 1956.
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
- EPF ECR NEW FILE SEP 17TH 2026
- Gst registered proprietorship firm
- GST Intimation due to Government took possession of Business Premises under PPE Act
- Capitalgain tax purposes for valuation report compulsory
- Non filing of I T Returns
- TAX AUDIT ON PROFESSIONAL INCOME
- TDS on purchase of under construction property from a reseller
- TDS on Fixed Assets purchased
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- SALARY CAN BE CAPITALIZE
- Under marginal scheme
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- GST on Renting godown to KFCSC for Storage of Raagi
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
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
