Hi friends
one of my client is doctor and wants to set up a pvt ltd company for his existing hospital but his query is his few friends out of India or within India wants to give free Machinery to his friend for Multi-speciality hospital set up and his query he should go for pvt company or trust,, in this I am also searching which one be the better alternative. if trust is registered what foreign contribution compliance need to be satisfied please also suggest
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Best Alternative to go with pvt ltd co or trust
Replies (3)
For trust you required FCRA licence in order to receive funding from out of India..
And within India contribution for that....
You can setup trust ,while getting machinery imported by yourself by paying import duty and GST and then donate it to trust ...for getting reimbursement of Tax Paid it can be twist that such amount paid by trust for purchasing machinery at concessional rate !
Disclaimer - For educational purpose only ,not to be construed any advice ,always consult professional at your jurisdiction!
Disclaimer - For educational purpose only ,not to be construed any advice ,always consult professional at your jurisdiction!
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