Hi
We are a Start up Information Technology company.
There is an investor from Hong Kong, who is interested to invest in our company.
We would like to know if investments from Hong Kong is permitted in India as Hong Kong is part of China now and we do have DTAA with China.
yes we have
Chine Traety is not applicable to Hongkong,as for Traety purpose Hongkong is not part of Chine.
All the provisions of Income Tax Act, 1961 apply to dealings of Indian co. with Hongkong.
Also investement from Hongkong Company in Indian Company is allowed subject to compliance of FDI guidelines.
Anuj
+91-9810106211
femaquery @ gmail.com
CAclubindia
