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Eligibility or applicability of assets holding outside india
I am planning to introduce toy business in India. The toys will be importing from Hongkong and sell at India , For manufacturing a toy I am investing amount on overseas assets eg : Machineries and other items . In this regard Kindly let me know procedure:
1. Permissible to hold Overseas asset a company resident in India
2. Can depreciate the assets In Indian book
3. Applicability statutory obligations
Replies (1)
Naveen Ji,
yes you can but subject to certain laws and rules and regulations made by RBi
yes you can but subject to certain laws and rules and regulations made by RBi
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