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
CAclubindia
