sambhav (student) (73 Points)
27 April 2011Please Clarify the following Doubts ,
1.Can an Indian Invest In EQUITY of an existing corporation in USA (i.e., an "Inc" [ in the state of california] ) without routing the Funds through US Stock Markets.
2. If yes,what are the Rules and Procedures ?
3. Is there any Limit on the amount of Investment ?
4. Any Rules and Regulations of India applicable to the above case ?
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 28 April 2011
if the equity is listed in indian market, then yes,
indian rules will apply
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7014 Points)
Replied 17 October 2011
| Originally posted by : sambhav | ||
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Yes provided that corporation is an existing one.
The same is permitted under LRS under which you can send 2 Lakh $ yearly.
$ 2 lakh yearly.
Income Tax Act, shall provide that income aising from such investments shall be taxable in India.
Anuj
+91-9810106211
femaquery @ gmail.com |
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