In my partnership firm I have 5 partners .
4 are residents and 1 is NRI but he is origin of india.
Should I apply PAN normally as of a firm
or there are some restrictions.
please guide.
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NEW APPLICATION FOR PAN
Replies (3)
Quick Summary
Apply normally.
Is there any restriction on capital contribution by foreign partner??
A partnership firm is said to be resident in India if then control and management of its affairs wholly or partly situated within India during the relevant previous year.
Answer to Can a NRI become a partner in a partnership firm? by Indiavent https://www.quora.com/Can-a-NRI-become-a-partner-in-a-partnership-firm/answer/Indiavent?ch=3&share=dd6c6d2a&srid=hRvlA
Answer to Can a NRI become a partner in a partnership firm? by Indiavent https://www.quora.com/Can-a-NRI-become-a-partner-in-a-partnership-firm/answer/Indiavent?ch=3&share=dd6c6d2a&srid=hRvlA
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