Hello,
I currently operate a sole-proprietorship firm in India, and for this FY [2021-22], I will be deemed 'NRI'.
I have read and heard conflicting information about whether an NRI can operate a sole-proprietorship firm in India. Can someone please confirm if I as an NRI can continue to operate my firm and if yes, based on which regulation and/or rule is it permitted [citation is needed], and which other regulatory requirements would I need to be mindful of?
Menu
NRI - Sole-proprietorship firm in India
Replies (1)
For NRI to start/continue proprietorship business, there is no separate permission required, The permission is needed only in case of repatriation of funds to any other country. All other permissions required to run the business for NRI is just as that for a Resident Indian.
Recent Topics :
- TDS payment code query
- Query on FLAIR return
- Itr 4 problem
- Capital Gains Mismatch Due to Sale Agreement in FY
- REGARDING NRO INVESTMENT IN SHARES OF DOMESTIC COM
- DTAA benefits
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
Related Topics :
CAclubindia
