2 Indian citizens have registered a company in singapore and want to transfer the profits from Singapore entity to India. What's the best way to do this in regards to taxations and compliance?
we also have an LLP registered in India.
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Repartition of funds from Singapore to India
Replies (1)
Profit share can be transferred to an india co at a mutually agreed price but such price should not exceed the fair price determined in accordance with pricing guidance of the policy excess consideration over and above the accumulated capital balance will be taxen as tax in the hands of the transferor
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