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NRI Forum

NRI PROBLEMS
My family concern in India is involved in export of goods and merchandise. Since this concern has substantial reserves, I would like to use the funds for a joint venture project in the Gulf. Is this permissible?
NRI PROBLEMS
NRI PROBLEMS
I have paid a substantial amount to the society as transfer fees for being admitted as a member of the society. Is such payment contrary to FEMA provisions as I am a non-resident Indian?
NRI PROBLEMS
NRI PROBLEMS
NRI PROBLEMS
The transfer pricing authorities in India have been taking the view that issue of shares by an Indian subsidiary to its foreign parent company will be subject to transfer pricing provisions under the Income-tax Act, 1961.
Retention money paid is not taxable
Retention deposit by substituting it with a bank guarantee, does not mean that the amount has accrued to your firm which would make it taxable.
NRI PROBLEMS
NRI PROBLEMS
If you or your parents at any time held an Indian passport, you would fall within the definition of a person of Indian origin. Likewise, your wife would also fall within this definition, though she may be a citizen of another country.
NRI PROBLEMS
As regards expenditure on wooden partitions, electrical fittings, etc., Courts have taken a view that such expenditure can be written off as revenue business expenditure.
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