The answer is Yes and No but before I explain the law , it is importanat to understand that here foreigner means a person not domiciled in India .The answer is NO in case of following persons?Those persons who are not domiciled in India and who come to India on tourist visa or for any...
Can An Indian Resident Gift Shares To A Non Resident?
April 21, 2008 by
Yes, an Indian resident can give gift of shares of a company to a non resident but only if he fulfills certain conditions laid down in . The Regulation 10 of the Foreign Exchange Management (Transfer or issue of security by a person resident outside India) Regulations, 2000 deals with requirement in case of transfer...
Do You Require Approval Of RBI For Selling Shares To Non Resident?
April 20, 2008 by
One of our client is an NRI . His father holds shares in an Indian Private Company which is trading in / Manufacture of Electronic items. Now my client wants to buy 90% of shares from his father and he wants to remit through banking channels the required money. Now I need a clarification on...
15 Services For Which Exporters Can Claim Refund of Service Tax!
April 20, 2008 by 1 Comment
The government has notified 15 services associated with the export activities eligible for refund of service tax paid . It is stated in the instruction no 341/15/2007-TRU, DATED 17-4-2008 issued by government as under Accordingly, 16 taxable services have been notified and the service tax paid on these taxable services, which are attributable to exports [...]
Search For Case Laws On Tax Matters , Circulars and Blog In One Click!
April 18, 2008 by Leave a Comment
Now search for case laws , circulars and taxworry.com in one click only. How to do it? No brainy thing. Write any term in the search field on the right side of the blog and hit the button “search “[or just pressing enter in your computer] . The search result will appear just below with [...]
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