Can an NRI become a partner in a partnership firm in India and invest in that firm? V S A PRASAD, Hyderabad Any thing related to foreign investments or exchange , RBI is the authority for framing rules. The Master Circular on Foreign Investment in India date 2/7/2007 issued by RBI contains following provision regarding...
Send Money Abroad Up To USD 2,00,000 Now!
September 29, 2007 by
News You Can Use The Reserve Bank Of India has further liberalised the forex rules and one of the relaxation affecting Individuals immediately will be raising of remittance limit under Liberalised Remittance Scheme for resident Indians. Read the press release issued by RBI. P. (DIR SERIES) CIRCULAR NO. 9, DATED 26-9-2007 Attention of Authorised Dealer...
When Is Your International Credit Card Transaction Illegal?
April 16, 2007 by
These days international credit cards are being issued by all banks and other companies to most of the persons.Most of the online shops and businesses on internet accept credit cards and one can make payments in foreign exchange for any purchase made by through credit cards. However under FEMA , there are certain transactions for...
Money Without Limit Can Be Brought In India On Declaration!
March 3, 2007 by
Dear sir,as i am planning to return to India for vacation after working here for one year the first time i want you to tell me how much us dollars i can carry with me in person and what is the procedure to declare at Mumbai airport and proceed to my town. subuooty@….co.in As per...
What are best ways for saving tax for a returning NRI?
October 10, 2006 by
Someone Asked on Yahoo Answer-replied by me on 10/10/06 I am an NRI in USA and planning to come back to India.?I have invested in USA in CD’s , Savings account etc and want to keep them going even after return back to India. Now for USA income, I will have to file tax return...
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