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Implication of FEMA and other Acts for to open a Product Development Centre outside India. , FEMA |
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Implication of FEMA and other Acts for to open a Product Development Centre outside India. |
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Hi,
We want to open a Product Development Centre outside India, it only involve costs like
-Manpower Cost (Salaries and Reimbursements)
- Rental Cost for Office
- Misc Admin Costs
The office does not generate any kind of revenue.
Pls advise implication of FEMA and other Acts for this nature of transaction as we will be required to remit money for this.
Regards
Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
You are permitted by FEMA to do the activity you are planning to do.Your only requirement is to intimate the AD for such transaction .
Regarding implication under the Income Tax Act you need to specify in detail the exact nature of transactions to be done by Product Development Centre outside India.
You are permitted by FEMA to do the activity you are planning to do.Your only requirement is to intimate the AD for such transaction .
Regarding implication under the Income Tax Act you need to specify in detail the exact nature of transactions to be done by Product Development Centre outside India.
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