Pricing Login

Tax Management India. Com
Law and Practice : Digital eBook
Research is most exciting & rewarding

Case Laws Acts Notifications Circulars Classification Forms Manuals Articles News D. Forum Highlights Notes

TMI - e-Newsletter TaxTMI Excessive delay in issuing show cause notice &... TaxTMI Taxpayer's victory: AO's order upheld, PCIT's... TaxTMI Non-resident Singapore firm's software licensing... TaxTMI EOUs face automated Import Rules from 17.09.2024 -... TaxTMI Steel Extending validity of customs valuation rules... TaxTMI New SEBI circular relaxes rules for REITs, enables... TaxTMI Virtual Hearings Mandatory: CBIC Reinstates Video... TaxTMI Apex Court upholds validity of extension of GST... TaxTMI Builders wrongly claimed before Appellate Tribunal... TaxTMI Deductions, expense allocation & miscellaneous... TaxTMI Foreign airline's code-sharing income from India... TaxTMI Reopening of assessment after 4 years and addition... TaxTMI Trade officials wrongly denied export benefits due... TaxTMI License Revoked Without Proper Notice 's license... TaxTMI Settling shareholder feud, ensuring company... TaxTMI Latest Case-Laws TaxTMI Latest Notifications + Circulars TaxTMI GST Council Decisions TaxTMI

Home

Discussions Forum

Home

Forum

FEMA

This

A Public Forum.
Acknowledging the Value of Experts.
Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query My Issues My Replies
A free service.
You may submit an issue for brainstorming also.

← Previous Next →

OVERSEAS INVESTMENT, FEMA

Issue Id: - 3503
Dated: 18-10-2011
By:- SANJAY RAWAL

OVERSEAS INVESTMENT

Contents

PLEASE CONFIRM IF FOLLOWING INTERPRETATION IS CORRECT

1. A RESIDENT INDIVIDUAL CAN REMIT USD 200000 PER ANNUM(UNDER LIBERALISED SCHEME) FOR INVESTMENT IN INCORPORATED jOINT VENTURE ABROAD.IF INVESTMENT IS BEYOND USD 20000 THEN PERMISSION FROM RBI IS REQUIRED

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 19-10-2011
By:- R.S. Mangal

A RESIDENT INDIVIDUAL CAN REMIT USD 200000 PER ANNUM(UNDER LIBERALISED SCHEME) per financial year for any permitted capital or current account transaction. It is pertinent to note that the remittance by resident individual under this scheme is not permitted for setting up a company abroad, however such individual can acquire shares abroad.For remittance beyond USD 200000/ per FY, the other schemes can be looked into.

Page: 1