OVERSEAS INVESTMENT

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..... 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 INVESTM .....

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..... ENT IS BEYOND USD 20000 THEN PERMISSION FROM RBI IS REQUIRED - Reply By R.S. Mangal - The Reply = A RESIDENT INDIVIDUAL CAN REMIT USD 200000 PER ANNUM(UNDER LIBERALISED SCHEME) per financial year fo .....

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..... r 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 s .....

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..... uch individual can acquire shares abroad.For remittance beyond USD 200000/ per FY, the other schemes can be looked into. - OVERSEAS INVESTMENT - Query Started By: - SANJAY RAWAL Dated:- 18-10-2011 F .....

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..... EMA - Foreign Exchange Management - Got 1 Reply - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - t .....

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..... axmanagementindia.com - TMI - TaxTMI - TMITax .....

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