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FAQs

Functional Areas

Q While I work for a reputed company abroad (UAE), am I allowed as an NRI to set up a new business in India, not related to my trade, and start the business in my name?

Published on: May 15, 2013, Last updated on: May 15, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I would like to know about the breakdown of costs to open a liaison office in New Delhi: FBC forms, RBI requirements and documents.

Published on: May 14, 2013, Last updated on: May 14, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q What are the possibilities to start a proprietorship business in Trivandrum as an NRI? Amount of investment will be 10-15 lacs.

Published on: May 07, 2013, Last updated on: May 07, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I have recently sold a residential property in India and would like to know the tax implications before I make the next investment. Please advise.

Published on: May 06, 2013, Last updated on: May 06, 2013
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q I want to set up a textile spinning plant. It would be a Private Limited Company with 50/50 partnership with my wife. I will apply for the DIN no as NRI, please advice if I need to take any other special permission?

Published on: May 02, 2013, Last updated on: May 02, 2013
Categories:Direct Investment, Functional Areas, Doing Business in India , Source: Knowledge Partner

Q Can NRI invest in KSFE (Kerala State Financial Enterprise) Chit funds? What will be the tax implication?

Published on: Apr 30, 2013, Last updated on: Apr 30, 2013
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q We are manufacturing snack items in Malaysia and would like to set up a store in India for the purpose of selling in India and also export to Middle East. Can we come to India under FDI and what are the benefits?

Published on: Apr 29, 2013, Last updated on: Apr 29, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I want to know whether TDS will be deducted on the entire amount of sale or only on the Capital gain if I sell my property in India.

Published on: Apr 24, 2013, Last updated on: Apr 24, 2013
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q I am planning to sell my property in Mumbai (which was given to me by my father in 1973), so what are the tax implications? How can I bring my money here after the sale? I am resident of Canada?

Published on: Apr 22, 2013, Last updated on: Apr 22, 2013
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q Do OCI card holders have Freedom of Religion in India as per the Constitution of India?

Published on: Apr 17, 2013, Last updated on: Apr 17, 2013
Categories:Functional Areas, Legal , Source: Knowledge Partner

Q Banks in India are asking for Tax Residency Certificates. There is no authority in Saudi Arabia which can issue such document. Can we submit Residency certificate as we were giving previously?

Published on: Apr 04, 2013, Last updated on: Apr 04, 2013
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q If I buy a property out of NRE funds and later on sell the property and credit the proceeds to my NRO account, what are the tax implications?

Published on: Apr 03, 2013, Last updated on: Apr 03, 2013
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q Is an NRI eligible to open accounts under capital gains account scheme to avail tax benefits?

Published on: Apr 01, 2013, Last updated on: Apr 01, 2013
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q Are auction sites like e-Bay allowed to be owned and operated by PIO - with OCI card holders?

Published on: Mar 28, 2013, Last updated on: Mar 28, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I am based in UK. Is it compulsory to submit tax residency certificate to the Bank to avail the benefits of DTAA? Kindly explain in details.

Published on: Mar 26, 2013, Last updated on: Mar 26, 2013
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q Can I invest in an existing business in India?

Published on: Mar 25, 2013, Last updated on: Mar 25, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q How to setup business while working abroad and later on join it when I return?

Published on: Mar 21, 2013, Last updated on: Mar 21, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q How much percentage a foreign company can invest in healthcare sector?

Published on: Mar 20, 2013, Last updated on: Mar 20, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I and 6 NRIs would like to invest in the proposed project in the budget, the Coconut Neera. Can you guide us?

Published on: Mar 19, 2013, Last updated on: Mar 19, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I need information about the packaging industry (corrugated boxes, medicine boxes, cartons, etc) and the marketing strategy and its scope in Goa and the neighbouring states.

Published on: Mar 18, 2013, Last updated on: Mar 18, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I just sold my property in India and have received a capital gain of INR 27 lacs. I was told I could buy some Government Bonds to offset the capital gains tax. I want to know if I can buy Government Bonds to offset capital gains tax.

Published on: Mar 12, 2013, Last updated on: Mar 12, 2013
Categories:Functional Areas, Taxation , Source: Knowledge Partner

Q I would like to open a petrol pump station in Mangalore, Karnataka. What are the required documents? I have a land adjacent to the road.

Published on: Mar 07, 2013, Last updated on: Mar 07, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q What is the requirement to start a LLC Company?

Published on: Mar 06, 2013, Last updated on: Mar 06, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I would like to start a business in Kerala in building materials in large scale or open a new car sales show room. Which option is better and how much it would cost? Will I get financial support from the Government?

Published on: Feb 26, 2013, Last updated on: Feb 26, 2013
Categories:Functional Areas, Doing Business in India , Source: Knowledge Partner

Q I am an OCI card holder. I would like to invest in an asset reconstruction company as a shareholder and a director of that company. What are the requirements? The Registered office is in Andhra Pradesh. I will invest INR 30,00,000 as a shareholder.

Published on: Feb 19, 2013, Last updated on: Feb 19, 2013
Categories:Direct Investment, Functional Areas, Doing Business in India , Source: Knowledge Partner