NRI investment, on a non-repatriation basis, in Indian firm will be treated as domestic ...United Arab Emirates

Dubai: The clarification issued by India’s Department for Promotion of Industry and Internal Trade (DPIIT) that investments by NRIs on a non-repatriation basis are deemed to be domestic investment at par with the investments made by residents brings more clarity to the legal treatment of these businesses. Investment on repatriation basis means the sale or maturity proceeds of an investment, net of taxes, are eligible to be transferred out of India. In case of non-repatriation investments, this cannot be transferred out of the country under Foreign Exchange Management Act (FEMA). NRI investments that are repatriable are treated foreign direct investment (FDI) while non-repatriable investment

Hence then, the article about nri investment on a non repatriation basis in indian firm will be treated as domestic was published today ( Sunday 21/03/2021 - 05:00 AM ) and is available on Gulf News ( United Arab Emirates ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

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NRI investment, on a non-repatriation basis, in Indian firm will be treated as domestic ...United Arab Emirates

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