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Under the Automatic Route

Under the Automatic Route The financial limit for automatic overseas business acquisition, without  without reference either to the Government or the RBI, on a back to hack  ass, that is, through stock swap stock swap is as follows: (j) US dollar 100 million or (ii)...

Gift tax and Wealth Tax

Gift tax and Wealth Tax Holding of GDRs/ADR~ in the hands of non-resident investors and holding of the underlying  shares hy the ODB in a fiduciary capacity and  he transfer of the GDRs/ADR~ between nonresident  nonresident investors and the ODB would he exempt from...