person resident

Attention of Authorised Dealer Category – I banks is invited to Notification No. FEMA 22/2000-RB dated May 3, 2000 viz. Foreign Exchange Management (Establishment in India of Branch or Office or other Place of Business) Regulations, 2000 as amended from time to time, in terms of which a person resident outside India requires prior approval of the Reserve Bank for establishing Branch (BO)/ Liaison Offices (LO) in India. Full Article

Payment of salary outside India to employees of a foreign company who are on secondment to an office, branch, subsidiary or joint venture in India (Indian entity) of the foreign company. The remittance of salary received by foreign nationals whilst resident in India who are employees of Indian companies. Full Article

SUMMARY OF CASE LAW Deduction under section 80HHF does not hinge upon production of film software, but it essentially involves the element of export or transfer by any means of film software, outside India; mere allotment of IEC does not ipso facto leads to the conclusion that the assessee transferred software outside India. Full Article

Chartered Accountant charged with FERA violation and Rs 26 lakhs penalty imposed – His plea that he was not a person resident in India, not accepted because documents not authenticated – Matter remanded: Bombay High Court  MUMBAI, MAY 20, 2009: BY this appeal, the appellant seeks to challenge the order passed by the Appellate Tribunal [...] Full Article