"Naisar Shah is an Associate Member of the ICAI. He has also completed B.Com, LL.B., and Diploma in International Taxation (ICAI). He has 3 years of post-qualification experience and he specializes in the International Tax/ FEMA/ Transfer Pricing domain. He is currently working with M/s P. R. Bhuta & Co. CAs, which is a boutique firm known for providing foreign exchange laws and international taxation consultancy along with the specific focus on NRI & foreign nationals centric regulatory services in India. He has also contributed to the publications 'FEMA Compounding Orders - A Comprehensive Analysis (Volume I & II)' published by Bloomsbury India. "
Direct Investment by Residents in Joint Venture (JV)/Wholly Owned Subsidiary (WOS) Abroad”, as amended from time to time and Regulation 7 of the Notification FEMA 120/2004-RB, pertaining to provisions for an Indian Party (IP) making investment/ financial commitment in a
Section 9(1)(i) of the Income Tax Act, 1961 was amended vide Finance Act 2018 to bring in the concept of “Significant Economic Presence” (‘SEP’) for establishing a business connection in India of a non-resident. According to the said Section, “significant economic presence” for this purpose shall mean: “transaction in respect of any goods, services or […]
