Honestly, I think I’m the only 21-yr-old constructing a resort in Nicaragua with out utilizing my own cash.
While the Supreme Court docket’s judgment has reversed the discovering of the Bombay Excessive Courtroom, thereby brightening the spirits of the foreign investor group, it has failed to specific any definitive view on whether or not a non-resident entity can not directly secure assured return on its funding in India by routing the funding by way of an Indian entity which in flip invests by in any other case impermissible debt devices. It is also unclear if the mentioned investment construction devised by FMO is legally compliant and permissible beneath Indian regulation.
Extra importantly, attention maybe drawn to section 276C which accommodates provisions for launching prosecution for wilful attempt to evade tax. The part has been additional amended to supply for rigorous imprisonment (between six months to seven years) the place the …Continue reading