Complete guide to repatriation of profits from India for foreign companies. Learn about RBI regulations, approval process, tax implications, documentation, and get expert assistance.
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Complete guide to repatriation of profits from India for foreign companies. Learn about RBI regulations, approval process, tax implications, documentation, and expert assistance.
Yes, foreign companies can repatriate profits from India after payment of applicable taxes. Repatriation is subject to RBI regulations and compliance with FEMA guidelines.
Requirements include: payment of all applicable taxes, compliance with FEMA regulations, proper documentation, bank certificate, and in some cases, RBI approval depending on the amount and circumstances.
For most cases, no prior RBI approval is required. However, branch offices may need approval for profit remittance. Repatriation must comply with FEMA regulations and tax obligations.
Dividend Distribution Tax (DDT) was abolished. Now, dividends are taxed in the hands of recipients. TDS may apply on dividend payments. Branch office profits are taxed at 40% before repatriation.
Profit repatriation typically takes 5-10 working days after submission of required documents to the bank. Processing time depends on bank procedures and documentation completeness.
Required documents include: board resolution, audited financial statements, tax payment certificates, bank statements, Form 15CA/15CB (for TDS), and other documents as specified by bank and RBI.
There are no specific limits on profit repatriation for foreign subsidiaries. However, branch offices may have restrictions. All repatriations must comply with FEMA regulations and tax obligations.
Yes, capital investment can be repatriated subject to FEMA regulations. Repatriation of capital requires proper documentation and compliance with investment terms and conditions.
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