https://www.taxtmi.com/forum/issue?id=1929 Opening and funding a Product Development Centre abroad that only incurs operational costs and yields no revenue is permitted under FEMA, subject to the procedural requirement to intimate the Authorised Dealer for remittances. Income Tax consequences depend on the specific nature of transactions, requiring detailed documentation to assess deductibility, withholding, transfer pricing and treaty effects. en-us Wed, 12 May 2010 12:11:49 +0530 Thu, 23 Jan 2025 15:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1929 Opening and funding a Product Development Centre abroad that only incurs operational costs and yields no revenue is permitted under FEMA, subject to the procedural requirement to intimate the Authorised Dealer for remittances. Income Tax consequences depend on the specific nature of transactions, requiring detailed documentation to assess deductibility, withholding, transfer pricing and treaty effects. Discussion-Forum FEMA Wed, 12 May 2010 12:11:49 +0530 https://www.taxtmi.com/forum/issue?id=1929