https://www.taxtmi.com/news?id=14685 Rules govern establishment, operation and reporting for foreign Liaison Office, Branch Office and Project Office in India: Form FNC applications to the Reserve Bank via an Authorised Dealer are considered under Reserve Bank or Government routes; sanctions consider track record and net worth; LOs are limited to liaison activities funded by head office remittances while BOs may undertake specified commercial activities but not retail trading or manufacturing; BO profits are remittable net of taxes subject to audit and CA certification; POs require contract and funding conditions and may maintain specified foreign currency accounts; nationality, property, reporting and winding-up conditions apply. en-us Thu, 09 Jul 2015 11:23:29 +0530 Thu, 09 Jul 2015 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14685 Rules govern establishment, operation and reporting for foreign Liaison Office, Branch Office and Project Office in India: Form FNC applications to the Reserve Bank via an Authorised Dealer are considered under Reserve Bank or Government routes; sanctions consider track record and net worth; LOs are limited to liaison activities funded by head office remittances while BOs may undertake specified commercial activities but not retail trading or manufacturing; BO profits are remittable net of taxes subject to audit and CA certification; POs require contract and funding conditions and may maintain specified foreign currency accounts; nationality, property, reporting and winding-up conditions apply. News - Thu, 09 Jul 2015 11:23:29 +0530 https://www.taxtmi.com/news?id=14685