https://www.taxtmi.com/news?id=15553 For foreign companies without a physical Indian presence, the Rules should require reporting of the principal place of business from which Indian operations are managed; a closure form for liaison/branch/project offices should be prescribed; Chapter VI obligations should be clarified to apply only to charges on funds raised in India; Form FC-4 disclosures should be reviewed; and Chapter X should be limited to provisions relevant to audit of Indian accounts, excluding those requiring board or shareholder approvals in India. en-us Tue, 02 Feb 2016 18:50:44 +0530 Tue, 02 Feb 2016 18:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=15553 For foreign companies without a physical Indian presence, the Rules should require reporting of the principal place of business from which Indian operations are managed; a closure form for liaison/branch/project offices should be prescribed; Chapter VI obligations should be clarified to apply only to charges on funds raised in India; Form FC-4 disclosures should be reviewed; and Chapter X should be limited to provisions relevant to audit of Indian accounts, excluding those requiring board or shareholder approvals in India. News - Tue, 02 Feb 2016 18:50:44 +0530 https://www.taxtmi.com/news?id=15553