Outward Remittance | Vkeel - Free Legal Advice

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Vadodara

My Company X and a foreign company Y have a joint venture in India. X entered into an agreement with Y by which Y sold his equity in the JV to X. X needs to transfer money to Y based in China. Are there any RBI regulations on such outward remittance by corporates?

Expert's Answers(3)

Advocate J L Naagar
Jalandhar, Punjab

169 Client Ratings

Please manage to contact a Your corporate lawyer who will be able to guide you properly and effectively on the subject. Please give me Rank Five and follow me after reviewing my resume and book a consultation for further discussion and explanation if required.

March 8, 2021
Advocate Anik
Bengaluru, Karnataka

66 Client Ratings

Hi, You will have to look into the provisions of the Income Tax Act to determine your tax liabilities. If you found this helpful, please rate us.

March 4, 2021
xxxxx cxxxxx
Bengaluru, Karnataka

184 Client Ratings

Dear Sir, You may contact Corporate Advocate. Please give me rank after viewing my details. Please call me for further assistance.

March 4, 2021