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In case international investments are made by a foreign company as per the Reserve Bank policy and necessary compliances are made, the foreign trade might be remitted freely to India and also remittances could be made from India for dividends and capital beneficial properties on gross sales of shares after cost of necessary revenue tax and compliances with certain procedures which are pretty established. Upon compliance with obligatory procedures and allotment of a registration quantity by Reserve Bank of India for the foreign investments, the dividends declared by the Indian Joint Venture or company are freely repatriable after payment of Dividend tax (presently taxed at 16.995% in 100% subsidiary in India. As you’ll have guessed by now, he additionally failed to obtain his payment for a while and a company owing cash to you, and who knows how many others, just isn’t in a hurry to get again to you. It’s doubtful that much cash was ever made from this, at least nobody mentioned otherwise.
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