Question
For which of the following 100 % FDI is not allowed?
i. Activities / items that require an Industrial License ii. Setting up of Industrial Parks iii. Setting up Export Oriented Unit iv. Acquisition of shares in an existing Indian company by a foreign / NRI investorSolution
FDI up to 100% is allowed under the automatic route in all activities / sectors except the following which will require approval of the Government: 1.Activities / items that require an Industrial License; 2.Proposals in which the foreign collaborator has a previous / existing venture / tie up in India in the same or allied field 3.All proposals relating to acquisition of shares in an existing Indian company by a foreign / NRI investor. 4.All proposals falling outside notified sectoral policy / caps or under sectors in which FDI is not permitted. The policy permits FDI up to 100 % from foreign / NRI investor without prior approval in most of the sectors including the services sector under automatic route. FDI in sectors / activities under automatic route does not require any prior approval either by the Government or the RBI.
The point at which the liability to charge tax arises is called as the
This kind of audit is conducted generally between two annual audit ______.
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Read the following information to answer the below questions:
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