Hello everybody, I have couple of questions being an NRI.
1)What % of share can an NRI eligible to receive in a indian partnership firm?(any restriction), Can this partner NRI eligible to get paid in salary as well? If yes, is he eligible to pay in india and does he has to show it as a global income when he file his taxes both in USA and India?
2) Can I consider services from my other NRI friends and run a payroll in india, by deducting TDS in india so that I can deposit in thier indian bank accounts associated with their PAN numbers?( the partnership firm is a internet based services company).
Any help is highly appreciated. Thankyou