Previously i am working & living in uk and at that time of i have applied for uk citizenship . If they offer me uk citizenship, i will lose the indian citizenship and stay with indian OCI status.
Recently my father has passed way, still can't digest it. And he is sole proprietor for his business. Now i came back from uk and I am going to take care his business and everything. Just back in mind as backup and futurist purpose, i want to accept the uk citizenship but living in india with OCI status.
Can indian oci status person, transfer the indian firm proprietorship on his name? What are implication to firm for being a OCI proprietor? Need to know all the complications.
How about the personal taxation, will be same as indian citizen? Please advise..
