Expenses incurred by Holding co. in US

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Gurdeep Singh (Querist)
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12 February 2010 Hi

If any expenses incurred by holding co abroad and they raised a debit note on india for this.

Is there any prior approval is required from RBI to book those expenses here?

Regards
Gurdeep

CA. B.SRINIVASULU

CA. B.SRINIVASULU (Expert)
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13 February 2010 Check the nature of expenses and those expenses should not fall under the category not allowed by RBI. (refer master circular issued by rbi under fema - payments to foreign countries).

Then you have to obtain certificate from CA in 15cB. Upload form IT 15CA.

Then you can make payment through your banker.