Foreign exchange ???
This query is : Open
26 November 2012
Dear sir
Suppose we raised invoice to our sister concern in Bangladesh of 1000 usd
Can we received this amount from honkong ( also sister concern , our head office ) on behalf of Bangladesh?
experts please reply
thanks
Suppose we raised invoice to our sister concern in Bangladesh of 1000 usd
Can we received this amount from honkong ( also sister concern , our head office ) on behalf of Bangladesh?
experts please reply
thanks
26 November 2012
Yes, this is a revenue transaction.
26 November 2012
means thier is no problem of fema ?
27 November 2012
This is not permitted under FEMA.
Anuj
Femaquery@gmail.com
Anuj
Femaquery@gmail.com
27 November 2012
Mr Anuj is very much correct.
As per Indian rules you have to receive the funds from the country as mentioned in your Invoice.
In case it is received from another source or country your bank will not issue any FIRC which may also harm you during assessment of VAT case.
contact@vkbajaj.co.in
As per Indian rules you have to receive the funds from the country as mentioned in your Invoice.
In case it is received from another source or country your bank will not issue any FIRC which may also harm you during assessment of VAT case.
contact@vkbajaj.co.in
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- Confusion around Form 26QB fields
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Refund of AY 22-23
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Last year input claim shown in gstr9
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- HSN Details in IFF/GSTR-1 & in GSTR 9
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
