One of my client has approached me to issue CA certficate(15CB) for foreign remmitance to non resident. The nature of payment is commission. The party(Say X) with whom my client had entered into an agreement and receive invoice is from Bangladesh having no PE in India(no PAN). But the Bangladesh party in his invoice has suggested to make payment to another party(say Y)in singapore.
My query: 1) Whether such remmitance is allowed?
2) If yes, than as remittance is made to Y in singapore on behalf of X in Bangladesh, whether I can issue certificate on Y name?
CAclubindia
