Receiving foreign fund
This query is : Resolved
02 September 2017
One of my client is about to receive an amount equalent to 30 lakhs Indian rupee from uae in monthly installments with in one year from his brother
What all precautions should be taken to receive funds
What all precautions should be taken to receive funds
02 September 2017
What is the nature of the transaction?
Is it just a remittance to maintain or acquisition of property?
Is it just a remittance to maintain or acquisition of property?
02 September 2017
Nature of fund: given in return for loan taken from my client 5 years before in uae
02 September 2017
Just documenting it with proper correspondence will suffice. No worries
02 September 2017
Documents like,coukd you please give some examples for documents
02 September 2017
I dont mean separate documents. If your client and his brother had already entered into any agreement as such at the time of loan, the same ,for example, can be a document.
If it doesnt exist, the email correspondence about the amount being repaid every month can also be shown as a document
If it doesnt exist, the email correspondence about the amount being repaid every month can also be shown as a document
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
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Sale of property furniture sale
- COP Surrender 2024
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
