04 January 2010
Is the company first of all which is making payment an indian company or not? if yes then whether the payment is made in currencies other than IRS is only the mode of paymnet but otherwise the nature of the transaction remains the same, hence whether the payment to china tv is made in usd or in irs it wont make any diffence unl;ess the company is an indian company which is wholly cinroporated in India.
The company which is making the payment is an indian company.
CAclubindia
