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
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