Can I setoff my foreign exchange payables against same party receivables and pay remaining amount only to that foreign party (e.g. US based software company) according to FEMA?
3 Replies
valji
(Accounts manager-MBA)
(2150 Points)
Replied 31 December 2012
dear sir
please check circular for 18/2009 so it is valid for 2009-10
beforre that
please check for referance
which is vaild for 2008-09
Attached File : 72060 1109502 st not 17 01 04 08.pdf downloaded: 173 times
valji
(Accounts manager-MBA)
(2150 Points)
Replied 31 December 2012
sorry wrong attachement you can take set off not any problem
Ksheeteez Makazu
(Article)
(26 Points)
Replied 31 December 2012
thank u sir for the reply
But can you send me any reliable source or notification related to that.
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