My client want to received amt in cr from his sister which lives in Germany for doing business in India
Can he do so.
Or any reporting
Dear Pankaj.
If business is carried in your client name then no reporting.
the money received is under personal capacity and there is an upper cap for current account transaction.
if she wants to run a business then it will be different and reporting required.
For more details you can contact me at sthayin @ gmail
CAclubindia
