DEAR SIR,
KINDLY LET ME KNOW THAT ONE OF MY CLIENT IS GOING TO IMPORT OIL FROM DUBAI BASED PARTY INVOICE IS MADE ON THE NAME OFMY CLIENT AND MY CLIENT IS PAYING THE INVOICE VALUE(PAYMENT) TO A DELHI BASED FIRM WHO IS KNOWN TO DUBAI BASED PARTY.AND THAT DELHI BASED PARTIES IS TRANSFERRING THE PAYMENT TO DUBAI BASED FROM HIS OWN ACCOUNT.
SO I WANT TO KNOW SHOULD I PAY THE PAYMENT DIRECTLY TO DUBAI BASED PARTY OR CAN PAY TO THE DELHI BASED PARTIES AND LATER ON CAN TRANSFER THE ENTRIES TO DUBAI BASED PARTIES.
WHAT PROBLEM MAY I FACE FROM THE SIDE OF INCOME TAX OR FEMA FOR PAYING PAYMENT TO DELHI BASED PARTIES AND LATER TRANSFERRING THE PAYMENT TO DUBAI BASED PARTIES.
THANKING YOU
J S JANDU
CAclubindia
