Applicability of circular no. 101 - rbi/2014-15/599

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 August 2015 Dear Sir/Madam,

We are running a BPO for USA based company.

So I just want to know whether such services by BPO will be treated as software for the purpose of Regulation 6 of the Notification No. FEMA 23/2000-RB Dated May 3, 2000.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 August 2015 Services by BPO will not be treated as software for the purpose of regulation 6 of the Notification No FEMA 23/2000-RB.

Querist : Anonymous

Querist : Anonymous (Querist)

04 August 2015 Sir,

Software defined in FEMA Regulation is defined as

any computer programme, database,drawing, design, audio/video signals, any information by whatever named called in or on any media other than in or on any physical medium.

So, would it be cover as audio/video signals, any information?