CA Pooja Agarwal (Chartered Accountant) (3228 Points)
17 July 2013My client is an indian software co. expoting software and providing IT solutions abroad.
Whether the Co. can accept payment in foreign currency through online mode.
Are there any FEMA restrictions on this.?
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26258 Points)
Replied 17 July 2013
All exports proceeds to be routed through Authorized Dealers.
.
Better approach the banker with whom the firm is having its account.
.
You may also refer MASTER CIRCULAR issued by RBI in this respect.
.
https://www.rbi.org.in/scriptttts/ECMUserView.aspx?Id=30&CatID=10
.
CA SURENDRA KUMAR RAKHECHA
(Practising CA at Surat)
(26258 Points)
Replied 17 July 2013
You may also refer this Master Circular : Page 6 last para :
.
https://www.rbi.org.in/commonman/Upload/English/Notification/PDFs/10ME290611FL.pdf
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