Commission received from foreign company

This query is : Resolved

Govind (Querist)
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29 August 2013 We receive Commission from Foreign Company in foreign currency against Orders booked in india, we need to know what documents against such commission need to maintain to comply with FAMA/RBI regulation, if any

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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29 August 2013 it seems that you are SERVICE PROVIDER.

hence get the FIRC from your banker and submit on RBI.

if you are wish to get sfis scheme call us we provide you sfis licence from DGFT

must read: DGFT Notification No. 17 (RE-2010)/2009-2014

18th January, 2011