Expenses incurred by Holding co. in US
This query is : Resolved
Gurdeep Singh
(Querist)
12 February 2010
Hi
If any expenses incurred by holding co abroad and they raised a debit note on india for this.
Is there any prior approval is required from RBI to book those expenses here?
Regards
Gurdeep
If any expenses incurred by holding co abroad and they raised a debit note on india for this.
Is there any prior approval is required from RBI to book those expenses here?
Regards
Gurdeep
CA. B.SRINIVASULU
(Expert)
13 February 2010
Check the nature of expenses and those expenses should not fall under the category not allowed by RBI. (refer master circular issued by rbi under fema - payments to foreign countries).
Then you have to obtain certificate from CA in 15cB. Upload form IT 15CA.
Then you can make payment through your banker.
Then you have to obtain certificate from CA in 15cB. Upload form IT 15CA.
Then you can make payment through your banker.
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