Fema

This query is : Resolved 

06 August 2011 Dear All, Plz provide the solutions of the following queries:-



i) If an individual providing Website Promotion & SEO services outside India, does he need to take IEC no.

ii) Also, is he required to register anywhere else to provide services outside India?

iii) He is receiving his payments through pay-pal. So how would FEMA provisions will apply to him?



Thanx in advance

16 October 2011 1. Not very sure, but seems no registration is required for the same.

2.No, service tax issue may need to be checked if receipt crosses 10 lakh.

3.No issues, now the paypal limit has also been increased.

Anuj
+91-9810106211
femaquery@gmail.com

17 October 2011 Thanx Sir for your valuable reply.

What is the paypal limit in this regard.

17 October 2011 3000$ per remmitance.Indian persons using Paypal accounts to receive funds would need to add their PAN (Permanent Account Number) and bank account details to comply with the RBI guidelines.

Anuj
+91-9810106211
femaquery@gmail.com


17 October 2011 thank u sir


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