11 February 2016
Dear experts, Our client had acquired some services from its related party in US but had not paid the sum for last 3 years. they simply reinstate the liability every year.On the other hand They are selling services to the same vendor.My question is Whether they can set off this account against receivable?Because I dont have that much awareness about FEMA and RBI gudelines regarding same.If possible kindly share its procedure also.
18 February 2016
@ Vishal ~ Pls explain the question again. You are most welcome to quote the name of the company as XYZ. You are also welcome to connect with me at 91-9899242978 in that regards ~ Rahul Magan
CAclubindia
