Fema provision
This query is : Resolved
10 August 2017
Respected Members
Please help me in the given below issue:
XYZ Pvt Ltd is registered Indian company and a service provider. XYZ is availing professional & technical service through outside India. The payment for the same automatically debited from the companies credit card.
My question, Is there any Threshold limit for making payment, Is RBI approval is required for making these payments or do we require to make payment by issuing form 15CA and CB.
Please advice with reference.
Thank you.
Please help me in the given below issue:
XYZ Pvt Ltd is registered Indian company and a service provider. XYZ is availing professional & technical service through outside India. The payment for the same automatically debited from the companies credit card.
My question, Is there any Threshold limit for making payment, Is RBI approval is required for making these payments or do we require to make payment by issuing form 15CA and CB.
Please advice with reference.
Thank you.
CA R SEETHARAMAN
(Expert)
10 August 2017
You need to make payment by issuing 15CA and 15CB
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