Foreign Curreny remitance
This query is : Resolved
Quick Summary
akshay maloo
(Querist)
22 November 2022
My client is receiving some amount from foreign companies directly into his Indian bank account for the services provided to its Indian Branch / Foreign branch. Is there any FEMA applicability on him
CA R SEETHARAMAN
(Expert)
22 November 2022
As per FEMA requirement it should be received through authorised dealers.
akshay maloo
(Querist)
22 November 2022
Thank You Sir.
Can you please tell how to check whether dealer is authorised or not. Also is there any reporting liability?
Can you please tell how to check whether dealer is authorised or not. Also is there any reporting liability?
CA R SEETHARAMAN
(Expert)
22 November 2022
Banks are authorised dealers.
Banks will take care of reporting requirements.
Banks will take care of reporting requirements.
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