Foreign directpayment in my account
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 May 2013
Hello everyone,
Recently I have imported rough diomond around 13000$ and export them to same party after doing job work an 16600$.
now if party will deposit the same profit amount in my account 6600$ then if there is any problem done with legal point of view or taxation purpose?
Or what process should I consider regarding this?
Thanks in advance.
Recently I have imported rough diomond around 13000$ and export them to same party after doing job work an 16600$.
now if party will deposit the same profit amount in my account 6600$ then if there is any problem done with legal point of view or taxation purpose?
Or what process should I consider regarding this?
Thanks in advance.
RAMESH KUMAR VERMA
(Expert)
26 July 2013
IF THIS AMOUNT IS IN CREDIT IN EEFC ACCOUNBT DO NOT CHAOS.
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