Foreign exchange ???
This query is : Open
uday singh Negi
(Querist)
26 November 2012
Dear sir
Suppose we raised invoice to our sister concern in Bangladesh of 1000 usd
Can we received this amount from honkong ( also sister concern , our head office ) on behalf of Bangladesh?
experts please reply
thanks
Suppose we raised invoice to our sister concern in Bangladesh of 1000 usd
Can we received this amount from honkong ( also sister concern , our head office ) on behalf of Bangladesh?
experts please reply
thanks
CA Hardik Bunha
(Expert)
26 November 2012
Yes, this is a revenue transaction.
uday singh Negi
(Querist)
26 November 2012
means thier is no problem of fema ?
CA. Anuj Gupta
(Expert)
27 November 2012
This is not permitted under FEMA.
Anuj
Femaquery@gmail.com
Anuj
Femaquery@gmail.com
27 November 2012
Mr Anuj is very much correct.
As per Indian rules you have to receive the funds from the country as mentioned in your Invoice.
In case it is received from another source or country your bank will not issue any FIRC which may also harm you during assessment of VAT case.
contact@vkbajaj.co.in
As per Indian rules you have to receive the funds from the country as mentioned in your Invoice.
In case it is received from another source or country your bank will not issue any FIRC which may also harm you during assessment of VAT case.
contact@vkbajaj.co.in
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Taxation of crypto futures in India Fy 2026- 2027
- Issuing of delivery challan by seller of goods
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
