Foreign Remittance for Indian Branch
This query is : Open
Aparna Joshi
(Querist)
18 February 2011
Sir,
Ours is a Branch Office of a Foreign company. We are in need of funds for expansions in India. How can we take advance from our Head Office? Are there any RBI/FEMA guidelines for the same? Pls Advise.
Ours is a Branch Office of a Foreign company. We are in need of funds for expansions in India. How can we take advance from our Head Office? Are there any RBI/FEMA guidelines for the same? Pls Advise.
CA. Anuj Gupta
(Expert)
19 February 2011
Ya there are seprate guidelines for the same by RBI but they permit taking money from head office.The money can be taken from Head Office as the Indian entity as well as foreign entity are same for the purposes of Income tax.
Anuj
9810106211
Anuj
9810106211
Aparna Joshi
(Querist)
19 February 2011
Thankyou Anuj. Can you please guide me on where can i read these guidelines?
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