Form a-2, for foreign remittance.
Querist : Anonymous
Can someone kindly tell me if Form A-2 is required to be filled for purchase of foreign currency to be give to employees for onsite travel.
Also is the limit for individual transaction restricted to $10000/- per financial year.
Regards.
Limit of $10000/- is for private visit abroad. For business visits limit is $25000.
Querist : Anonymous
This is official visit by employee's going onsite.
Since we purchase currency from T.T.Forex in India and handover the same to the employee both in currency and recharge card will form A2 be applicable.
It is not direct remittance outside India.
Regards,
Querist : Anonymous
T.T.Forex have not asked to submit Form A2 so far.
Can you please advice.
Thanks in advance.
Regards,
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