Form a1 under fema
This query is : Resolved
31 May 2012
Hello experts,
Is is necessary that we have to submit individual form A1 for each foreign payment. If I have 20payments being made on a single, can we have cover sheet mentioing total amount and add annexure with list of payments? Currently if I have 50 payments in a day, we have sign and submit 50 A1 forms. Wondering what if the number of payments are very high like 100!! are we expected to sign and send 100 forms?
Thanks
Raj
Is is necessary that we have to submit individual form A1 for each foreign payment. If I have 20payments being made on a single, can we have cover sheet mentioing total amount and add annexure with list of payments? Currently if I have 50 payments in a day, we have sign and submit 50 A1 forms. Wondering what if the number of payments are very high like 100!! are we expected to sign and send 100 forms?
Thanks
Raj
Vishal D Shah
(Expert)
31 May 2012
Yes definetely.
If the party is same you may make annexure to Form A1 and submit the same.
regards,
cavishalshah@gmail.com
If the party is same you may make annexure to Form A1 and submit the same.
regards,
cavishalshah@gmail.com
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