Payment out of india
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 December 2012
A person is proceeding to Brunei Darussalam for office work. He will be required to make payment to foreign consultants, officials for the following services, please let me know the tax implication of payment modes, Can he pay in cash (USD) or by TCs (USD).
1. Subsistence Allowance to Researchers Rs. 10000X8=80,000
2. Country Research Manager Honorarium Rs. 55,000
3. Rapporteur Rs. 35,000
Please Advice
1. Subsistence Allowance to Researchers Rs. 10000X8=80,000
2. Country Research Manager Honorarium Rs. 55,000
3. Rapporteur Rs. 35,000
Please Advice
CA. Anuj Gupta
(Expert)
14 December 2012
As per FEMA you are allowed to take upto US$ 25,000/- for business trip.
Also the answer shall depend on whether the services of the persons is utilised for business in India or outside India.
Anuj
femaquery@gmail.com
Also the answer shall depend on whether the services of the persons is utilised for business in India or outside India.
Anuj
femaquery@gmail.com
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
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
