Payment to foreign loan

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This query is : Resolved

Abhishek Gupta (Querist)

10 February 2016 Lets start with example a company name "A"(USA) have reimburse the expenses of "B" (India) in FY 2012-2013. which is outstanding as balance in balance sheet of "B" amounting to 15 lakh till FY 2015-2016 . Relation between "A" nd "B" is holding and subsidary i.e. A is Holding.
In the balance of last year a notes is shown that it is non compliance of FEMA .
Also there is no reporting to RBI .

Should we make the payment or what should we do ? Also there is non compliance of FEMA then How?

Please clear the provision regarding this .

Rahul Magan

Rahul Magan (Expert)

13 February 2016 Well Sir... first of all Pls clear that such reimbursement is under TP or not ?? TP stands for Transfer Pricing.... ~ Rahul Magan ( 91-9899242978 )

Message likes : 1 times

Abhishek Gupta

Abhishek Gupta (Querist)

15 February 2016 No ,Sir this is not covered under the TP report

Rahul Magan

Rahul Magan (Expert)

18 February 2016 Thanks... Pls connect with me at 91-9899242978 anytime after 5 PM tomorrow ~ Rahul Magan

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