Payment to foreign loan
This query is : Resolved
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 .
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 .
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
15 February 2016
No ,Sir this is not covered under the TP report
18 February 2016
Thanks... Pls connect with me at 91-9899242978 anytime after 5 PM tomorrow ~ Rahul Magan
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