Save BIG on 2-Yr Ad-Free CAclubindia Pro Membership. Subscribe Now!

Professional fee coming from outside india

Save Share

This query is : Resolved

Ramit Saxena (Querist)
Follow

07 September 2017 I am an export import consultant / Buying agent. Apart form receving commissions from Indian Exporters, I also get some fee from my foreign clients and incoming wire transfers into my saving's bank account. These wire transfers are regular each month. Recently I was contacted by my bank and was asked to submit an FCRA certificate.
What is an FCRA, and how is it applicable to me being an individual?
Is it mandatory? If yes, How can i get this issued?

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

07 September 2017 you better ask the clarification from your Bank. It seems that there is some confusion on the part of your Banker.....FCRA per se is not applicable in your case. Try to find out what exactly your Banker wants from you?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now