RBI permission for salary from foreign company
This query is : Resolved
05 June 2021
Respected Experts,
Kindly let me know that if a person performs his job (Work from home in India) for a foreign company situated in Thailand and till COVID-19 he is allowed to work from India only and his salary if deposited in Thailand and remitted to India which he can withdraw from HDFC bank .
Will he or his employer is required to take permission under FEMA 1999 or any other Act for the above ?
Thanks in Advance
Kindly let me know that if a person performs his job (Work from home in India) for a foreign company situated in Thailand and till COVID-19 he is allowed to work from India only and his salary if deposited in Thailand and remitted to India which he can withdraw from HDFC bank .
Will he or his employer is required to take permission under FEMA 1999 or any other Act for the above ?
Thanks in Advance
05 June 2021
He or his employer is not required to take permission under FEMA 1999 or any other Act.
No restriction for salary payment and inward remittance.
No restriction for salary payment and inward remittance.
07 June 2021
Thank you sir for your quick reply, just a little doubt if his salary deposited there in Thailand in a bank , which he(Employee) transfers electronically in his HDFC bank account in India to withdraw it in India then also no such permission is required ? Kindly let me know .I shall remain ever grateful to you.
Thanks
Thanks
07 June 2021
Then also no such permission is required.
07 June 2021
You are welcome...........
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
- About TDS & Income Tax
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Can partnership firm show income under 44ad
- Regarding ITR filing with more value than showing in AIS/TIS
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
