RBI permission for salary from foreign company
This query is : Resolved
Quick Summary
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...........
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