Repayment of expenses by project office

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 April 2015 Dear Experts,

A foreign company (H.O) is having its project office in India, now the project office wants to repay the expenses met by H.O on behalf of them.

Query

1. Procedure for repayment of expenses

Which is the best way to repatriate of shown it as reimbursement of expenses. Please explain the procedure for the same

2. Will there be any change if project office is in loss

THANKS IN ADVANCE

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

19 April 2015 1. Contact your bankers they will guide you the requirement. With the certification from Chartered Accountant it can be remitted.

Querist : Anonymous

Querist : Anonymous (Querist)

19 April 2015 Seetharaman ji,

I need to guide one of my client so i cannot ask him to go to bank & ask.

I want some answers from experts that y i posted in CA Club

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

19 April 2015 See the link.

https://taxguru.in/income-tax/new-form-15ca-15cb-for-information-to-be-furnished-under-sub-section-6-of-section-195-of-the-income-tax-act-1961-relating-to-remittance-of-payments-to-a-non-resident-or-to-a-foreign-company-ca.html

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