Friends
What transactions would fall within the ambit of 'expenditure in foreign currency' to be rreported in Form 23ACA in item II B , page 5.
Are these correct examples.
1) We have reimbursed foreign Directors their travelling expenses for coming to India to attend Board and AGM. AD bank was instructed to remit say 100 USD to designated bank of payee
2) Payment in INR to AD money changer for purchase of foreign currency given to employees for official foreign tours.
Regards,
CAclubindia
