Can I setoff my foreign exchange payables against same party receivables and pay remaining amount only to that foreign party (e.g. US based software company) according to FEMA?
Can I setoff my foreign exchange payables against same party receivables and pay remaining amount only to that foreign party (e.g. US based software company) according to FEMA?
dear sir
please check circular for 18/2009 so it is valid for 2009-10
beforre that
please check for referance
which is vaild for 2008-09
sorry wrong attachement you can take set off not any problem
thank u sir for the reply
But can you send me any reliable source or notification related to that.
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
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Aggarwal Sarawagi and Co
New Delhi
CA
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
