Firc for it services company

EXICSE (Legacy) 578 views 1 replies

We are a new IT Services Company and provide development services for our US/UK/Australian clients. We have been getting remittences in our account from last 3 months.

I would like to know what is the LIABILITY as a COMPANY, for FIRC.

1) Do we need to submit the invoices and FIRC certificate to RBI. Are there any forms we need to attache while submitting.

2) FIRC is provided by Our Bank on request. Do they also need to get any bills, details from us

3) Can the Bank submit details to RBI on our behalf ? Or is there thier liability ?

 

As an organizaton, what we need to prepare for not getting penalized in any form.

 

Regards

Ritesh

Replies (1)

It is the duty of authorised dealer to issue FIRC to you and to  RBI. BEfore that bank calls for invoice or similar document form your side.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details