Foreign inward remittances.

Originally posted by : jeets
	Hello Experts, Can a foreign company remit money to its Indian subsidiary to meet the day to day expenses or sundry client expenses? What are the compliances attached to it if any ? Please advice. Thanks,

Money from foreign holding Co. can't come in for meeting the day to day expenses or sundry client expenses.

You need to properly evaluate whether to bring in loans ,Share capital or charge for services by indian company to foreign Company.

There are taxation angels also involvd in the same .

Anuj

+91-9810106211

femaquery @ gmail.com

Sir,

Further to the above query,

In case, we charge for services by Indian company to foreign Company,

Foreign remittances in this scenario should be intimated to RBI or not,

If yes, which form should we file?

If no, then up to what amount can be remitted.

Kindly guide,

Thanks,

JJ