Foreign money

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Business
73 Points Posted on 28 July 2011

Any one give suggestions to me on below quires

 One of my cline provide service to Foreign company  and raise bill of Rs. 25 core . In this case is it applicable

  1. Service Tax
  2. Is It Covered in FEMA ACT or any other Act for received money
  3. Is it required Permission of RBI or Foreign Exchange Depart and Bank?
  4. What about TDS?

 

Pleases Advise me Urgent

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On 28 July 2011 at 16:31 Report
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B.Com M.Com CAFinal
93 Points Posted on 28 July 2011

I give u suggestions that till my knowledge of  Your Question

 One of my cline provide service to Foreign company  and raise bill of Rs. 25 core . In this case is it applicable

  1. Service Tax is Applicable
  2. In this Point I am not confermed
  3. No requirement to  Permission of RBI or Foreign Exchange Department and Bank
  4. TDS is 30% on Bill Amount
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On 28 July 2011 at 16:50

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