My client want to received amt in cr from his sister which lives in Germany for doing business in India
Can he do so.
Or any reporting
Menu
Money received from foreign
Replies (1)
Dear Pankaj.
If business is carried in your client name then no reporting.
the money received is under personal capacity and there is an upper cap for current account transaction.
if she wants to run a business then it will be different and reporting required.
For more details you can contact me at sthayin @ gmail
If business is carried in your client name then no reporting.
the money received is under personal capacity and there is an upper cap for current account transaction.
if she wants to run a business then it will be different and reporting required.
For more details you can contact me at sthayin @ gmail
Recent Topics :
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
- FCGPR of a past period
- Discuss and Download CA Final Question Paper Nov 2
- Does Parag gupta's booster batch good for CA Inter
- Police Bandobost and GST Invoice
- Understanding where manual effort goes in audit wo
Related Topics :
CAclubindia
