Hi,
We are 1 STP unit & monthly we bill to our client "A" in USA. We got 1 more client "B" in USA itself, but this client cannot wire the funds to us (having some internal issues). They suggested that if B can pay cheque to A & in turn A will transfer us the funds. Will it be OK ?
How this will be settled in Bank ? is it ok under Transfer Pricing & FEMA ?
Please let me know your suggestions
Regards
Baljeet
I do not think this is OK neither in FEMA nor Transfer Pricing or normal accounting principles and conventions.
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
S.B.G. & CO. CHARTERED ACCOUNTANTS
New Delhi
CA Inter
View Details
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
