We are unlisted public ltd co have a wholly owned subsidiary in Mauritius. In view of pending APR Returns to RBI, company is barred from remitting Money to WOS. Ours is family owned company and daughter of promoter cum director privately remit under LRS. How to show this account Entry in books of accounts.
1 Replies
Rama chary Rachakonda
(Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294)
(7851 Points)
Replied 18 April 2025
*Credit*: Bank account (for the remittance made)
*Tax implications*: Consider tax implications for the director/promoter and the company.
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