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Trade Receipt by branch in India on behalf of Foreign Head Office, FEMA |
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Trade Receipt by branch in India on behalf of Foreign Head Office |
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A foreign company undertook consultancy work for a Govt Company. It then opened a branch office i India and obtained PAN. The Govt company made payment to Indian branch in Rupees and deducted tax at source. Is this in compliance of FEMA/RBI guidelines?
Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
In our opinion receipt at the Indian Branch invoiling payment in Indian Rupees would not involve the compliance of RBI/FEMA. Page: 1 Old Query - New Comments are closed. |
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