If an Indian online Journal charges for upload of articles on it, and if the amount is paid by users outside India in foreign currency, what are the guidelines to be followed in this regard?
foreign remittance from an online journal
Guest
Foreign remittance for paid uploads to Indian online journals raises compliance questions under FEMA guidelines. The core question is whether payments received in foreign currency from non resident users for upload charges to an Indian online journal qualify as foreign remittance and what FEMA compliance and procedural requirements apply; the text records the query and notes that no substantive guidance was supplied, only a follow up asking if the issue was clarified. (AI Summary)
TaxTMI