https://www.taxtmi.com/forum/issue?id=121047 Export proceeds for software services must be realised and routed through an Authorised Dealer bank, but no identified RBI/FEMA provision expressly requires a sole proprietor to use a Current Account. No identified FEMA provision or RBI notification expressly prohibits correction of an erroneous purpose code where supporting evidence establishes that the remittance relates to software export services. A mismatch between family-maintenance and software-services classification may affect export documentation and compliance. The bank should be asked in writing to record the correct purpose and cite any regulatory basis for refusing correction. en-us Tue, 28 Jul 2026 16:01:36 +0530 Wed, 12 Aug 2026 11:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121047 Export proceeds for software services must be realised and routed through an Authorised Dealer bank, but no identified RBI/FEMA provision expressly requires a sole proprietor to use a Current Account. No identified FEMA provision or RBI notification expressly prohibits correction of an erroneous purpose code where supporting evidence establishes that the remittance relates to software export services. A mismatch between family-maintenance and software-services classification may affect export documentation and compliance. The bank should be asked in writing to record the correct purpose and cite any regulatory basis for refusing correction. Discussion-Forum Companies Law Tue, 28 Jul 2026 16:01:36 +0530 https://www.taxtmi.com/forum/issue?id=121047