TaxTMI 
TaxTMI 
Sale proceeds received and spent in foreign bank account
X X X X Extracts X X X X
X X X X Extracts X X X X
....ale proceeds received and spent in foreign bank account<br> Query (Issue) Started By: - chandrashekar Mahadevappa Dated:- 25-10-2018 Last Reply Date:- 25-10-2018 FEMA<br>Got 1 Reply<br>FEMA<br>Hi All,....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Need your guidance on the below issue: A software company has a branch office in USA for sales and marketing. The USA branch office holds a bank account for payment of salaries and other expenses. ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... The company received payments from customers in to the foreign bank account. The company used a small portion of such receipts towards salaries and other expenses in USA. Please let me know the imp....
X X X X Extracts X X X X
X X X X Extracts X X X X
....lications under FEMA since the export proceeds were used in USA without bringing the money in to India. Reply By DR.MARIAPPAN GOVINDARAJAN: The Reply: Your query is to be elaborative still more. Whe....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ther the customers are Indian customers. Whether the services of foreign branch office are rendering in India?<br> Discussion Forum - Knowledge Sharing ....