TaxTMI 
TaxTMI 
Payment made by Foreign parent Company for capital goods for Indian entity
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....ayment made by Foreign parent Company for capital goods for Indian entity<br> Query (Issue) Started By: - Roopa Kamath Dated:- 16-3-2021 Last Reply Date:- 26-3-2021 FEMA<br>Got 1 Reply<br>FEMA<br>Hi, ....
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.... A US parent has made payments to a foreign vendor in foreign currency for the goods(computers and laptops) shipped to its india subsidiary. These are subsequently adjust to the monthly billing invoic....
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....es of the subsidary. Are these transactions in violation of FEMA? if yes - what is the way out of this transaction and regularise these? Foreign company has also paid for the rental deposit directly ....
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....to the Indian builder for its premises office in India. Indian subsidiary did not have any bank account during this period. Are these pre incorporation expenses as per RBI/2006-2007/368A. P. (DIR Seri....
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....es) Circular No. 47 dt march 2007?. Are thes etransaction violation of FEMA?. Kindly suggest or advise Reply By YAGAY andSUN: The Reply: Please do check whether such paid amount can be converted in....
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.... FDI or Equity or as additional capital invested.<br> Discussion Forum - Knowledge Sharing ....