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New Joinee (none)     22 April 2009

FEMA related

Can a co. spend on personal travel expenses of  a NR ( customer / vendor) and have the same received by the US holding co and then remitted back to India through the US holding co.?



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 1 Replies

Rajendran Nallusamy (Advocate)     26 April 2009

The Indian company can make payment in Rupees to its non-wholetime director towards travel expenses to n fro and within India, sitting fees, commission or remuneration as agreed which can be repatriated abroad after payment of taxes.


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