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New Joinee (none)     25 April 2009

FEMA Related query

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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 2 Replies

Rajesh Kumar (Advocate)     05 May 2009

yes

New Joinee (none)     05 May 2009

Thanks


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