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.?
New Joinee (none) 22 April 2009
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.?
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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