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deepika (student)     05 July 2011

Set-off under FEMA

can an about be set-off between a resident and a non-resident under FEMA?



Learning

 5 Replies

pratik (self working)     05 July 2011

what

deepika (student)     05 July 2011

 

soryy 4 d typo there- here's d question again.

 

Can an 'amount' be set-off between a resident and a non-resident under FEMA?

 

-amount here would be the receivables and paybles between the resident and non-resident.

 

Anuj Gupta (Dealing with FEMA/FDI FCRA TP & Int.Tax)     27 September 2011

no

deepika (student)     28 September 2011

Could you please provide me with the relevent provisions in this regard.

Thanks.

Anuj Gupta (Dealing with FEMA/FDI FCRA TP & Int.Tax)     28 September 2011

Kindly check Master Circular on Export of Goods & Services .

 

 

Anuj


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