I have filed the FCTRS (Foreign Currency Transfer of Shares) form with the Reserve Bank of India (RBI). Recently, I received a query requesting non-trade advice from the bank. What steps should I take to respond to this query effectively?
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Hello Professionals
What Documentary evidence for transfer of shares to be attached while doing Foreign Currency Transfer means do I need to attach a share certificate or share transfer deed?
- Where the Company has traded or invested in Crypto currency or Virtual Currency during the financial year, the following shall be disclosed: a. profit or loss on transactions involving Crypto currency or Virtual Currency
amount of currency held as at the reporting date,
deposits or advances from any person for the purpose of trading or investing in Crypto Currency/ virtual currency
How to show? any format ?
currency
required
virtual
crypto
disclosure
As Balance sheet prepared on Accrual Basis and also accounting is done on that basis so it shall be on Accrual basis only.
An Intermediary service provider need to pay GST on services exported by him to foreign entity? If yes whether he needs to charge CGST & SGST or IGST? as services being provided to foreign company. also foreign amount is received in foreign currency.
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Can a Resident Indian give Loan / Gift to his related Resident Indian in Foreign Currency? Will it be under LRS?
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