FEMA service import regulations govern overseas payments made for professional services, software, consultancy, royalties, and other imported services. Businesses must comply with RBI reporting requirements, select the correct purpose codes, and ensure proper tax documentation before initiating remittances. Strong compliance practices help avoid banking delays, FEMA notices, and transaction rejections.
From April 1, 2026, Form 15CA is replaced by Form 145, changing how Indians send money abroad under new compliance rules. Here’s how Rs 5 lakh and Rs 10 lakh limits work, and what 20% TCS means for your overseas…
info@sriyaent.com
+91 9825375241