Learn about the purpose code for inward remittance in software services. Sriya Enterprise provides expert guidance on compliance and financial transactions. The purpose code for inward remittance related to software services specifies the reason for receiving payments for software development, licensing, or support services. Proper use of this code ensures that transactions are accurately categorized and compliant with financial regulations. This helps in maintaining clear records and avoiding compliance issues. Sriya Enterprise offers insights into using purpose codes effectively for software services and managing financial transactions.
Factor’ has been derived from the Latin word ‘Facere’ which means ‘to make or to do’. According to Webster's Dictionary, ‘Factor’1 is an agent, as a banking or insurance company, engaged in financing the operations of certain companies or in…
