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APPLICATION for FOREIGN OUTWARD REMITTANCE Dear Si Form

APPLICATION for FOREIGN OUTWARD REMITTANCE Dear Si Form

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hi guys welcome back so we are into a new topic foreign remittances and in this topic we will discuss how to account for foreign transactions or any payments we made to a foreign company from India okay so we will understand first of all what is the process how the documents are processed and then afterwards we will try to understand that counting that counting of foreign remittance is a little bit complex but not way tough it's an easy thing if you understand it but you need to understand the complete process first then only we will be able to account for it okay so the foreign immittance which we are talking about is only for any payment made to a foreign company for services rendered okay so we are not talking about import of goods we are talking about import of services okay when we are taking any services online let's say Facebook advertising that is an online service and we are paying for that service that is a foreign remittance okay if the facebook company is not registered in

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