[Inpycon] Receiving funds from foreign sponsors

[Sreekanth S Rameshaiah]

Dear all,
This list is public and archived. Please exercise restraint/ caution when
dwelling on legal/ statutory matters.
Regards,
- sree

On 14 March 2011 18:05, Noufal Ibrahim <noufal at gmail.com> wrote:

> On Mon, Mar 14 2011, Ramdas S wrote:
>
>
> [...]
>
> >  I have spoken to my CA, and he has provided couple of loopholes, all
> > we need to do is show, the foreign entity as a collaborator, and take
> > the bill in name of a local company, and then raise an invoice back to
> > the foreign entity from the company.  There would be the small element
> > of 10.3% of service tax involved, which can be waived off under some
> > clause, which has to be shown through some paper work. I think this
> > should not be a problem.
>
> Loopholes are not something I'd like to step into and I think I speak
> for the majority of the people here.
>
> --
>



-- 
Sreekanth S Rameshaiah
Executive Director
Mahiti Infotech Pvt. Ltd.
"OpenSpace", #583,
Vyalikaval HBCS Layout,
Nagawara, Veerannapalya,
Bangalore, India - 560043
Phone:  +91 80 4343 7373
Mobile:  +91 98455 12611
www.mahiti.org
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://mail.python.org/pipermail/inpycon/attachments/20110314/a5b2751a/attachment.html>