[Inpycon] Receiving funds from foreign sponsors

[Kenneth Gonsalves]

On Mon, 2011-03-14 at 17:54 +0530, Dhananjay Nene 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.
> >
> 
> Can we stick to solutions that work in letter and spirit please ? 

that is my view. 
-- 
regards
Kenneth Gonsalves
http://lawgon.livejournal.com/