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Versions Form popularity Fillable & printable
2016 4.6 Satisfied (40 Votes)
2015 4.6 Satisfied (45 Votes)
2013 4.5 Satisfied (49 Votes)
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Types of remittances Inward remittances. When the money is received by a person/company from abroad or other institution, its said to be an inward remittance. Outward remittances. When the money is sent from the home country to a person/company/ other institution residing abroad, it is called outward remittance.
Remittances are typically transfers from one person to anoth- er person or household. They are targeted to specific needs of the recipients and thus tend to reduce poverty.
A remittance copy is a document or proof of payment provided to a payee as confirmation of funds sent.
Remittance is the sending of money from one person (or entity) to another, or from one place to another place. Remittances can have tax implications. For example, the payment of a business bill will usually attract some tax relief for the business.
What is Remittance Advice? Remittance advice is a proof of payment letter sent by a customer to a supplier that verifies they have paid their invoicesometimes, the payment is sent with the letter if they pay by check.
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