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What is proof of remittance?

The remittance letter is merely a notification from the customer making the payment to the supplier or company that the invoice or balance owed has been paid. However, a remittance letter is not proof of payment, nor does it prove that the enclosed check cleared properly through the customers bank.

What is foreign inward remittance?

Inward remittance refers to the transfer of money to Indian from abroad. For example, when you receive money in your Indian bank account from a relative abroad, it is called inward remittance.

What is inward remittance disposal?

Inward remittance refers to the transfer of money to Indian from abroad. For example, when you receive money in your Indian bank account from a relative abroad, it is called inward remittance.

How do you give the disposal instruction for foreign inward remittance?

0:22 1:38 Getting money transfer from abroad? Submit disposal instructions online YouTube Start of suggested clip End of suggested clip And under transact select foreign currency inward remittance. Next select the inward remittance forMoreAnd under transact select foreign currency inward remittance. Next select the inward remittance for which you would like to provide the disposal instruction.

What details are required for foreign remittance?

The information provided in Form 15CB mainly includes the details of the remitter, details of the remittee, nature of remittance (whether salary, commission, royalty etc) as per agreement between the two parties, Bank details of the remitter and Tax Residency Certificate from the remitter if DTAA (Double Taxation

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What is Disposal letter for inward remittance?

With respect to the captioned remittances, please follow instructions applicable as under: 1) Credit % to our A/c Number maintained with you. 2) Credit % to our EEFC A/c Number maintained with you.

What is Disposal instruction meaning?

1 the act or means of getting rid of something. 2 placement or arrangement in a particular order. 3 a specific method of tending to matters, as in business. 4 the act or process of transferring something to or providing something for another.

How do you give the disposal instruction for foreign inward remittance?

0:22 1:38 Getting money transfer from abroad? Submit disposal instructions online YouTube Start of suggested clip End of suggested clip And under transact select foreign currency inward remittance. Next select the inward remittance forMoreAnd under transact select foreign currency inward remittance. Next select the inward remittance for which you would like to provide the disposal instruction.

How do you provide instruction for foreign inward remittance?

0:22 1:38 Getting money transfer from abroad? Submit disposal instructions online YouTube Start of suggested clip End of suggested clip And under transact select foreign currency inward remittance. Next select the inward remittance forMoreAnd under transact select foreign currency inward remittance. Next select the inward remittance for which you would like to provide the disposal instruction.

What are the documents required for inward remittance?

Ans: For general remittances received you need to submit copy of invoices (if any). For Trade related services you need to submit copy of proforma invoices depicting therein details of trade transaction. However, Bank may ask for any other documents if required.

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