Hi,
Consider a situation:
1) Party A is recipient of money (in rupees) 2) aware that the original source of payment is from trading in foreign country (USDollar) and 3) is engaged into an agreement with party B 4) the party B is going to covert the USD to Rupees 5) make the payment to party A by cutting TDS.
In this situation, if party B is somehow violating FEMA rule, does the party A will also be implicated under FEMA rule ?
Could you please answer this query. I really appreciate your advice.
Thanks.
