Re: What is the currency for international funding ?

[Rakesh Keswani <neurinfo@xxxxxxxxxxxxxxx>]

Hi all,
Is it enought that you have an RBI code and IE code no alone? Where does
one register to be a s/w exporter?

Thanks,

Rakesh Keswani.
neurinfo@xxxxxxxxxxxxxxx

Prakash Advani wrote:
> 
> Dear Swaps,
> 
> There is no problem if you receive foreign exchange just go and deposit
> it into your bank account. If you can register yourself as a software
> developer then you can also claim tax benefits which means you don't pay
> any taxes!
> 
> I'm not sure about the money order thing, but cheques, Wire Transfers,
> Demand Drafts are no problems with all the banks.
> 
> Regards
> Prakash
> 
> SWAPS wrote:
> >
> > Hi,
> >   I had sent out the following question to the project coordinator of one of
> > the  monetary, web based OSS projects (like sourceXchange.com, cosource.com)
> > and got the following reply.
> > My question to the list is: Can a person in India receive a MO in foreign
> > currency and deposit it in their ordinary account ? If not then can we request
> > for a policy change by the government to allow such micro transactions in
> > foreign currency ?
> > Reasons:
> > 1) This is going to become a viable alternative to many OSS developers who
> > would like to work on projects without travelling abroad.
> > 2) The developing nations can generate lot of income through such means.
> > 3) This will be a part of the e-commerce system.
> >
> > Thanks
> > -swaps
> >
> > <attachment>
> >
> > Great question.
> >
> > Our current plan is to use US Post international money orders. Do you know
> > if this will work for you, or do you have any suggestions?
> >
> > Thanks!
> > Bernie Thompson
> > cosource.com
> 
> --
> Prakash Advani                  http://www.yoom.com/prakash
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