{"id":2601,"date":"2026-10-19T23:00:00","date_gmt":"2026-10-19T17:30:00","guid":{"rendered":"https:\/\/blog.remitcircle.com\/?p=2601"},"modified":"2026-10-19T22:44:18","modified_gmt":"2026-10-19T17:14:18","slug":"does-the-%e2%82%b910-lakh-limit-mean-you-dont-need-an-edf-no-heres-what-it-actually-covers","status":"publish","type":"post","link":"https:\/\/blog.remitcircle.com\/education\/does-the-%e2%82%b910-lakh-limit-mean-you-dont-need-an-edf-no-heres-what-it-actually-covers\/","title":{"rendered":"Does the \u20b910 Lakh Limit Mean You Don&#8217;t Need an EDF? (No, Here&#8217;s What It Actually Covers)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2601\" class=\"elementor elementor-2601\">\n\t\t\t\t<div class=\"elementor-element elementor-element-352c3f8d e-flex e-con-boxed e-con e-parent\" data-id=\"352c3f8d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-55cf5c95 elementor-widget elementor-widget-text-editor\" data-id=\"55cf5c95\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t\n<h2><b>The short answer<\/b><\/h2>\n<p><b>The EDF 10 lakh limit is not a filing exemption.<\/b><span style=\"font-weight: 400;\"> Bills under \u20b910 lakh still go on your EDF like any other service export. What the \u20b910 lakh figure changes is what happens <\/span><b>after<\/b><span style=\"font-weight: 400;\"> you file: for bills up to \u20b910 lakh, your bank can close the export entry based on your own declaration, and smaller shortfalls get simpler handling.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In other words, the limit affects how an invoice is closed, not whether it is declared.<\/span><\/p>\n<h3><b>Key takeaways<\/b><\/h3>\n<ul>\n<li><b>Every eligible service export goes on the EDF<\/b><span style=\"font-weight: 400;\">, whatever the invoice size. There is no general small-value exemption from filing.<\/span><\/li>\n<li><b>The \u20b910 lakh limit is per bill<\/b><span style=\"font-weight: 400;\">, not per month or per year.<\/span><\/li>\n<li><b>What it relaxes:<\/b><span style=\"font-weight: 400;\"> closing the entry on EDPMS based on your self-declaration, and simpler handling when you receive less than invoiced (or nothing) within the limit.<\/span><\/li>\n<li><b>What stays the same:<\/b><span style=\"font-weight: 400;\"> the EDF itself, the filing deadline, and the time you have to receive payment.<\/span><\/li>\n<li><b>Above \u20b910 lakh,<\/b><span style=\"font-weight: 400;\"> expect your bank&#8217;s standard verification. Ask it what it needs.<\/span><\/li>\n<\/ul>\n<h2><b>The myth, and why it spreads<\/b><\/h2>\n<p><b>The myth:<\/b><span style=\"font-weight: 400;\"> &#8220;If my invoice is under \u20b910 lakh, I don&#8217;t need to file an EDF.&#8221;<\/span><\/p>\n<p><b>The reality:<\/b><span style=\"font-weight: 400;\"> you file the EDF regardless. The \u20b910 lakh figure sits elsewhere in the rules and deals with closing entries and adjusting export value, not with who has to file.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The confusion is understandable. RBI has said exporters can <\/span><b>self-declare<\/b><span style=\"font-weight: 400;\"> for bills up to \u20b910 lakh, and &#8220;self-declare&#8221; easily sounds like &#8220;skip the paperwork&#8221;. It actually means your own declaration is enough for the bank to close the entry, instead of the bank needing more evidence. You still declared the invoice in the first place.<\/span><\/p>\n<h2><b>First, the four terms you need<\/b><\/h2>\n<ul>\n<li><b>EDF (Export Declaration Form):<\/b><span style=\"font-weight: 400;\"> the form where you declare your service exports to your bank, typically one per month covering every invoice raised that month.<\/span><\/li>\n<li><b>AD bank (Authorised Dealer bank):<\/b><span style=\"font-weight: 400;\"> the bank that handles your foreign exchange receipts, and the one you file the EDF with.<\/span><\/li>\n<li><b>EDPMS (Export Data Processing and Monitoring System):<\/b><span style=\"font-weight: 400;\"> RBI&#8217;s database where your bank records each export invoice and tracks it until the money arrives.<\/span><\/li>\n<li><b>Closure:<\/b><span style=\"font-weight: 400;\"> marking an EDPMS entry as settled, either because the payment has arrived or because a permitted adjustment has been made. An open entry is an export RBI is still waiting to see paid.<\/span><\/li>\n<\/ul>\n<h2><b>Filing vs closure: two different steps<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The easiest way to see where \u20b910 lakh fits is to lay out an invoice&#8217;s full journey:<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td>\n<p><b>Step<\/b><\/p>\n<\/td>\n<td>\n<p><b>What happens<\/b><\/p>\n<\/td>\n<td>\n<p><b>Does \u20b910 lakh change it?<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-weight: 400;\">1. File the EDF<\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">You declare the invoice to your AD bank, within 30 days from the end of the month it was raised<\/span><\/p>\n<\/td>\n<td>\n<p><b>No.<\/b><span style=\"font-weight: 400;\"> Every invoice is declared<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-weight: 400;\">2. Entry opens on EDPMS<\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">Your bank records the invoice as an export awaiting payment<\/span><\/p>\n<\/td>\n<td>\n<p><b>No<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-weight: 400;\">3. Receive payment<\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">Your client pays; generally expected within 9 months of the invoice date (12 months for rupee-invoiced exports)<\/span><\/p>\n<\/td>\n<td>\n<p><b>No.<\/b><span style=\"font-weight: 400;\"> Same timeline<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-weight: 400;\">4. Close the entry<\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">Your bank marks the entry as settled<\/span><\/p>\n<\/td>\n<td>\n<p><b>Yes.<\/b><span style=\"font-weight: 400;\"> For bills up to \u20b910 lakh, the bank can close it on your self-declaration<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td>\n<p><span style=\"font-weight: 400;\">5. Shortfall or non-receipt<\/span><\/p>\n<\/td>\n<td>\n<p><span style=\"font-weight: 400;\">You receive less than invoiced, or nothing<\/span><\/p>\n<\/td>\n<td>\n<p><b>Yes.<\/b><span style=\"font-weight: 400;\"> Simpler handling for reductions or non-realisation within the limit<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Steps 1 to 3 apply to everyone. The \u20b910 lakh limit only enters the picture at steps 4 and 5.<\/span><\/p>\n<h2><b>What changes for bills under \u20b910 lakh<\/b><\/h2>\n<ul>\n<li><b>Closure on your word:<\/b><span style=\"font-weight: 400;\"> your bank can close the EDPMS entry based on a self-declaration from you, rather than needing further evidence.<\/span><\/li>\n<li><b>Simpler adjustments:<\/b><span style=\"font-weight: 400;\"> if a client pays less than invoiced, or doesn&#8217;t pay, there is a simpler route for reducing or writing off the export value within the limit.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Exactly what the self-declaration must contain, and what supporting records your bank keeps on file, depends on your bank&#8217;s procedure. Ask for its format before your first closure.<\/span><\/p>\n<h2><b>What stays exactly the same<\/b><\/h2>\n<ul>\n<li><span style=\"font-weight: 400;\">You still file the EDF, with the invoice as its own row.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">The deadline is unchanged: within 30 days from the end of the invoice month.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">The money still needs to arrive within the realisation period.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Your bank still records and tracks the invoice on EDPMS until it is closed.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">So a month of eight invoices worth \u20b93 lakh each means eight rows on one EDF, filed on time, each tracked until paid. The only difference is how easily each one can be closed.<\/span><\/p>\n<h2><b>What about bills above \u20b910 lakh?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Above \u20b910 lakh, the self-declaration route for closure doesn&#8217;t apply. The rules don&#8217;t lay out a separate public checklist for these bills in detail, so expect your bank to follow its standard verification before closing the entry, and ask it upfront which documents it will want. Keeping proof of each payment (such as a FIRA, the Foreign Inward Remittance Advice your bank or provider issues) ready makes this smoother.<\/span><\/p>\n<h2><b>Per bill, not per month<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The limit is assessed bill by bill. Twelve invoices of \u20b95 lakh each in a year are twelve bills under \u20b910 lakh, and all twelve are still declared on your EDFs.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One thing to be clear about: the limit isn&#8217;t something to plan invoices around. Invoices should reflect the real work and the contract behind them. The \u20b910 lakh figure simply describes how smaller bills can be closed once they are paid.<\/span><\/p>\n<h2><b>Are freelancers covered at all?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">RBI has clarified that individuals with contracts of a personal nature are not covered by these reporting requirements. If you invoice as a business (a firm, a GSTIN, a proprietorship), confirm your position with your CA or AD bank.<\/span><\/p>\n<h2><b style=\"font-size: 16px;\">Collecting from several overseas clients each month?<\/b><\/h2>\n<p>Remit Circle issues a FIRA for every payment you receive, so the records behind each EDF row are in one place when your bank asks. <a href=\"https:\/\/www.remitcircle.com\/authentication\/signup\" target=\"_blank\" rel=\"noopener\">Get started with Remit Circle<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<div class=\"elementor-element elementor-element-8e6319f e-con e-atomic-element e-flexbox-base e-default-div e-6c3b3bf \" data-id=\"8e6319f\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"8e6319f\">\n    <div class=\"elementor-element elementor-element-5b80d84 e-con e-atomic-element e-flexbox-base e-default-div e-5b80d84-c4b8bcd \" data-id=\"5b80d84\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"5b80d84\">\n    <div class=\"elementor-element elementor-element-8a226ac e-con e-atomic-element e-flexbox-base e-default-div e-8a226ac-3575fae \" data-id=\"8a226ac\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"8a226ac\">\n    <div class=\"elementor-element elementor-element-0d8c73b e-con e-atomic-element e-flexbox-base e-default-div e-0d8c73b-24fd437 \" data-id=\"0d8c73b\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"0d8c73b\">\n    \t\t\t<h2 data-interaction-id=\"e92da2e\" class=\"e-e92da2e-8945adc e-heading-base e-default-h2\"><strong>Frequently Asked Questions<\/strong><br><\/h2>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef70693 elementor-widget elementor-widget-n-accordion\" data-id=\"ef70693\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;n_accordion_animation_duration&quot;:{&quot;unit&quot;:&quot;ms&quot;,&quot;size&quot;:200,&quot;sizes&quot;:[]},&quot;default_state&quot;:&quot;expanded&quot;,&quot;max_items_expended&quot;:&quot;one&quot;}\" data-widget_type=\"nested-accordion.default\">\n\t\t\t\t\t\t\t<div class=\"e-n-accordion\" aria-label=\"Accordion. Open links with Enter or Space, close with Escape, and navigate with Arrow Keys\">\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2510\" class=\"e-n-accordion-item\" open>\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"1\" tabindex=\"0\" aria-expanded=\"true\" aria-controls=\"e-n-accordion-item-2510\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Is there a minimum invoice value for EDF filing? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2510\" class=\"elementor-element elementor-element-742d08a e-con-full e-flex e-con e-child\" data-id=\"742d08a\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<p class=\"e-paragraph-base e-default-p\" data-interaction-id=\"dfbe443\">There is no general small-value exemption. Service exports are declared on the EDF regardless of invoice size. The \u20b910 lakh figure relates to how entries are closed and adjusted, not to whether you file.<br><\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2511\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"2\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2511\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> What does self-declaration up to \u20b910 lakh mean? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2511\" class=\"elementor-element elementor-element-954b8ba e-con-full e-flex e-con e-child\" data-id=\"954b8ba\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<p class=\"e-paragraph-base e-default-p\" data-interaction-id=\"ab68c78\">For bills up to \u20b910 lakh, your AD bank can close the export entry on EDPMS based on your own declaration, rather than needing further evidence. You still file the EDF first.<br><\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2512\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"3\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2512\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Is the \u20b910 lakh limit per invoice or per year? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2512\" class=\"elementor-element elementor-element-e3ab84f e-con-full e-flex e-con e-child\" data-id=\"e3ab84f\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<p class=\"e-paragraph-base e-default-p\" data-interaction-id=\"76a6f30\">Per bill (invoice). It is not a monthly or annual total.<br><\/p>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2513\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"4\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2513\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Do I still need to receive payment within the usual period for small invoices? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2513\" class=\"elementor-element elementor-element-0b14a6e e-flex e-con-boxed e-con e-child\" data-id=\"0b14a6e\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<p class=\"e-paragraph-base e-default-p\" data-interaction-id=\"13f7071\">Yes. Service export proceeds are generally expected within 9 months of the invoice date (12 months for rupee-invoiced exports), whatever the invoice size.<br><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2514\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"5\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2514\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> What if my client pays less than the invoice amount? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2514\" class=\"elementor-element elementor-element-767881d e-flex e-con-boxed e-con e-child\" data-id=\"767881d\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<p class=\"e-paragraph-base e-default-p\" data-interaction-id=\"d7b7e6b\">Within the \u20b910 lakh limit, there is a simpler route for reducing or writing off the unpaid portion. How it works in practice depends on your bank, so ask your AD bank how it wants this declared.<br><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t\t<details id=\"e-n-accordion-item-2515\" class=\"e-n-accordion-item\" >\n\t\t\t\t<summary class=\"e-n-accordion-item-title\" data-accordion-index=\"6\" tabindex=\"-1\" aria-expanded=\"false\" aria-controls=\"e-n-accordion-item-2515\" >\n\t\t\t\t\t<span class='e-n-accordion-item-title-header'><div class=\"e-n-accordion-item-title-text\"> Who closes the EDPMS entry? <\/div><\/span>\n\t\t\t\t\t\t\t<span class='e-n-accordion-item-title-icon'>\n\t\t\t<span class='e-opened' ><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-minus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h384c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t\t<span class='e-closed'><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-plus\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M416 208H272V64c0-17.67-14.33-32-32-32h-32c-17.67 0-32 14.33-32 32v144H32c-17.67 0-32 14.33-32 32v32c0 17.67 14.33 32 32 32h144v144c0 17.67 14.33 32 32 32h32c17.67 0 32-14.33 32-32V304h144c17.67 0 32-14.33 32-32v-32c0-17.67-14.33-32-32-32z\"><\/path><\/svg><\/span>\n\t\t<\/span>\n\n\t\t\t\t\t\t<\/summary>\n\t\t\t\t<div role=\"region\" aria-labelledby=\"e-n-accordion-item-2515\" class=\"elementor-element elementor-element-b5bdb71 e-flex e-con-boxed e-con e-child\" data-id=\"b5bdb71\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t\t<p class=\"e-paragraph-base e-default-p\" data-interaction-id=\"f764152\">Your AD bank. It records the invoice when you file the EDF and closes the entry once payment arrives or a permitted adjustment is made.<br><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/details>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\n<\/div>\n\n<\/div>\n\n<\/div>\n\n<\/div>\n<div class=\"elementor-element elementor-element-c6ddbcf e-con e-atomic-element e-flexbox-base e-default-div e-9a31ad9 \" data-id=\"c6ddbcf\" data-element_type=\"e-flexbox\" data-e-type=\"e-flexbox\" data-interaction-id=\"c6ddbcf\">\n    <div class=\"elementor-element elementor-element-9e87c6c e-flex e-con-boxed e-con e-parent\" data-id=\"9e87c6c\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b688300 elementor-widget elementor-widget-text-editor\" data-id=\"b688300\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t\t\t\t\t\t\n<h2><b style=\"font-size: 16px;\">Collecting from several overseas clients each month?<\/b><\/h2>\n<p>Remit Circle issues a FIRA for every payment you receive, so the records behind each EDF row are in one place when your bank asks. <a href=\"https:\/\/www.remitcircle.com\/authentication\/signup\" target=\"_blank\" rel=\"noopener\">Get started with Remit Circle<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\n<\/div>\n\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Heard bills under \u20b910 lakh don&#8217;t need an EDF? \nThey do. Here is what the EDF 10 lakh limit actually covers, and what it doesn&#8217;t change.","protected":false},"author":260895650,"featured_media":2557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_wpcom_ai_launchpad_first_post":false,"csco_display_header_overlay":false,"csco_singular_sidebar":"","csco_page_header_type":"","csco_page_load_nextpost":"","csco_page_reading_time":"","csco_page_toc_navigation":"","csco_post_video_location":[],"csco_post_video_location_hash":"","csco_post_video_url":"","csco_post_video_bg_start_time":0,"csco_post_video_bg_end_time":0,"csco_post_video_bg_volume":false,"_jetpack_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1387],"tags":[],"class_list":["post-2601","post","type-post","status-publish","format-standard","has-post-thumbnail","category-education","cs-entry","cs-video-wrap"],"jetpack_publicize_connections":[],"jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/phhXOC-FX","jetpack-related-posts":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/blog.remitcircle.com\/wp-content\/uploads\/2026\/10\/Frame-1295.png?fit=1384%2C805&ssl=1","_links":{"self":[{"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/posts\/2601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/users\/260895650"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/comments?post=2601"}],"version-history":[{"count":8,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/posts\/2601\/revisions"}],"predecessor-version":[{"id":2609,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/posts\/2601\/revisions\/2609"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/media\/2557"}],"wp:attachment":[{"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/media?parent=2601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/categories?post=2601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.remitcircle.com\/wp-json\/wp\/v2\/tags?post=2601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}