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Fema

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 June 2012 IF SOME ONE BROUGHT 50 TO 60 LACS PER MONTH FROM ABROAD FROM SOME COMPANIES OVER THERE. HE SAYS THAT HIS MONEY COMES AFTER PAYING DUE TAXES IN ABROAD. NOW MY QUESTION IS WHETHER THERE IS ANY LIMIT IN FEMA OR SOME LAWS WHICH RESTRICT SUCH KIND TRANSACTIONS WHICH ARE DULY THROUGH BANKS.
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Ajay Mishra

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Ajay Mishra (Expert)
29 June 2012 Hi


Read, Foreign Exchange Management (Current Account Transaction) Rules, 2000.

Foreign Exchange Management (Capital Account Transaction) Regulations, 2000.


Regards
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