FEMA
This query is : Resolved
19 January 2009
What is capital account transaction?
what is current account transssation?
Distingiush between them.
what is current account transssation?
Distingiush between them.
CS Vivek Hegde
(Expert)
19 January 2009
Naseem
u can see sec 6 of FEMA.
The main defference is, CAPITAL ACCOUNT TRANSACTIONS make changes in assets and liabilities of the parties to the transaction whereas current a/c transactions not.
u can see sec 6 of FEMA.
The main defference is, CAPITAL ACCOUNT TRANSACTIONS make changes in assets and liabilities of the parties to the transaction whereas current a/c transactions not.
CS Arpita Rajpurohit
(Expert)
19 January 2009
i agree with mr. vivek.
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