Fema
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2016
RESPECTED SIR,
AS PER RECENT AMENDMENT ISSUE BY ICAI IN FEMA .................
IN GSR 426 WHICH IS REGARDING CURRENT ACCOUNT TRANSACTION , IN THAT IT IS SPECIFIED THAT LIMIT FOR CERTAIN TRANSACTION IS 250000 $, ABOVE WHICH PERMISSION OF RBI IS REQUIRED
I AM ATTACHING THE RELATED FILE
MY QUESTION IS WHETHER THAT IS APPLICABLE ONLY TO THE PERSON RESIDENT IN INDIA ????????
FOR PERSON NOT RESIDENT IN INDIA THE OLD RULE IS APPLICABLE ???????
PLZ HELP ME I M VERY CONFUSED
AS PER RECENT AMENDMENT ISSUE BY ICAI IN FEMA .................
IN GSR 426 WHICH IS REGARDING CURRENT ACCOUNT TRANSACTION , IN THAT IT IS SPECIFIED THAT LIMIT FOR CERTAIN TRANSACTION IS 250000 $, ABOVE WHICH PERMISSION OF RBI IS REQUIRED
I AM ATTACHING THE RELATED FILE
MY QUESTION IS WHETHER THAT IS APPLICABLE ONLY TO THE PERSON RESIDENT IN INDIA ????????
FOR PERSON NOT RESIDENT IN INDIA THE OLD RULE IS APPLICABLE ???????
PLZ HELP ME I M VERY CONFUSED
CA. Anuj Gupta
(Expert)
24 May 2016
FEMA is only applicable to person resident in India
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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