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Fema

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Querist : Anonymous

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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
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
24 May 2016 FEMA is only applicable to person resident in India

Anuj
femaquery@gmail.com
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