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Fema

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 September 2011 One of my friend is working in America. He wants to transfer10,00,000/- to the joint account of his father and herself in India. In that joint account her father is the first holder. How can he do so under FEMA?

What are the other provisions (except FEMA) which attract this transaction?
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Sudhag

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Sudhag (Expert)
29 September 2011 Can you please inform the type of account she is having in India?

A credit in NRE account is no problem.

Regards,
CA. SUdha G. Bhushan
sudhag999@gmail.com
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