A private limited company wants to transfer INR 10000 to an NRI.
What are the implications from FEMA point of view.
1. If the bank account is a domestic one
2. If the bank account is NRO/NRE one.
Thanks
Yasaswi Gomes new
(Finance )
(4545 Points)
Replied 23 February 2024
As per FEMA regulations, let’s discuss the implications of transferring INR 10,000 from a private limited company to an NRI in different scenarios:
If the bank account is a domestic one:
If the bank account is NRO/NRE one:
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