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Rs.60 lacs to be transferred from abroad to india- approval?
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Hi in what form he is receiving the money?
You need to report to Authorised Dealer and they have to arrange for KYC and FIRC
In case, it is a capital remitance then there are additional forms such as FCGPR to be filed.
Further you need to ensure that the transfer is approved as per FDI
regards
kedar
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