Treatment of receipts in Indian rupees permitted where RBI allows, and Panchayat functions expressly included in the definition. The amendment to section 2 adds that consideration may be received in Indian rupees wherever permitted by the Reserve Bank of India in addition to foreign ... Summary
Treatment of receipts in Indian rupees permitted where RBI allows, and Panchayat functions expressly included in the definition.
The amendment to section 2 adds that consideration may be received in Indian rupees wherever permitted by the Reserve Bank of India in addition to foreign exchange, and expands the Explanation to expressly include functions entrusted to a Panchayat under article 243G within the clause's scope.
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