TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>New Circular Details Section 6(4) FEMA Rules for Indian Residents Holding and Investing in Foreign Assets Abroad.</h1> The circular clarifies transactions under Section 6(4) of the Foreign Exchange Management Act, 1999, allowing Indian residents to hold, own, transfer, or invest in foreign assets acquired while residing outside India or inherited from someone residing outside India. It specifies that foreign currency accounts, income from employment or investments made abroad, and inherited foreign exchange are covered. Indian residents can use these assets and their income for payments or new investments abroad without Reserve Bank approval, provided funds come from eligible assets and comply with FEMA. Authorized Dealer banks must inform their clients of these provisions.
TaxTMI 