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 Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>RBI Amends 2000 Regulations: Residents Can Draw Up to $200K Annually for Capital Transactions, With Restrictions</h1> The Foreign Exchange Management (Permissible Capital Account Transactions) (Amendment) Regulations, 2007, issued by the Reserve Bank of India, amends the 2000 regulations concerning permissible capital account transactions. Effective from specified dates, the amendment allows resident individuals to draw foreign exchange up to USD 200,000 per financial year for specified capital account transactions. This limit includes remittances for gifts or donations, as outlined in the Foreign Exchange Management (Current Account Transactions) Rules, 2000. The amendment prohibits using this foreign exchange for remittances to countries classified as non-cooperative by the Financial Action Task Force.
TaxTMI 
TaxTMI 
