https://www.taxtmi.com/notifications?id=3757 Amendment revises EEFC account retention limits for defined resident categories, permitting differentiated proportions of foreign exchange earnings to be credited to EEFC accounts, subject to Reserve Bank approval for higher retention. It clarifies that professional earnings - including director's fees, consultancy fees, lecture fees and honoraria - qualify for credit when rendered in an individual capacity and expands the definition of "professional" by listing example professions while allowing RBI to specify additional persons. en-us Mon, 26 Aug 2002 00:00:00 +0530 Wed, 15 Jul 2009 15:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=3757 Amendment revises EEFC account retention limits for defined resident categories, permitting differentiated proportions of foreign exchange earnings to be credited to EEFC accounts, subject to Reserve Bank approval for higher retention. It clarifies that professional earnings - including director's fees, consultancy fees, lecture fees and honoraria - qualify for credit when rendered in an individual capacity and expands the definition of "professional" by listing example professions while allowing RBI to specify additional persons. Notifications FEMA Mon, 26 Aug 2002 00:00:00 +0530 https://www.taxtmi.com/notifications?id=3757