https://www.taxtmi.com/notifications?id=115845 A resident individual may draw foreign exchange from an authorised person up to a prescribed annual cap for capital account transactions in Schedule I; remittances to acquire immovable property abroad are not permitted. Drawals for gifts or donations under the current account rules are subsumed within this cap. If drawal for a Schedule I transaction exceeds the annual cap, the transaction-specific regulatory limit applies. No part of the annual permitted drawal may be used, directly or indirectly, for remittances to jurisdictions designated as non-cooperative by the Financial Action Task Force. en-us Wed, 14 Aug 2013 00:00:00 +0530 Mon, 19 Aug 2013 12:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=115845 A resident individual may draw foreign exchange from an authorised person up to a prescribed annual cap for capital account transactions in Schedule I; remittances to acquire immovable property abroad are not permitted. Drawals for gifts or donations under the current account rules are subsumed within this cap. If drawal for a Schedule I transaction exceeds the annual cap, the transaction-specific regulatory limit applies. No part of the annual permitted drawal may be used, directly or indirectly, for remittances to jurisdictions designated as non-cooperative by the Financial Action Task Force. Notifications FEMA Wed, 14 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/notifications?id=115845