https://www.taxtmi.com/notifications?id=116937 Resident individuals may draw foreign exchange for specified capital account transactions up to a monetary ceiling per financial year, subject to Reserve Bank revision; gift and donation remittances under current account rules are subsumed within this ceiling; amounts exceeding the ceiling are governed by transaction-specific limits; and no part of the permitted drawal may be used, directly or indirectly, for remittances to jurisdictions designated as non-co-operative by the Financial Action Task Force. en-us Tue, 24 Jun 2014 00:00:00 +0530 Fri, 18 Jul 2014 10:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=116937 Resident individuals may draw foreign exchange for specified capital account transactions up to a monetary ceiling per financial year, subject to Reserve Bank revision; gift and donation remittances under current account rules are subsumed within this ceiling; amounts exceeding the ceiling are governed by transaction-specific limits; and no part of the permitted drawal may be used, directly or indirectly, for remittances to jurisdictions designated as non-co-operative by the Financial Action Task Force. Notifications FEMA Tue, 24 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/notifications?id=116937