https://www.taxtmi.com/manuals?id=2864 Current account transactions under the Foreign Exchange Management Act, 1999 allow any person to sell or draw foreign exchange to or from an authorised person for non capital transactions, including payments for trade, services, short term banking and credit, interest and investment income, and remittances for living, travel, education and medical expenses of close relatives abroad; the Central Government, in consultation with the Reserve Bank, may impose reasonable restrictions and has enacted the Foreign Exchange Management (Current Account Transactions) Rules, 2000 to regulate such transactions and prevent misuse. en-us Tue, 13 Jun 2023 17:42:00 +0530 Thu, 22 Jun 2023 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=2864 Current account transactions under the Foreign Exchange Management Act, 1999 allow any person to sell or draw foreign exchange to or from an authorised person for non capital transactions, including payments for trade, services, short term banking and credit, interest and investment income, and remittances for living, travel, education and medical expenses of close relatives abroad; the Central Government, in consultation with the Reserve Bank, may impose reasonable restrictions and has enacted the Foreign Exchange Management (Current Account Transactions) Rules, 2000 to regulate such transactions and prevent misuse. Manuals FEMA Tue, 13 Jun 2023 17:42:00 +0530 https://www.taxtmi.com/manuals?id=2864