https://www.taxtmi.com/manuals?id=4210 A capital account transaction denotes transfers that alter assets or liabilities, including contingent liabilities, of residents abroad or of non residents domestically. Regulation of these transactions is effected through the statutory capital account framework and the Permissible Capital Account Transactions Regulations, which identify allowable cross border capital dealings. A previously existing statutory list that enabled explicit prohibition, restriction or regulation of specified capital account items was repealed, modifying the prior basis for regulatory intervention. en-us Tue, 26 Dec 2023 11:09:00 +0530 Tue, 02 Jan 2024 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4210 A capital account transaction denotes transfers that alter assets or liabilities, including contingent liabilities, of residents abroad or of non residents domestically. Regulation of these transactions is effected through the statutory capital account framework and the Permissible Capital Account Transactions Regulations, which identify allowable cross border capital dealings. A previously existing statutory list that enabled explicit prohibition, restriction or regulation of specified capital account items was repealed, modifying the prior basis for regulatory intervention. Manuals Income Tax Tue, 26 Dec 2023 11:09:00 +0530 https://www.taxtmi.com/manuals?id=4210